Knights of Columbus Asset Advisors LLC Has $1.10 Million Stock Position in Pinterest, Inc. (NYSE:PINS)

Knights of Columbus Asset Advisors LLC lifted its position in shares of Pinterest, Inc. (NYSE:PINS) by 104.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,516 shares of the company’s stock after buying an additional 11,016 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Pinterest were worth $1,096,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Baltimore Washington Financial Advisors Inc. raised its stake in Pinterest by 513,820.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 725,142,379 shares of the company’s stock valued at $7,291,000 after purchasing an additional 725,001,279 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Pinterest by 139.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 46,509,174 shares of the company’s stock valued at $3,671,899,000 after purchasing an additional 27,066,282 shares in the last quarter. Vanguard Group Inc. raised its stake in Pinterest by 3.4% in the second quarter. Vanguard Group Inc. now owns 40,181,733 shares of the company’s stock valued at $3,172,348,000 after purchasing an additional 1,330,673 shares in the last quarter. BlackRock Inc. raised its stake in Pinterest by 5.8% in the second quarter. BlackRock Inc. now owns 32,503,962 shares of the company’s stock valued at $2,566,187,000 after purchasing an additional 1,795,991 shares in the last quarter. Finally, Morgan Stanley raised its stake in Pinterest by 5.4% in the second quarter. Morgan Stanley now owns 29,235,157 shares of the company’s stock valued at $2,308,115,000 after purchasing an additional 1,487,797 shares in the last quarter.

Shares of PINS stock opened at $32.83 on Friday. Pinterest, Inc. has a one year low of $31.01 and a one year high of $89.90. The business’s 50 day simple moving average is $38.87 and its 200 day simple moving average is $51.97. The stock has a market capitalization of $21.41 billion, a PE ratio of 64.37, a PEG ratio of 0.78 and a beta of 1.09.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, November 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.05. Pinterest had a return on equity of 15.19% and a net margin of 14.35%. The firm had revenue of $632.90 million for the quarter, compared to analyst estimates of $631.10 million. During the same period in the previous year, the firm earned ($0.02) earnings per share. The company’s revenue was up 43.0% compared to the same quarter last year. Sell-side analysts predict that Pinterest, Inc. will post 0.51 earnings per share for the current year.

In other Pinterest news, CEO Benjamin Silbermann sold 58,857 shares of the business’s stock in a transaction that occurred on Thursday, October 21st. The stock was sold at an average price of $61.66, for a total value of $3,629,122.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Evan Sharp sold 62,428 shares of the business’s stock in a transaction that occurred on Thursday, October 21st. The shares were sold at an average price of $61.68, for a total value of $3,850,559.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 442,027 shares of company stock worth $21,129,208. Insiders own 8.45% of the company’s stock.

PINS has been the topic of a number of recent analyst reports. Barclays decreased their target price on Pinterest from $61.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, November 5th. Credit Suisse Group decreased their target price on Pinterest from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, November 5th. MKM Partners decreased their target price on Pinterest from $74.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, November 8th. Zacks Investment Research cut Pinterest from a “strong-buy” rating to a “hold” rating and set a $55.00 target price on the stock. in a research report on Wednesday, September 29th. Finally, DA Davidson decreased their target price on Pinterest from $76.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, November 5th. They noted that the move was a valuation call. Seventeen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.50.

Pinterest Profile

Pinterest, Inc engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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