Pinterest, Inc. $PINS Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. decreased its position in shares of Pinterest, Inc. (NYSE:PINS) by 78.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,938 shares of the company’s stock after selling 47,793 shares during the period. Fox Run Management L.L.C.’s holdings in Pinterest were worth $416,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new stake in shares of Pinterest during the fourth quarter valued at about $252,000. Integrated Wealth Concepts LLC lifted its stake in shares of Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock worth $339,000 after acquiring an additional 607 shares in the last quarter. Empowered Funds LLC boosted its holdings in Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after purchasing an additional 4,748 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Pinterest by 39.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after purchasing an additional 2,649 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Pinterest by 18.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 794,630 shares of the company’s stock valued at $28,495,000 after purchasing an additional 124,498 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Stock Performance

Shares of NYSE:PINS opened at $17.11 on Monday. The company’s fifty day moving average is $22.74 and its two-hundred day moving average is $28.42. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93.

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

Insider Activity at Pinterest

In related news, insider Malik Ducard sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $155,160.00. Following the completion of the transaction, the insider owned 699,773 shares in the company, valued at $18,096,129.78. The trade was a 0.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the completion of the sale, the chief financial officer directly owned 540,358 shares in the company, valued at $13,973,657.88. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,407 shares of company stock valued at $855,925 over the last ninety days. Corporate insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PINS. Wells Fargo & Company cut their target price on Pinterest from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. TD Cowen dropped their price target on shares of Pinterest from $44.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Barclays reduced their price objective on shares of Pinterest from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft lowered shares of Pinterest from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Friday, February 13th. Finally, Stifel Nicolaus dropped their target price on shares of Pinterest from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eighteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.87.

About Pinterest

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.