Pinterest, Inc. $PINS Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership decreased its position in shares of Pinterest, Inc. (NYSE:PINS) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,400,895 shares of the company’s stock after selling 76,734 shares during the period. Artisan Partners Limited Partnership owned about 0.21% of Pinterest worth $45,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Snowden Capital Advisors LLC lifted its position in shares of Pinterest by 4.4% during the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after purchasing an additional 296 shares in the last quarter. Penserra Capital Management LLC increased its stake in Pinterest by 10.1% during the 2nd quarter. Penserra Capital Management LLC now owns 3,259 shares of the company’s stock worth $115,000 after buying an additional 300 shares during the period. EP Wealth Advisors LLC lifted its holdings in Pinterest by 3.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after buying an additional 358 shares in the last quarter. Baltimore Washington Financial Advisors Inc. lifted its holdings in Pinterest by 3.6% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock worth $369,000 after buying an additional 359 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC boosted its position in Pinterest by 5.8% in the 2nd quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock valued at $237,000 after buying an additional 361 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PINS has been the topic of a number of recent research reports. Cantor Fitzgerald set a $18.00 price objective on Pinterest in a research report on Friday, February 13th. Rosenblatt Securities cut their price target on Pinterest from $30.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Robert W. Baird reaffirmed a “neutral” rating and issued a $20.00 price target (down from $35.00) on shares of Pinterest in a research report on Friday, February 13th. The Goldman Sachs Group reissued a “buy” rating and set a $23.00 price objective on shares of Pinterest in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Pinterest from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eighteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.87.

Pinterest Stock Performance

Shares of NYSE PINS opened at $17.11 on Friday. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The firm has a market capitalization of $11.38 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92. The stock’s 50-day simple moving average is $22.74 and its 200-day simple moving average is $28.47.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $0.56 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, sell-side analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Malik Ducard sold 6,000 shares of Pinterest stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $155,160.00. Following the sale, the insider directly owned 699,773 shares in the company, valued at $18,096,129.78. This trade represents a 0.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $590,151.06. Following the completion of the sale, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at approximately $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,407 shares of company stock worth $855,925 over the last ninety days. Insiders own 7.06% of the company’s stock.

Pinterest Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.