Sanctuary Advisors LLC Lowers Stock Position in Pinterest, Inc. $PINS

Sanctuary Advisors LLC trimmed its position in shares of Pinterest, Inc. (NYSE:PINS) by 34.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,759 shares of the company’s stock after selling 26,293 shares during the period. Sanctuary Advisors LLC’s holdings in Pinterest were worth $913,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PINS. Revolve Wealth Partners LLC acquired a new stake in Pinterest during the fourth quarter worth about $252,000. Integrated Wealth Concepts LLC grew its holdings in shares of Pinterest by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock worth $339,000 after purchasing an additional 607 shares during the period. Empowered Funds LLC grew its holdings in shares of Pinterest by 45.6% during the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after purchasing an additional 4,748 shares during the period. Sivia Capital Partners LLC increased its position in Pinterest by 39.5% during the 2nd 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 stake in Pinterest during the 2nd quarter worth approximately $696,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $22.63, for a total transaction of $1,060,781.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 27,337 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $20.46, for a total transaction of $559,315.02. Following the completion of the sale, the insider directly owned 724,673 shares in the company, valued at approximately $14,826,809.58. This trade represents a 3.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 323,845 shares of company stock valued at $6,836,065. Corporate insiders own 8.09% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Benchmark dropped their target price on Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company increased their price objective on shares of Pinterest from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. TD Cowen reissued a “buy” rating on shares of Pinterest in a report on Monday, June 22nd. Citigroup boosted their target price on shares of Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, UBS Group upped their target price on shares of Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.69.

Pinterest Stock Up 1.3%

NYSE:PINS opened at $22.18 on Friday. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $21.20 and a 200-day moving average of $20.68. The firm has a market capitalization of $12.43 billion, a PE ratio of 46.22, a price-to-earnings-growth ratio of 1.26 and a beta of 0.89. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $965.84 million. During the same quarter last year, the business posted $0.23 EPS. The business’s revenue was up 17.8% on a year-over-year basis. Analysts predict that Pinterest, Inc. will post 0.65 EPS for the current year.

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.