Pinterest, Inc. (NYSE:PINS) Shares Bought by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. grew its position in shares of Pinterest, Inc. (NYSE:PINS) by 1.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 90,437 shares of the company’s stock after purchasing an additional 1,163 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Pinterest were worth $3,135,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PINS. ARK Investment Management LLC grew its holdings in shares of Pinterest by 152.3% in the 4th quarter. ARK Investment Management LLC now owns 1,444,579 shares of the company’s stock worth $53,507,000 after acquiring an additional 872,016 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Pinterest by 57.9% in the 4th quarter. Nordea Investment Management AB now owns 882,233 shares of the company’s stock worth $32,766,000 after acquiring an additional 323,547 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Pinterest by 3,402.0% in the 4th quarter. International Assets Investment Management LLC now owns 80,266 shares of the company’s stock worth $2,973,000 after acquiring an additional 77,974 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Pinterest by 55.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company’s stock worth $6,477,000 after buying an additional 62,117 shares during the period. Finally, Raymond James Trust N.A. boosted its position in shares of Pinterest by 48.5% in the fourth quarter. Raymond James Trust N.A. now owns 27,686 shares of the company’s stock worth $1,025,000 after buying an additional 9,040 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Wanjiku Juanita Walcott sold 11,627 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $41.42, for a total transaction of $481,590.34. Following the sale, the insider now directly owns 307,256 shares in the company, valued at approximately $12,726,543.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $43.90, for a total value of $168,795.50. Following the transaction, the chief accounting officer now directly owns 189,470 shares in the company, valued at approximately $8,317,733. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Wanjiku Juanita Walcott sold 11,627 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.42, for a total value of $481,590.34. Following the completion of the transaction, the insider now owns 307,256 shares in the company, valued at $12,726,543.52. The disclosure for this sale can be found here. Insiders have sold a total of 69,561 shares of company stock worth $2,569,511 in the last three months. Insiders own 7.11% of the company’s stock.

Pinterest Stock Down 0.9 %

Pinterest stock opened at $43.62 on Monday. The business has a 50 day moving average price of $40.10 and a two-hundred day moving average price of $37.58. The stock has a market cap of $29.80 billion, a price-to-earnings ratio of 207.72, a price-to-earnings-growth ratio of 4.32 and a beta of 0.97. Pinterest, Inc. has a 12 month low of $23.59 and a 12 month high of $45.01.

Pinterest (NYSE:PINS) last issued its earnings results on Tuesday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. The business had revenue of $739.98 million during the quarter, compared to analysts’ expectations of $699.96 million. On average, analysts expect that Pinterest, Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup raised their target price on Pinterest from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company raised their target price on Pinterest from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Benchmark reissued a “hold” rating on shares of Pinterest in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Roth Mkm lifted their price objective on Pinterest from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.34.

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.