Scott & Selber Inc. Has $2.76 Million Stake in Pinterest, Inc. $PINS

Scott & Selber Inc. raised its position in shares of Pinterest, Inc. (NYSE:PINS) by 53.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,468 shares of the company’s stock after acquiring an additional 37,253 shares during the period. Scott & Selber Inc.’s holdings in Pinterest were worth $2,756,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Snowden Capital Advisors LLC boosted its stake in Pinterest by 4.4% during the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock valued at $253,000 after purchasing an additional 296 shares during the period. EP Wealth Advisors LLC increased its position in Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after buying an additional 358 shares during the period. Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of Pinterest by 3.6% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock worth $369,000 after buying an additional 359 shares during the last quarter. Dynamic Wealth Strategies LLC lifted its holdings in shares of Pinterest by 5.8% during the second quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock worth $237,000 after buying an additional 361 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Pinterest by 22.2% in the third quarter. GAMMA Investing LLC now owns 2,143 shares of the company’s stock valued at $69,000 after acquiring an additional 389 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Pinterest Trading Up 1.4%

Shares of NYSE PINS opened at $18.94 on Tuesday. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 1.22 and a beta of 0.93. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The business has a fifty day simple moving average of $20.34 and a 200 day simple moving average of $26.48.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. On average, research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $590,151.06. Following the completion of the transaction, the chief financial officer owned 540,358 shares of the company’s stock, valued at $13,973,657.88. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Malik Ducard sold 6,000 shares of Pinterest stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $155,160.00. Following the sale, the insider directly owned 699,773 shares in the company, valued at $18,096,129.78. The trade was a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 34,457 shares of company stock valued at $876,925 in the last three months. Company insiders own 7.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $20.00 price objective on shares of Pinterest in a research note on Friday, February 13th. BMO Capital Markets set a $28.00 price target on shares of Pinterest and gave the company an “outperform” rating in a report on Friday, February 13th. TD Cowen decreased their price target on shares of Pinterest from $44.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. HSBC downgraded shares of Pinterest from a “buy” rating to a “hold” rating and set a $24.90 price objective on the stock. in a report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pinterest in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have assigned a Hold rating to the company. According to MarketBeat.com, Pinterest currently has an average rating of “Hold” and an average target price of $25.87.

Pinterest Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.