Tufton Capital Management Purchases 2,380 Shares of Pinterest, Inc. (NYSE:PINS)

Tufton Capital Management lifted its position in Pinterest, Inc. (NYSE:PINS) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,685 shares of the company’s stock after buying an additional 2,380 shares during the quarter. Tufton Capital Management’s holdings in Pinterest were worth $774,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in Pinterest during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC grew its holdings in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares during the last quarter. Crewe Advisors LLC grew its holdings in Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after purchasing an additional 550 shares during the last quarter. True Wealth Design LLC grew its holdings in Pinterest by 8,261.1% during the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after purchasing an additional 1,487 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after purchasing an additional 590 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at $5,399,072.34. The trade was a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the completion of the transaction, the director now owns 30,236 shares in the company, valued at approximately $920,081.48. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,117 shares of company stock valued at $253,056 over the last 90 days. 7.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wells Fargo & Company increased their price target on Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Sanford C. Bernstein upgraded shares of Pinterest from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $47.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their price objective on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. TD Cowen began coverage on shares of Pinterest in a research note on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, Barclays raised their price objective on shares of Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and an average target price of $43.47.

Pinterest Stock Down 1.9 %

Pinterest stock opened at $36.20 on Friday. The stock has a market capitalization of $24.55 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.95 and a beta of 1.06. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The company has a 50 day moving average of $33.44 and a 200-day moving average of $32.05.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. Equities analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

About Pinterest

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.