4 days Ago By ABMN Staff
Envestnet Asset Management Inc. lifted its stake in Pinterest, Inc. ( NYSE:PINS – Free Report ) by 2.
1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 617,569 shares of the company’s stock after acquiring an additional 12,500 shares during the quarter.
Envestnet Asset Management Inc.’s holdings in Pinterest were worth $17,910,000 as of its most recent SEC filing. Other large investors have also modified their holdings of the company.
Leibman Financial Services Inc. boosted its position in Pinterest by 102.2% in the 4th quarter.
Leibman Financial Services Inc. now owns 64,222 shares of the company’s stock valued at $1,862,000 after buying an additional 32,464 shares during the last quarter. Janney Capital Management LLC purchased a new position in Pinterest in the fourth quarter valued at about $4,289,000.
Jones Financial Companies Lllp grew its stake in Pinterest by 91.3% during the 4th quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company’s stock valued at $725,000 after purchasing an additional 11,925 shares in the last quarter.
Everence Capital Management Inc. purchased a new stake in Pinterest during the 4th quarter worth approximately $520,000. Finally, Swedbank AB raised its position in shares of Pinterest by 2,108.
7% in the 4th quarter. Swedbank AB now owns 1,315,052 shares of the company’s stock valued at $38,137,000 after purchasing an additional 1,255,513 shares in the last quarter. Institutional investors and hedge funds own 88.
81% of the company’s stock. Analyst Upgrades and Downgrades PINS has been the subject of a number of research analyst reports. KeyCorp dropped their price target on shares of Pinterest from $41.
00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Citigroup reduced their target price on Pinterest from $47.
00 to $38.00 and set a “buy” rating on the stock in a report on Monday. Roth Capital set a $32.
00 price target on Pinterest in a report on Monday, February 3rd. Benchmark upgraded Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Friday, February 7th.
Finally, Oppenheimer lifted their price target on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, February 7th.
Eight research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.81.
Insider Buying and Selling at Pinterest In related news, Director Benjamin Silbermann sold 102,083 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.
28. Following the transaction, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $195,497.84.
The trade was a 94.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.
50. Following the transaction, the director now directly owns 29,086 shares in the company, valued at $1,139,880.34.
The trade was a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Over the last ninety days, insiders sold 452,686 shares of company stock valued at $14,797,342. 7.11% of the stock is currently owned by corporate insiders.
Pinterest Stock Performance Pinterest stock opened at $25.99 on Wednesday. The firm has a market cap of $17.
63 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 1.95 and a beta of 0.
99. Pinterest, Inc. has a 1 year low of $23.
68 and a 1 year high of $45.19. The firm’s 50 day moving average price is $33.
12 and its two-hundred day moving average price is $32.07. Pinterest ( NYSE:PINS – Get Free Report ) last announced its earnings results on Thursday, February 6th.
The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.
30). Pinterest had a return on equity of 8.10% and a net margin of 51.
07%. As a group, equities analysts predict that Pinterest, Inc. will post 0.
6 EPS for the current fiscal year. Pinterest Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding PINS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinterest, Inc.
( NYSE:PINS – Free Report ). Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter .
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