IFP Advisors Inc Boosts Holdings in Pinterest, Inc. (NYSE:PINS)

IFP Advisors Inc raised its stake in shares of Pinterest, Inc. (NYSE:PINS) by 100.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,817 shares of the company’s stock after buying an additional 2,418 shares during the quarter. IFP Advisors Inc’s holdings in Pinterest were worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after buying an additional 415 shares during the last quarter. Crewe Advisors LLC raised its holdings in shares of Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after acquiring an additional 550 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after acquiring an additional 1,487 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after purchasing an additional 590 shares in the last quarter. Finally, Rakuten Securities Inc. increased its position in Pinterest by 44.2% in the third quarter. Rakuten Securities Inc. now owns 2,294 shares of the company’s stock worth $74,000 after purchasing an additional 703 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Insiders Place Their Bets

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the completion of the sale, the director now owns 30,236 shares in the company, valued at $920,081.48. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,117 shares of company stock worth $253,056 over the last 90 days. Company insiders own 7.11% of the company’s stock.

Pinterest Price Performance

PINS stock opened at $35.17 on Wednesday. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The business has a 50-day moving average price of $33.81 and a 200 day moving average price of $32.21. The company has a market capitalization of $23.85 billion, a P/E ratio of 13.07, a PEG ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wedbush increased their price objective on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. UBS Group lowered their price target on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a report on Friday, November 8th. Morgan Stanley boosted their price objective on Pinterest from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Barclays upped their price objective on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Sanford C. Bernstein upgraded Pinterest from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $34.00 to $47.00 in a report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.47.

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.