Pinterest, Inc. (NYSE:PINS) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc boosted its holdings in Pinterest, Inc. (NYSE:PINS) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 443,873 shares of the company’s stock after acquiring an additional 24,856 shares during the quarter. Ensign Peak Advisors Inc owned about 0.06% of Pinterest worth $19,561,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Wellington Shields Capital Management LLC acquired a new position in Pinterest during the second quarter worth about $26,000. Hexagon Capital Partners LLC boosted its position in Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after purchasing an additional 459 shares in the last quarter. GAMMA Investing LLC grew its holdings in Pinterest by 113.4% in the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after purchasing an additional 405 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Pinterest during the 2nd quarter worth $35,000. Finally, Quent Capital LLC boosted its position in shares of Pinterest by 71.2% in the 1st quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock worth $38,000 after buying an additional 460 shares in the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $44.38, for a total value of $1,343,826.40. Following the transaction, the chief financial officer now owns 362,822 shares in the company, valued at approximately $16,102,040.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.11% of the company’s stock.

Pinterest Price Performance

Shares of PINS opened at $30.45 on Tuesday. Pinterest, Inc. has a 12 month low of $23.59 and a 12 month high of $45.19. The stock’s 50-day moving average is $32.36 and its two-hundred day moving average is $36.71. The stock has a market cap of $20.80 billion, a PE ratio of 145.00, a P/E/G ratio of 3.22 and a beta of 1.00.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $853.68 million during the quarter, compared to analysts’ expectations of $848.75 million. Pinterest had a return on equity of 6.94% and a net margin of 5.75%. Pinterest’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. On average, research analysts anticipate that Pinterest, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

PINS has been the subject of a number of research reports. Cantor Fitzgerald restated an “overweight” rating and set a $41.00 target price on shares of Pinterest in a research report on Monday. Citigroup lowered their target price on Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Roth Mkm cut their price target on Pinterest from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Evercore ISI decreased their price objective on Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Barclays cut their target price on shares of Pinterest from $38.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.79.

Pinterest 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.