US Bancorp DE Sells 3,818 Shares of Pinterest, Inc. (NYSE:PINS)

US Bancorp DE reduced its position in Pinterest, Inc. (NYSE:PINSGet Rating) by 14.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,425 shares of the company’s stock after selling 3,818 shares during the quarter. US Bancorp DE’s holdings in Pinterest were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Cohanzick Management LLC purchased a new position in shares of Pinterest in the first quarter worth $25,000. Allworth Financial LP lifted its holdings in shares of Pinterest by 134.4% in the second quarter. Allworth Financial LP now owns 1,390 shares of the company’s stock worth $25,000 after buying an additional 797 shares in the last quarter. Castleview Partners LLC lifted its holdings in shares of Pinterest by 1,716.0% in the second quarter. Castleview Partners LLC now owns 1,816 shares of the company’s stock worth $100,000 after buying an additional 1,716 shares in the last quarter. Stonebridge Capital Advisors LLC lifted its holdings in shares of Pinterest by 5,138.9% in the first quarter. Stonebridge Capital Advisors LLC now owns 1,886 shares of the company’s stock worth $46,000 after buying an additional 1,850 shares in the last quarter. Finally, Activest Wealth Management lifted its holdings in shares of Pinterest by 1,994.8% in the third quarter. Activest Wealth Management now owns 2,032 shares of the company’s stock worth $47,000 after buying an additional 1,935 shares in the last quarter. 71.95% of the stock is currently owned by institutional investors.

Pinterest Stock Down 0.6 %

PINS stock opened at $26.60 on Friday. The firm has a 50 day moving average of $24.77 and a 200 day moving average of $23.23. The stock has a market capitalization of $18.04 billion, a PE ratio of 380.05 and a beta of 0.97. Pinterest, Inc. has a 52 week low of $16.14 and a 52 week high of $31.53.

Pinterest (NYSE:PINSGet Rating) last released its earnings results on Thursday, October 27th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The company had revenue of $684.55 million during the quarter, compared to analysts’ expectations of $664.97 million. Pinterest had a net margin of 2.21% and a return on equity of 3.10%. On average, equities research analysts expect that Pinterest, Inc. will post -0.11 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Benjamin Silbermann sold 23,704 shares of Pinterest stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of $26.50, for a total value of $628,156.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Pinterest news, Director Jeffrey D. Jordan sold 7,500 shares of Pinterest stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $25.23, for a total transaction of $189,225.00. Following the completion of the sale, the director now directly owns 214,215 shares in the company, valued at approximately $5,404,644.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Benjamin Silbermann sold 23,704 shares of Pinterest stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of $26.50, for a total transaction of $628,156.00. The disclosure for this sale can be found here. Insiders sold 2,596,714 shares of company stock worth $63,584,714 in the last three months. Corporate insiders own 7.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PINS shares. Credit Suisse Group decreased their price target on shares of Pinterest from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, October 28th. Morgan Stanley upped their price target on shares of Pinterest from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday. Citigroup upped their price target on shares of Pinterest from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, October 31st. The Goldman Sachs Group raised shares of Pinterest from a “neutral” rating to a “buy” rating and upped their price target for the company from $24.00 to $31.00 in a research note on Wednesday, October 5th. Finally, Rosenblatt Securities upped their price target on shares of Pinterest from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, November 15th. Fifteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.88.

Pinterest Profile

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Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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