Leibman Financial Services Inc. Grows Position in Pinterest, Inc. (NYSE:PINS)

Leibman Financial Services Inc. lifted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,758 shares of the company’s stock after purchasing an additional 368 shares during the quarter. Leibman Financial Services Inc.’s holdings in Pinterest were worth $1,028,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PINS. Raymond James Trust N.A. raised its position in Pinterest by 1.1% during the second quarter. Raymond James Trust N.A. now owns 30,012 shares of the company’s stock valued at $1,323,000 after purchasing an additional 319 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Pinterest by 0.7% during the 2nd quarter. Toronto Dominion Bank now owns 56,961 shares of the company’s stock valued at $2,510,000 after buying an additional 372 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its position in Pinterest by 1.6% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 23,197 shares of the company’s stock worth $1,022,000 after buying an additional 373 shares during the last quarter. GAMMA Investing LLC boosted its stake in Pinterest by 113.4% in the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after buying an additional 405 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its position in Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after acquiring an additional 459 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PINS shares. Raymond James lowered their price objective on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $48.00 target price on shares of Pinterest in a research report on Thursday, September 12th. Benchmark restated a “hold” rating on shares of Pinterest in a research report on Wednesday, July 31st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $41.00 price objective on shares of Pinterest in a report on Monday. Finally, Roth Mkm lowered their target price on Pinterest from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.25.

Insider Transactions at Pinterest

In related news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the sale, the chief financial officer now directly owns 297,351 shares of the company’s stock, valued at $9,729,324.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 7.11% of the company’s stock.

Pinterest Stock Performance

NYSE:PINS opened at $32.93 on Wednesday. The firm has a market cap of $22.50 billion, a P/E ratio of 156.81, a P/E/G ratio of 2.56 and a beta of 1.01. Pinterest, Inc. has a fifty-two week low of $23.59 and a fifty-two week high of $45.19. The firm has a 50-day simple moving average of $30.86 and a two-hundred day simple moving average of $36.57.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $853.68 million during the quarter, compared to the consensus estimate of $848.75 million. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) earnings per share. On average, equities research analysts predict that Pinterest, Inc. will post 0.39 EPS for the current year.

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.