Blue Trust Inc. Sells 5,221 Shares of Pinterest, Inc. (NYSE:PINS)

Blue Trust Inc. cut its position in shares of Pinterest, Inc. (NYSE:PINS) by 66.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,609 shares of the company’s stock after selling 5,221 shares during the period. Blue Trust Inc.’s holdings in Pinterest were worth $76,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. AustralianSuper Pty Ltd bought a new stake in shares of Pinterest during the fourth quarter valued at approximately $5,388,000. Banque Pictet & Cie SA bought a new stake in shares of Pinterest during the fourth quarter valued at approximately $334,000. V Square Quantitative Management LLC increased its position in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after purchasing an additional 590 shares during the period. Compagnie Lombard Odier SCmA increased its position in shares of Pinterest by 1.1% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 433,256 shares of the company’s stock valued at $12,564,000 after purchasing an additional 4,674 shares during the period. Finally, Vontobel Holding Ltd. increased its position in shares of Pinterest by 170.1% during the fourth quarter. Vontobel Holding Ltd. now owns 34,642 shares of the company’s stock valued at $1,005,000 after purchasing an additional 21,817 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Insider Activity at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the completion of the sale, the director now directly owns 29,086 shares in the company, valued at $1,139,880.34. This represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total value of $365,586.84. Following the completion of the sale, the insider now owns 246,921 shares of the company’s stock, valued at $7,610,105.22. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,157 shares of company stock worth $600,010. 7.11% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Cantor Fitzgerald boosted their price target on Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Roth Mkm decreased their price target on Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Piper Sandler reaffirmed a “neutral” rating and issued a $41.00 price target (up previously from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Oppenheimer boosted their price target on Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Morgan Stanley boosted their price target on Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.47.

Pinterest Trading Down 4.8 %

NYSE PINS opened at $37.68 on Monday. The stock has a 50-day simple moving average of $32.92 and a 200 day simple moving average of $31.88. The company has a market capitalization of $25.55 billion, a PE ratio of 14.01, a P/E/G ratio of 1.95 and a beta of 1.06. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.