Bokf Na Boosts Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Bokf Na boosted its position in Pinterest, Inc. (NYSE:PINS) by 44.1% in the first quarter, Holdings Channel.com reports. The firm owned 148,429 shares of the company’s stock after acquiring an additional 45,413 shares during the quarter. Bokf Na’s holdings in Pinterest were worth $5,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Legacy Capital Group California Inc. lifted its holdings in shares of Pinterest by 1.7% in the 4th quarter. Legacy Capital Group California Inc. now owns 16,156 shares of the company’s stock valued at $598,000 after buying an additional 267 shares during the period. Venture Visionary Partners LLC boosted its position in shares of Pinterest by 0.7% during the 4th quarter. Venture Visionary Partners LLC now owns 49,028 shares of the company’s stock worth $1,816,000 after purchasing an additional 324 shares in the last quarter. Washington Trust Advisors Inc. grew its stake in shares of Pinterest by 46.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock worth $38,000 after purchasing an additional 326 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Pinterest by 40.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,306 shares of the company’s stock worth $48,000 after purchasing an additional 378 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of Pinterest by 17.7% in the 4th quarter. Allworth Financial LP now owns 2,856 shares of the company’s stock valued at $106,000 after purchasing an additional 430 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 11,627 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $41.42, for a total value of $481,590.34. Following the transaction, the insider now directly owns 307,256 shares in the company, valued at approximately $12,726,543.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $44.38, for a total transaction of $1,343,826.40. Following the transaction, the chief financial officer now owns 362,822 shares in the company, valued at approximately $16,102,040.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,627 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.42, for a total value of $481,590.34. Following the completion of the sale, the insider now owns 307,256 shares of the company’s stock, valued at $12,726,543.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,250 shares of company stock valued at $2,191,304. Company insiders own 7.11% of the company’s stock.

Pinterest Stock Down 0.9 %

Shares of PINS stock traded down $0.33 during trading hours on Friday, hitting $37.55. 10,960,656 shares of the company were exchanged, compared to its average volume of 6,675,600. Pinterest, Inc. has a 1 year low of $23.59 and a 1 year high of $45.19. The firm has a fifty day moving average of $42.30 and a 200 day moving average of $38.53. The firm has a market cap of $25.65 billion, a PE ratio of 178.82, a PEG ratio of 3.66 and a beta of 0.97.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. The company had revenue of $739.98 million for the quarter, compared to the consensus estimate of $699.96 million. Analysts expect that Pinterest, Inc. will post 0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

PINS has been the topic of several recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $48.00 target price (up from $45.00) on shares of Pinterest in a research report on Wednesday, May 1st. Wedbush reaffirmed a “neutral” rating and set a $46.00 price target on shares of Pinterest in a research note on Wednesday. Loop Capital increased their price objective on shares of Pinterest from $43.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Royal Bank of Canada lifted their target price on shares of Pinterest from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $52.00 price target on shares of Pinterest in a research report on Friday, June 14th. Nine equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and a consensus price target of $42.60.

About Pinterest

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.