TD Private Client Wealth LLC Sells 383 Shares of Pinterest, Inc. (NYSE:PINS)

TD Private Client Wealth LLC lessened its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 15.8% during the fourth quarter, Holdings Channel reports. The firm owned 2,048 shares of the company’s stock after selling 383 shares during the quarter. TD Private Client Wealth LLC’s holdings in Pinterest were worth $59,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. raised its holdings in shares of Pinterest by 3.7% during the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after acquiring an additional 339 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Pinterest by 2.8% in the 4th 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 purchasing an additional 342 shares in the last quarter. Ethos Financial Group LLC lifted its position in shares of Pinterest by 3.1% in the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock worth $342,000 after purchasing an additional 350 shares during the period. Amalgamated Bank boosted its stake 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 purchasing an additional 372 shares in the last quarter. Finally, Commerce Bank increased its position in shares of Pinterest by 3.3% during the third quarter. Commerce Bank now owns 11,868 shares of the company’s stock valued at $384,000 after buying an additional 378 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Monness Crespi & Hardt upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Friday, January 10th. Royal Bank of Canada raised their target price on Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company upped their price target on Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Piper Sandler reiterated a “neutral” rating and issued a $41.00 price objective (up previously from $36.00) on shares of Pinterest in a report on Friday, February 7th. Finally, KeyCorp dropped their target price on shares of Pinterest from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, Pinterest has an average rating of “Moderate Buy” and an average target price of $43.33.

Pinterest Stock Up 1.9 %

Shares of PINS stock opened at $34.68 on Wednesday. The firm has a market capitalization of $23.52 billion, a PE ratio of 12.89, a P/E/G ratio of 1.95 and a beta of 1.02. The company has a 50 day moving average price of $34.56 and a 200-day moving average price of $32.35. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19.

Pinterest (NYSE:PINS) last announced 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 net margin of 51.07% and a return on equity of 8.10%. Analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Activity at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the transaction, the director now directly owns 29,086 shares in the company, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the sale, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $195,497.84. The trade was a 94.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 237,417 shares of company stock worth $7,803,946. 7.11% of the stock is owned by insiders.

Pinterest Company 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.