Atria Investments Inc Purchases 4,433 Shares of Pinterest, Inc. $PINS

Atria Investments Inc lifted its position in Pinterest, Inc. (NYSE:PINS) by 11.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,957 shares of the company’s stock after buying an additional 4,433 shares during the quarter. Atria Investments Inc’s holdings in Pinterest were worth $1,576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. West Branch Capital LLC acquired a new stake in Pinterest during the 2nd quarter valued at $36,000. LRI Investments LLC lifted its holdings in Pinterest by 97.7% during the 1st quarter. LRI Investments LLC now owns 1,374 shares of the company’s stock valued at $43,000 after purchasing an additional 679 shares during the last quarter. Whittier Trust Co. lifted its holdings in Pinterest by 798.4% during the 1st quarter. Whittier Trust Co. now owns 1,707 shares of the company’s stock valued at $53,000 after purchasing an additional 1,517 shares during the last quarter. SVB Wealth LLC acquired a new stake in Pinterest during the 1st quarter valued at $56,000. Finally, Larson Financial Group LLC lifted its holdings in Pinterest by 1,773.5% during the 1st quarter. Larson Financial Group LLC now owns 1,836 shares of the company’s stock valued at $57,000 after purchasing an additional 1,738 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Sanford C. Bernstein cut their price target on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday. Wedbush dropped their target price on Pinterest from $44.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday. Guggenheim dropped their target price on Pinterest from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday. Stifel Nicolaus lifted their target price on Pinterest from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Wells Fargo & Company dropped their target price on Pinterest from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.23.

Pinterest Trading Down 21.8%

Shares of NYSE PINS opened at $25.75 on Thursday. The company has a market cap of $17.51 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.69 and a beta of 0.96. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The stock has a 50-day moving average price of $33.98 and a two-hundred day moving average price of $33.82.

Pinterest (NYSE:PINS) last issued its earnings results on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. The firm had revenue of $665.93 million during the quarter. Pinterest had a return on equity of 8.23% and a net margin of 48.99%. On average, sell-side analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total transaction of $3,558,613.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total value of $795,311.85. Following the sale, the chief financial officer owned 312,422 shares in the company, valued at approximately $10,887,906.70. This trade represents a 6.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 640,236 shares of company stock worth $22,878,326 in the last ninety days. 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.