Pinterest, Inc. $PINS Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. trimmed its stake in shares of Pinterest, Inc. (NYSE:PINS) by 18.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,165 shares of the company’s stock after selling 2,972 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Pinterest were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Revolve Wealth Partners LLC acquired a new stake in Pinterest in the fourth quarter worth $252,000. AE Wealth Management LLC bought a new position in shares of Pinterest during the first quarter worth about $242,000. Cetera Investment Advisers grew its position in shares of Pinterest by 92.2% during the first quarter. Cetera Investment Advisers now owns 165,286 shares of the company’s stock worth $5,124,000 after acquiring an additional 79,306 shares during the last quarter. HB Wealth Management LLC acquired a new stake in shares of Pinterest in the 1st quarter worth about $431,000. Finally, TD Asset Management Inc lifted its position in Pinterest by 1.3% in the 1st quarter. TD Asset Management Inc now owns 256,809 shares of the company’s stock valued at $7,961,000 after purchasing an additional 3,334 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on PINS shares. Guggenheim reduced their target price on shares of Pinterest from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Barclays cut their price target on Pinterest from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Royal Bank Of Canada decreased their price objective on Pinterest from $45.00 to $38.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Cantor Fitzgerald cut their target price on Pinterest from $40.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus boosted their price target on Pinterest from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and a consensus price target of $39.10.

Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total value of $3,558,613.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total transaction of $795,311.85. Following the sale, the chief financial officer owned 312,422 shares in the company, valued at $10,887,906.70. This represents a 6.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 505,208 shares of company stock worth $17,450,914 over the last ninety days. 7.06% of the stock is currently owned by company insiders.

Pinterest Stock Up 0.3%

PINS opened at $25.60 on Friday. The firm has a market cap of $17.29 billion, a PE ratio of 8.89, a P/E/G ratio of 1.55 and a beta of 0.96. The business has a fifty day simple moving average of $30.63 and a 200-day simple moving average of $33.73. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90.

Pinterest (NYSE:PINS) last announced its earnings results on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. Pinterest had a return on equity of 8.20% and a net margin of 48.99%.The business had revenue of $665.93 million during the quarter. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

About Pinterest

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.