Pinterest, Inc. $PINS Shares Sold by Savant Capital LLC

Savant Capital LLC cut its position in shares of Pinterest, Inc. (NYSE:PINS) by 83.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,124 shares of the company’s stock after selling 73,257 shares during the quarter. Savant Capital LLC’s holdings in Pinterest were worth $366,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Snowden Capital Advisors LLC raised its holdings in Pinterest by 4.4% during the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after purchasing an additional 296 shares during the last quarter. EP Wealth Advisors LLC increased its position in Pinterest by 3.9% during the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after buying an additional 358 shares in the last quarter. Central Pacific Bank Trust Division increased its position in Pinterest by 0.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock worth $2,484,000 after buying an additional 464 shares in the last quarter. Simon Quick Advisors LLC increased its position in Pinterest by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock worth $265,000 after buying an additional 535 shares in the last quarter. Finally, Coyle Financial Counsel LLC increased its position in Pinterest by 5.8% during the third quarter. Coyle Financial Counsel LLC now owns 10,002 shares of the company’s stock worth $322,000 after buying an additional 551 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Key Pinterest News

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest’s expanded AWS deal should help support its AI roadmap, improve search and personalization, and potentially strengthen engagement and ad revenue over time. Pinterest Works with AWS to Power Next Chapter of AI-Driven Visual Search Discovery
• Positive Sentiment: Analysts turned more constructive after Pinterest’s strong first quarter, with Oppenheimer raising its price target to $30 and maintaining an Outperform rating, reinforcing bullish sentiment around the stock. Here is Why Pinterest (PINS) is One of the Best Large Cap Stocks Under $30
• Neutral Sentiment: Director Benjamin Silbermann sold 46,875 shares in a pre-arranged Rule 10b5-1 plan, which may weigh on sentiment a bit but does not necessarily reflect a change in outlook. Insider Selling: Pinterest (NYSE:PINS) Director Sells 46,875 Shares of Stock
• Neutral Sentiment: Some recent commentary noted Pinterest had been under pressure after earnings, but the AWS expansion is now the more important near-term catalyst for the stock. Pinterest signs $4 billion Amazon deal for cloud services

Analysts Set New Price Targets

Several equities analysts have weighed in on PINS shares. Bank of America reissued a “neutral” rating and set a $19.00 price target (down from $39.00) on shares of Pinterest in a research report on Friday, February 13th. Benchmark dropped their price target on Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Loop Capital downgraded Pinterest from a “buy” rating to a “hold” rating and dropped their price target for the stock from $45.00 to $18.00 in a research report on Friday, February 13th. Guggenheim raised their price target on Pinterest from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Wedbush dropped their price target on Pinterest from $30.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Sixteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.40.

Insider Activity

In related news, Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $20.50, for a total value of $960,937.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the transaction, the director directly owned 27,450 shares in the company, valued at $549,000. This trade represents a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 77,362 shares of company stock valued at $1,583,253. Company insiders own 8.09% of the company’s stock.

Pinterest Price Performance

PINS stock opened at $21.36 on Friday. The stock has a 50-day moving average price of $19.64 and a two-hundred day moving average price of $21.77. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The company has a market cap of $11.97 billion, a PE ratio of 44.50, a price-to-earnings-growth ratio of 1.17 and a beta of 0.92.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, research analysts predict that Pinterest, Inc. will post 0.68 EPS for the current year.

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.