Pinterest, Inc. (NYSE:PINS) Holdings Decreased by Blue Trust Inc.

Blue Trust Inc. lessened its holdings in Pinterest, Inc. (NYSE:PINS) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,110 shares of the company’s stock after selling 1,720 shares during the quarter. Blue Trust Inc.’s holdings in Pinterest were worth $177,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Pinterest by 2.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock worth $366,000 after purchasing an additional 342 shares during the period. Linden Thomas Advisory Services LLC grew its stake in Pinterest by 7.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 36,046 shares of the company’s stock worth $1,045,000 after buying an additional 2,472 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Pinterest by 699.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 296,033 shares of the company’s stock worth $8,585,000 after buying an additional 259,002 shares during the period. Exchange Traded Concepts LLC lifted its stake in Pinterest by 376.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 58,545 shares of the company’s stock valued at $1,698,000 after buying an additional 46,250 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Pinterest by 26.7% during the fourth quarter. Avior Wealth Management LLC now owns 2,796 shares of the company’s stock worth $81,000 after acquiring an additional 589 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the transaction, the director now directly owns 30,236 shares in the company, valued at approximately $920,081.48. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Andrea Acosta sold 3,845 shares of Pinterest stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total value of $118,733.60. Following the completion of the transaction, the chief accounting officer now directly owns 158,468 shares in the company, valued at approximately $4,893,491.84. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,157 shares of company stock worth $589,131. 7.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Raymond James cut their target price on Pinterest from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price objective (down from $40.00) on shares of Pinterest in a research note on Monday, January 13th. KeyCorp decreased their target price on shares of Pinterest from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Royal Bank of Canada restated an “outperform” rating and set a $48.00 price target on shares of Pinterest in a research report on Tuesday, December 10th. Finally, Robert W. Baird reduced their price target on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.70.

Pinterest Stock Up 1.0 %

Shares of PINS opened at $33.40 on Wednesday. The firm has a market cap of $22.57 billion, a price-to-earnings ratio of 111.35, a price-to-earnings-growth ratio of 1.68 and a beta of 1.06. The company’s fifty day moving average is $31.11 and its 200-day moving average is $31.54. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19.

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.