Burney Co. Takes Position in Pinterest, Inc. $PINS

Burney Co. bought a new stake in Pinterest, Inc. (NYSE:PINS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 93,561 shares of the company’s stock, valued at approximately $3,355,000.

Other large investors also recently modified their holdings of the company. West Branch Capital LLC bought a new position in shares of Pinterest in the second quarter valued at approximately $36,000. LRI Investments LLC lifted its holdings in shares of Pinterest by 97.7% in the first quarter. LRI Investments LLC now owns 1,374 shares of the company’s stock valued at $43,000 after purchasing an additional 679 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Pinterest by 138.9% in 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 in the last quarter. Whittier Trust Co. lifted its holdings in shares of Pinterest by 798.4% in the first quarter. Whittier Trust Co. now owns 1,707 shares of the company’s stock valued at $53,000 after purchasing an additional 1,517 shares in 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 own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,759 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $34.96, for a total value of $131,414.64. Following the completion of the sale, the chief accounting officer directly owned 157,402 shares of the company’s stock, valued at $5,502,773.92. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total value of $3,558,613.38. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 640,236 shares of company stock valued at $22,878,326. Corporate insiders own 7.11% of the company’s stock.

Pinterest Price Performance

NYSE:PINS opened at $33.74 on Tuesday. The business has a fifty day simple moving average of $34.26 and a two-hundred day simple moving average of $33.82. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The company has a market capitalization of $22.94 billion, a P/E ratio of 12.09, a P/E/G ratio of 1.70 and a beta of 0.96.

Pinterest (NYSE:PINS) last released its earnings results on Tuesday, September 19th. The company reported $0.11 earnings per share (EPS) for the quarter. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The business had revenue of $665.93 million during the quarter. As a group, analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered Pinterest from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Susquehanna reaffirmed a “positive” rating and set a $42.00 price target on shares of Pinterest in a research report on Friday, August 8th. UBS Group increased their price target on Pinterest from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Bank of America increased their price target on Pinterest from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Barclays increased their price target on Pinterest from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Pinterest currently has an average rating of “Moderate Buy” and an average price target of $42.67.

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.