Quantinno Capital Management LP Purchases 70,243 Shares of Pinterest, Inc. $PINS

Quantinno Capital Management LP raised its position in Pinterest, Inc. (NYSE:PINS) by 6.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,125,751 shares of the company’s stock after buying an additional 70,243 shares during the period. Quantinno Capital Management LP’s holdings in Pinterest were worth $20,646,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Snowden Capital Advisors LLC boosted its holdings in shares of Pinterest by 4.4% in the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after acquiring an additional 296 shares in the last quarter. EP Wealth Advisors LLC raised 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 valued at $340,000 after purchasing an additional 358 shares during the last quarter. Simon Quick Advisors LLC raised its position in Pinterest by 5.5% in the 4th quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock valued at $265,000 after purchasing an additional 535 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Pinterest by 2.2% in the fourth quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock worth $684,000 after purchasing an additional 560 shares in the last quarter. Finally, Coyle Financial Counsel LLC boosted its stake in Pinterest by 5.9% in the fourth quarter. Coyle Financial Counsel LLC now owns 10,589 shares of the company’s stock worth $274,000 after purchasing an additional 587 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Insider Activity

In other Pinterest news, Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $22.54, for a total transaction of $1,056,562.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 14,208 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total transaction of $279,187.20. Following the completion of the transaction, the insider directly owned 691,840 shares in the company, valued at $13,594,656. This trade represents a 2.01% decrease in their position. 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 have sold a total of 370,720 shares of company stock valued at $7,892,627 over the last three months. Company insiders own 8.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on PINS. Stifel Nicolaus increased their target price on Pinterest from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Wedbush initiated coverage on Pinterest in a report on Thursday, July 16th. They issued a “neutral” rating and a $24.00 price target for the company. Oppenheimer upped their price target on shares of Pinterest from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Mizuho increased their price objective on shares of Pinterest from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Pinterest from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Seventeen investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Pinterest presently has an average rating of “Hold” and a consensus target price of $27.69.

Pinterest Stock Down 1.3%

NYSE PINS opened at $24.11 on Friday. The stock has a fifty day moving average of $21.70 and a 200-day moving average of $20.58. The stock has a market capitalization of $13.50 billion, a P/E ratio of 50.23, a price-to-earnings-growth ratio of 1.37 and a beta of 0.89. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, equities research analysts forecast that Pinterest, Inc. will post 0.63 EPS for the current year.

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.