SWS Partners Sells 2,150 Shares of Pinterest, Inc. (NYSE:PINS)

SWS Partners lessened its position in shares of Pinterest, Inc. (NYSE:PINS) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,788 shares of the company’s stock after selling 2,150 shares during the period. Pinterest makes up about 1.3% of SWS Partners’ portfolio, making the stock its 17th largest holding. SWS Partners’ holdings in Pinterest were worth $4,265,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC bought a new position in Pinterest in the fourth quarter valued at about $27,000. Rakuten Securities Inc. acquired a new stake in Pinterest in the fourth quarter valued at approximately $30,000. Hexagon Capital Partners LLC grew its stake in shares of Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after buying an additional 459 shares during the last quarter. Quent Capital LLC grew its stake in shares of Pinterest by 71.2% during the first quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock worth $38,000 after buying an additional 460 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Pinterest during the fourth quarter worth $43,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Stock Up 4.8 %

NYSE:PINS traded up $1.40 during trading hours on Thursday, reaching $30.68. The company had a trading volume of 14,356,449 shares, compared to its average volume of 9,959,310. Pinterest, Inc. has a twelve month low of $23.59 and a twelve month high of $45.19. The firm has a market cap of $21.05 billion, a price-to-earnings ratio of 146.10, a P/E/G ratio of 3.22 and a beta of 0.97. The business’s 50-day simple moving average is $39.26 and its two-hundred day simple moving average is $37.90.

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

Insider Buying and Selling at Pinterest

In related news, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $44.38, for a total transaction of $1,343,826.40. Following the completion of the sale, the chief financial officer now owns 362,822 shares in the company, valued at $16,102,040.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction dated 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 directly owns 362,822 shares in the company, valued at $16,102,040.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Andrea Acosta sold 2,564 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $45.00, for a total transaction of $115,380.00. Following the completion of the sale, the chief accounting officer now directly owns 186,906 shares of the company’s stock, valued at $8,410,770. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,316 shares of company stock worth $2,109,592. Insiders own 7.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PINS. Wolfe Research began coverage on Pinterest in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Citigroup cut their price target on Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. UBS Group reduced their price target on Pinterest from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Barclays dropped their price objective on shares of Pinterest from $38.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, July 31st. Finally, Robert W. Baird cut their target price on shares of Pinterest from $44.00 to $41.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.71.

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.