241,915 Shares in Pinterest, Inc. $PINS Bought by CW Advisors LLC

CW Advisors LLC bought a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 241,915 shares of the company’s stock, valued at approximately $8,675,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PINS. Golden State Wealth Management LLC increased its holdings in shares of Pinterest by 282.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after acquiring an additional 506 shares during the last quarter. West Branch Capital LLC acquired a new stake in Pinterest in the 2nd quarter worth approximately $36,000. Wellington Shields Capital Management LLC bought a new stake in Pinterest during the second quarter worth approximately $40,000. MassMutual Private Wealth & Trust FSB grew its holdings in Pinterest by 138.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,586 shares of the company’s stock valued at $57,000 after purchasing an additional 922 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in shares of Pinterest in the first quarter valued at approximately $56,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Buying and Selling

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 transaction of $3,558,613.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Wanjiku Juanita Walcott sold 74,047 shares of Pinterest stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $26.89, for a total value of $1,991,123.83. Following the sale, the insider directly owned 301,214 shares in the company, valued at $8,099,644.46. The trade was a 19.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 403,125 shares of company stock valued at $13,669,759 over the last quarter. Corporate insiders own 7.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PINS shares. Wedbush decreased their price objective on shares of Pinterest from $44.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Stifel Nicolaus upped their price target on shares of Pinterest from $46.00 to $47.00 and gave the company a “buy” rating in a report on Friday, August 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Pinterest in a research report on Friday, August 8th. Evercore ISI cut their price objective on Pinterest from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Finally, Citigroup restated a “buy” rating on shares of Pinterest in a research note 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.10.

Pinterest Trading Down 0.8%

Shares of NYSE PINS opened at $27.20 on Friday. The firm has a market capitalization of $18.38 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 1.74 and a beta of 0.89. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The business has a fifty day simple moving average of $29.86 and a 200 day simple moving average of $33.53.

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

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.