Pinterest, Inc. $PINS Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its stake in Pinterest, Inc. (NYSE:PINS) by 54.0% during the first quarter, Holdings Channel.com reports. The fund owned 183,500 shares of the company’s stock after selling 215,392 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Pinterest were worth $3,365,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PINS. Revolve Wealth Partners LLC purchased a new position in shares of Pinterest during the 4th quarter worth approximately $252,000. Integrated Wealth Concepts LLC raised its position in Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after purchasing an additional 607 shares during the period. Empowered Funds LLC raised its position in Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after purchasing an additional 4,748 shares during the period. Sivia Capital Partners LLC lifted its stake in Pinterest by 39.5% during the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock worth $335,000 after purchasing an additional 2,649 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Pinterest during the second quarter worth $696,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Pinterest

In other news, Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $22.63, for a total transaction of $1,060,781.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 14,208 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total transaction of $279,187.20. Following the sale, the insider owned 691,840 shares in the company, valued at $13,594,656. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 323,845 shares of company stock worth $6,836,065 in the last ninety days. 8.09% of the stock is owned by corporate insiders.

Pinterest Stock Down 0.1%

Pinterest stock opened at $22.58 on Wednesday. The firm has a market capitalization of $12.65 billion, a P/E ratio of 47.04, a P/E/G ratio of 1.27 and a beta of 0.89. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $39.93. The stock’s fifty day simple moving average is $20.82 and its 200-day simple moving average is $20.82.

Pinterest (NYSE:PINS) last released its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. During the same period last year, the business posted $0.23 earnings per share. Pinterest’s revenue was up 17.8% compared to the same quarter last year. As a group, equities analysts expect that Pinterest, Inc. will post 0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PINS shares. Robert W. Baird lifted their price objective on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group reissued a “buy” rating and set a $28.00 target price on shares of Pinterest in a research note on Tuesday, May 5th. BMO Capital Markets reissued an “outperform” rating and set a $30.00 target price on shares of Pinterest in a research note on Tuesday, May 5th. Stifel Nicolaus raised their target price on Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Pinterest in a research report on Monday, June 22nd. Seventeen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.42.

Pinterest Company 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.