Focus Partners Wealth Has $15.48 Million Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Focus Partners Wealth raised its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 1,622.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 533,695 shares of the company's stock after purchasing an additional 502,718 shares during the period. Focus Partners Wealth owned approximately 0.08% of Pinterest worth $15,477,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Pinterest by 2.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company's stock valued at $366,000 after buying an additional 342 shares in the last quarter. Ethos Financial Group LLC raised its position in shares of Pinterest by 3.1% in the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company's stock valued at $342,000 after buying an additional 350 shares in the last quarter. Amalgamated Bank raised its position in shares of Pinterest by 0.9% in the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company's stock valued at $1,154,000 after buying an additional 372 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after buying an additional 415 shares in the last quarter. Finally, Steph & Co. raised its position in shares of Pinterest by 6.4% in the 4th quarter. Steph & Co. now owns 7,048 shares of the company's stock valued at $204,000 after buying an additional 425 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Performance

Shares of NYSE:PINS traded up $0.32 during trading on Friday, reaching $32.56. The stock had a trading volume of 11,143,283 shares, compared to its average volume of 10,720,731. The firm's fifty day moving average is $28.72 and its 200 day moving average is $31.23. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19. The stock has a market cap of $22.08 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 1.95 and a beta of 0.83.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The firm's revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share. On average, research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total transaction of $31,050.00. Following the transaction, the director now owns 26,786 shares in the company, valued at approximately $723,222. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,399,072.34. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 862,168 shares of company stock valued at $28,368,681 over the last ninety days. 7.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PINS shares. Raymond James cut shares of Pinterest from an "overweight" rating to a "market perform" rating in a research report on Monday, April 7th. Wolfe Research upgraded shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a research report on Thursday. Guggenheim lowered their price objective on shares of Pinterest from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, May 9th. JPMorgan Chase & Co. upped their price objective on shares of Pinterest from $30.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Finally, Piper Sandler lowered their price objective on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.26.

Pinterest Company Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.