Uhlmann Price Securities LLC Has $1.08 Million Stock Holdings in Pinterest, Inc. $PINS

Uhlmann Price Securities LLC boosted its stake in shares of Pinterest, Inc. (NYSE:PINS) by 193.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 30,145 shares of the company’s stock after buying an additional 19,875 shares during the quarter. Uhlmann Price Securities LLC’s holdings in Pinterest were worth $1,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Pinterest by 2.2% in the first quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company’s stock valued at $1,798,270,000 after buying an additional 1,263,863 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Pinterest by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company’s stock valued at $988,662,000 after buying an additional 6,460,143 shares during the period. Ameriprise Financial Inc. raised its stake in Pinterest by 13.7% in the first quarter. Ameriprise Financial Inc. now owns 15,498,454 shares of the company’s stock valued at $480,452,000 after buying an additional 1,862,654 shares during the period. Amundi raised its stake in Pinterest by 618.9% in the first quarter. Amundi now owns 14,254,741 shares of the company’s stock valued at $441,897,000 after buying an additional 12,271,958 shares during the period. Finally, Swedbank AB raised its stake in Pinterest by 27.3% in the second quarter. Swedbank AB now owns 7,430,885 shares of the company’s stock valued at $266,472,000 after buying an additional 1,591,400 shares during the period. Institutional investors own 88.81% of the company’s stock.

Pinterest Trading Down 0.6%

Shares of NYSE PINS opened at $32.41 on Monday. The firm has a market cap of $22.04 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 1.36 and a beta of 0.81. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The business’s 50 day moving average is $34.70 and its 200-day moving average is $33.19.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $665.93 million for the quarter. Analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling

In other Pinterest news, CAO Andrea Acosta sold 3,759 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $34.96, for a total transaction 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 trade represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total value of $40,250.00. Following the transaction, the director owned 30,600 shares in the company, valued at approximately $1,071,000. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 742,319 shares of company stock worth $26,752,376 in the last quarter. Insiders own 7.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Benchmark upped their price objective on Pinterest from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. KeyCorp upped their price objective on Pinterest from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Stifel Nicolaus upped their price objective on Pinterest from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Guggenheim restated a “buy” rating on shares of Pinterest in a research note on Tuesday, September 2nd. Finally, Cowen reiterated a “buy” rating on shares of Pinterest 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 given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.67.

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.