Bordeaux Wealth Advisors LLC Sells 39,045 Shares of Pinterest, Inc. (NYSE:PINS)

Bordeaux Wealth Advisors LLC cut its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 30.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,474 shares of the company’s stock after selling 39,045 shares during the quarter. Pinterest accounts for 1.1% of Bordeaux Wealth Advisors LLC’s holdings, making the stock its 15th largest position. Bordeaux Wealth Advisors LLC’s holdings in Pinterest were worth $3,314,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC bought a new position in Pinterest in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. bought a new position in Pinterest in the fourth quarter valued at approximately $30,000. Washington Trust Advisors Inc. increased its stake in Pinterest by 46.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after acquiring an additional 326 shares during the last quarter. Clear Street Markets LLC bought a new position in Pinterest in the third quarter valued at approximately $41,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Pinterest in the fourth quarter valued at approximately $43,000. 88.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Pinterest

In other news, insider Sabrina Ellis sold 24,410 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total transaction of $866,310.90. Following the completion of the sale, the insider now directly owns 500,504 shares of the company’s stock, valued at $17,762,886.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the sale, the chief financial officer now directly owns 392,829 shares of the company’s stock, valued at $13,521,174.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sabrina Ellis sold 24,410 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total transaction of $866,310.90. Following the sale, the insider now directly owns 500,504 shares of the company’s stock, valued at $17,762,886.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,471 shares of company stock valued at $5,773,431. Corporate insiders own 7.11% of the company’s stock.

Pinterest Stock Up 0.1 %

PINS traded up $0.04 during midday trading on Thursday, hitting $40.52. The company had a trading volume of 21,232,575 shares, compared to its average volume of 10,162,805. Pinterest, Inc. has a 52 week low of $20.60 and a 52 week high of $41.60. The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of 192.39, a PEG ratio of 4.58 and a beta of 0.99. The stock’s 50 day moving average price is $34.60 and its 200 day moving average price is $34.40.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. Pinterest had a net margin of 4.64% and a return on equity of 6.08%. The firm had revenue of $981.26 million during the quarter, compared to the consensus estimate of $988.62 million. Research analysts predict that Pinterest, Inc. will post 0.36 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on PINS. Stifel Nicolaus raised their target price on shares of Pinterest from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company raised their target price on shares of Pinterest from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday. BMO Capital Markets raised their target price on shares of Pinterest from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday. Roth Mkm raised their target price on shares of Pinterest from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Sanford C. Bernstein raised their target price on shares of Pinterest from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and an average price target of $40.82.

About Pinterest

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.