Clarity Wealth Advisors LLC Sells 525 Shares of Pinterest, Inc. (NYSE:PINS)

Clarity Wealth Advisors LLC decreased its stake in Pinterest, Inc. (NYSE:PINS) by 6.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,060 shares of the company’s stock after selling 525 shares during the period. Clarity Wealth Advisors LLC’s holdings in Pinterest were worth $234,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Generate Investment Management Ltd increased its holdings in shares of Pinterest by 97.2% during the fourth quarter. Generate Investment Management Ltd now owns 406,016 shares of the company’s stock worth $11,774,000 after buying an additional 200,135 shares in the last quarter. Lecap Asset Management Ltd. acquired a new position in Pinterest during the 4th quarter worth about $1,811,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Pinterest by 1.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 121,474 shares of the company’s stock worth $3,523,000 after purchasing an additional 1,745 shares in the last quarter. Ninety One SA PTY Ltd grew its stake in shares of Pinterest by 12.9% during the fourth quarter. Ninety One SA PTY Ltd now owns 79,006 shares of the company’s stock valued at $2,291,000 after purchasing an additional 9,033 shares during the last quarter. Finally, Ninety One UK Ltd boosted its position in Pinterest by 5.4% in the 4th quarter. Ninety One UK Ltd now owns 5,471,613 shares of the company’s stock valued at $158,677,000 after buying an additional 278,362 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PINS. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price target (down previously from $40.00) on shares of Pinterest in a report on Monday, January 13th. TD Cowen assumed coverage on shares of Pinterest in a research report on Tuesday, November 26th. They set a “buy” rating and a $38.00 price target for the company. Oppenheimer increased their price objective on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday. Roth Mkm decreased their price objective on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Finally, Wedbush raised their price target on Pinterest from $38.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, Pinterest currently has an average rating of “Moderate Buy” and an average price target of $43.86.

Insiders Place Their Bets

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total value of $365,586.84. Following the sale, the insider now directly owns 246,921 shares in the company, valued at $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the sale, the director now directly owns 30,236 shares in the company, valued at $920,081.48. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,157 shares of company stock valued at $589,131. 7.11% of the stock is currently owned by insiders.

Pinterest Stock Up 19.1 %

Shares of NYSE:PINS opened at $40.02 on Friday. The firm has a market cap of $27.04 billion, a PE ratio of 14.88, a PEG ratio of 1.72 and a beta of 1.06. The company’s 50 day moving average price is $31.23 and its two-hundred day moving average price is $31.57. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 9.20%. On average, research analysts expect that Pinterest, Inc. will post 0.59 EPS for the current year.

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.