CreativeOne Wealth LLC Has $393,000 Stock Position in Pinterest, Inc. $PINS

CreativeOne Wealth LLC grew its holdings in Pinterest, Inc. (NYSE:PINS) by 26.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,947 shares of the company’s stock after acquiring an additional 2,300 shares during the quarter. CreativeOne Wealth LLC’s holdings in Pinterest were worth $393,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Penserra Capital Management LLC raised its stake in Pinterest by 10.1% in the 2nd quarter. Penserra Capital Management LLC now owns 3,259 shares of the company’s stock worth $115,000 after purchasing an additional 300 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Pinterest by 16.5% in the second quarter. TD Private Client Wealth LLC now owns 2,623 shares of the company’s stock valued at $94,000 after buying an additional 371 shares in the last quarter. Riverpark Capital Management LLC raised its position in shares of Pinterest by 1.2% in the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company’s stock valued at $987,000 after buying an additional 377 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Pinterest by 22.3% in the second quarter. Whittier Trust Co. now owns 2,088 shares of the company’s stock valued at $75,000 after buying an additional 381 shares during the period. Finally, Prospera Financial Services Inc grew its position in Pinterest by 1.0% during the second quarter. Prospera Financial Services Inc now owns 40,444 shares of the company’s stock worth $1,450,000 after buying an additional 399 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 74,047 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $26.89, for a total transaction of $1,991,123.83. Following the sale, the insider owned 301,214 shares of the company’s stock, valued at approximately $8,099,644.46. The trade was a 19.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the company’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total transaction of $795,311.85. Following the transaction, the chief financial officer owned 312,422 shares of the company’s stock, valued at $10,887,906.70. This trade represents a 6.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 505,208 shares of company stock worth $17,450,914 over the last quarter. Corporate insiders own 7.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PINS. Wedbush dropped their price objective on Pinterest from $44.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Morgan Stanley cut their price objective on shares of Pinterest from $41.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday. Rosenblatt Securities reiterated a “neutral” rating and set a $30.00 price objective (down from $49.00) on shares of Pinterest in a research note on Wednesday, November 5th. The Goldman Sachs Group decreased their target price on shares of Pinterest from $43.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Finally, Monness Crespi & Hardt downgraded shares of Pinterest from a “buy” rating to a “neutral” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Pinterest presently has an average rating of “Moderate Buy” and a consensus target price of $39.10.

Pinterest Trading Up 2.1%

Shares of NYSE PINS opened at $26.10 on Friday. The company has a market cap of $17.63 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.58 and a beta of 0.96. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The stock has a 50-day moving average price of $30.44 and a two-hundred day moving average price of $33.69.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Tuesday, September 19th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $665.93 million for the quarter. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. On average, sell-side analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current 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.