TD Private Client Wealth LLC Decreases Holdings in Pinterest, Inc. (NYSE:PINS)

TD Private Client Wealth LLC decreased its stake in Pinterest, Inc. (NYSE:PINS) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,048 shares of the company’s stock after selling 383 shares during the period. TD Private Client Wealth LLC’s holdings in Pinterest were worth $59,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its holdings in shares of Pinterest by 3.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock worth $304,000 after purchasing an additional 339 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Pinterest by 2.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock worth $366,000 after buying an additional 342 shares during the last quarter. Ethos Financial Group LLC raised its stake in shares of Pinterest by 3.1% in the fourth quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock valued at $342,000 after buying an additional 350 shares during the period. Amalgamated Bank lifted its position in shares of Pinterest by 0.9% during the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock valued at $1,154,000 after buying an additional 372 shares during the last quarter. Finally, Commerce Bank grew its stake in shares of Pinterest by 3.3% during the 3rd quarter. Commerce Bank now owns 11,868 shares of the company’s stock worth $384,000 after acquiring an additional 378 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the completion of the sale, the director now owns 29,086 shares of the company’s stock, valued at approximately $1,139,880.34. The trade was a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $32.85, for a total value of $219,766.50. Following the transaction, the insider now owns 254,211 shares in the company, valued at approximately $8,350,831.35. The trade was a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 237,417 shares of company stock valued at $7,803,946. Corporate insiders own 7.11% of the company’s stock.

Pinterest Stock Up 1.9 %

Shares of PINS stock opened at $34.68 on Wednesday. The business has a 50-day moving average price of $34.56 and a two-hundred day moving average price of $32.35. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The firm has a market cap of $23.52 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last released 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 return on equity of 8.10% and a net margin of 51.07%. As a group, research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on PINS. Sanford C. Bernstein raised shares of Pinterest from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $34.00 to $47.00 in a report on Friday, February 7th. Morgan Stanley upped their price target on shares of Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Oppenheimer lifted their price objective on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Royal Bank of Canada increased their target price on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, KeyCorp reduced their price target on Pinterest from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

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.