Pinterest, Inc. (NYSE:PINS) Shares Sold by Bokf Na

Bokf Na cut its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 0.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 147,638 shares of the company’s stock after selling 791 shares during the quarter. Bokf Na’s holdings in Pinterest were worth $6,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PINS. Wellington Shields Capital Management LLC acquired a new position in Pinterest during the second quarter valued at $26,000. Hexagon Capital Partners LLC lifted its holdings in shares of Pinterest by 157.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after buying an additional 459 shares during the period. GAMMA Investing LLC boosted its stake in shares of Pinterest by 113.4% in the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after buying an additional 405 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Pinterest during the second quarter worth about $35,000. Finally, International Assets Investment Management LLC purchased a new position in Pinterest during the second quarter valued at approximately $40,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Price Performance

NYSE:PINS opened at $29.31 on Friday. The company’s 50-day moving average is $34.15 and its two-hundred day moving average is $37.00. Pinterest, Inc. has a 1-year low of $23.59 and a 1-year high of $45.19. The firm has a market capitalization of $20.11 billion, a price-to-earnings ratio of 139.58, a PEG ratio of 3.26 and a beta of 1.00.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Pinterest had a return on equity of 6.94% and a net margin of 5.75%. The firm had revenue of $853.68 million for the quarter, compared to analysts’ expectations of $848.75 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. As a group, equities analysts anticipate that Pinterest, Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Benchmark reaffirmed a “hold” rating on shares of Pinterest in a research note on Wednesday, July 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $48.00 price objective on shares of Pinterest in a research report on Wednesday, July 31st. Citigroup dropped their target price on Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Wells Fargo & Company lowered their price target on Pinterest from $49.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Finally, Barclays cut their price objective on Pinterest from $38.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and an average price target of $42.50.

Insider Buying and Selling

In other Pinterest news, CAO Andrea Acosta sold 2,564 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $45.00, for a total value of $115,380.00. Following the transaction, the chief accounting officer now owns 186,906 shares of the company’s stock, valued at $8,410,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Pinterest news, CAO Andrea Acosta sold 2,564 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $45.00, for a total value of $115,380.00. Following the sale, the chief accounting officer now owns 186,906 shares of the company’s stock, valued at $8,410,770. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $44.38, for a total value of $1,343,826.40. Following the transaction, the chief financial officer now owns 362,822 shares of the company’s stock, valued at $16,102,040.36. The disclosure for this sale can be found here. Corporate insiders own 7.11% of the company’s stock.

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.