Pinterest, Inc. (NYSE:PINS) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 9.8% in the 4th quarter, Holdings Channel reports. The firm owned 17,717 shares of the company’s stock after selling 1,921 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Pinterest were worth $514,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its stake in shares of Pinterest by 7.4% during the 3rd quarter. Empowered Funds LLC now owns 9,165 shares of the company’s stock worth $297,000 after acquiring an additional 635 shares in the last quarter. Quest Partners LLC boosted its position in shares of Pinterest by 1,109.4% in the 3rd quarter. Quest Partners LLC now owns 9,796 shares of the company’s stock valued at $317,000 after purchasing an additional 8,986 shares during the period. Commerce Bank increased its stake in Pinterest by 3.3% in the 3rd quarter. Commerce Bank now owns 11,868 shares of the company’s stock worth $384,000 after purchasing an additional 378 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Pinterest by 4.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company’s stock worth $27,326,000 after buying an additional 32,539 shares during the period. Finally, Cerity Partners LLC lifted its stake in Pinterest by 63.4% during the third quarter. Cerity Partners LLC now owns 52,357 shares of the company’s stock valued at $1,695,000 after buying an additional 20,310 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Price Performance

Shares of PINS opened at $34.68 on Wednesday. The company has a market capitalization of $23.52 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The company’s fifty day moving average price is $34.56 and its 200 day moving average price is $32.35.

Pinterest (NYSE:PINS) last posted 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 return on equity of 8.10% and a net margin of 51.07%. Analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PINS shares. Roth Capital set a $32.00 price target on shares of Pinterest in a report on Monday, February 3rd. Rosenblatt Securities boosted their target price on shares of Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Pinterest in a report on Friday, February 7th. Barclays lifted their price target on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group increased their price objective on Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Insiders Place Their Bets

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total value of $34,994.50. Following the completion of the sale, the director now directly owns 30,236 shares of the company’s stock, valued at $920,081.48. This represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the transaction, the director now owns 6,274 shares in the company, valued at approximately $195,497.84. The trade was a 94.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 237,417 shares of company stock valued at $7,803,946 in the last three months. Company insiders own 7.11% of the company’s stock.

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.