Probity Advisors Inc. Has $352,000 Stock Position in Pinterest, Inc. (NYSE:PINS)

Probity Advisors Inc. lifted its stake in Pinterest, Inc. (NYSE:PINS) by 86.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,138 shares of the company’s stock after acquiring an additional 5,614 shares during the quarter. Probity Advisors Inc.’s holdings in Pinterest were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Siemens Fonds Invest GmbH increased its position in shares of Pinterest by 679.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 48,408 shares of the company’s stock valued at $1,404,000 after acquiring an additional 42,197 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Pinterest during the fourth quarter worth about $6,747,000. Forum Financial Management LP grew its holdings in Pinterest by 69.2% during the fourth quarter. Forum Financial Management LP now owns 14,854 shares of the company’s stock worth $431,000 after purchasing an additional 6,074 shares during the period. Toronto Dominion Bank grew its holdings in Pinterest by 4.4% during the fourth quarter. Toronto Dominion Bank now owns 81,252 shares of the company’s stock worth $2,356,000 after purchasing an additional 3,410 shares during the period. Finally, Cache Advisors LLC bought a new position in Pinterest during the fourth quarter worth about $261,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity

In other news, Director Jeremy S. Levine sold 50,535 shares of Pinterest stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $33.98, for a total transaction of $1,717,179.30. Following the sale, the director now owns 1,156,693 shares of the company’s stock, valued at approximately $39,304,428.14. The trade was a 4.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Benjamin Silbermann sold 408,332 shares of the business’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total transaction of $13,540,289.12. Following the sale, the director now directly owns 6,274 shares in the company, valued at $208,045.84. The trade was a 98.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 964,343 shares of company stock valued at $31,622,701. Corporate insiders own 7.06% of the company’s stock.

Pinterest Trading Up 1.8%

PINS stock opened at $31.46 on Wednesday. The firm’s 50-day moving average price is $28.72 and its two-hundred day moving average price is $31.19. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $45.19. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.95 and a beta of 0.83.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. Equities analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PINS shares. Stifel Nicolaus reduced their price objective on Pinterest from $50.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. UBS Group reduced their price objective on Pinterest from $50.00 to $39.00 and set a “buy” rating for the company in a report on Friday, April 11th. Citigroup boosted their price objective on Pinterest from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 9th. TD Cowen reduced their price objective on Pinterest from $46.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Wedbush restated an “outperform” rating and set a $40.00 price objective (up previously from $38.00) on shares of Pinterest in a report on Friday, May 9th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and an average price target of $40.26.

Pinterest 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.