Pinterest, Inc. $PINS Shares Bought by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 20.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,215 shares of the company’s stock after buying an additional 10,859 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Pinterest were worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its holdings in shares of Pinterest by 16.5% in the second quarter. TD Private Client Wealth LLC now owns 2,623 shares of the company’s stock valued at $94,000 after purchasing an additional 371 shares during the period. Riverpark Capital Management LLC increased its holdings in shares of Pinterest by 1.2% in the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company’s stock valued at $987,000 after purchasing an additional 377 shares during the period. Whittier Trust Co. increased its holdings in shares of Pinterest by 22.3% in the second quarter. Whittier Trust Co. now owns 2,088 shares of the company’s stock valued at $75,000 after purchasing an additional 381 shares during the period. Optas LLC increased its holdings in shares of Pinterest by 1.9% in the second quarter. Optas LLC now owns 23,315 shares of the company’s stock valued at $836,000 after purchasing an additional 442 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Pinterest by 18.6% in the first quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company’s stock valued at $96,000 after purchasing an additional 476 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PINS has been the topic of a number of research reports. Wall Street Zen lowered Pinterest from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. KeyCorp increased their price objective on Pinterest from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Bank of America increased their price objective on Pinterest from $41.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 8th. Benchmark increased their price objective on Pinterest from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Barclays upped their target price on Pinterest from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.67.

Pinterest Stock Up 1.7%

Shares of PINS opened at $33.08 on Friday. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The company has a market capitalization of $22.49 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.41 and a beta of 0.81. The stock’s 50-day moving average price is $34.29 and its 200-day moving average price is $33.65.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Tuesday, September 19th. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $665.93 million for the quarter. Pinterest had a return on equity of 8.44% and a net margin of 49.31%. As a group, equities analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total transaction of $40,250.00. Following the transaction, the director owned 30,600 shares in the company, valued at approximately $1,071,000. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Andrea Acosta sold 3,759 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $34.96, for a total value of $131,414.64. Following the transaction, the chief accounting officer owned 157,402 shares in the company, valued at $5,502,773.92. This represents a 2.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 640,236 shares of company stock worth $22,878,326. Company insiders own 7.06% of the company’s stock.

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.