Benjamin Edwards Inc. Has $1.01 Million Stake in Pinterest, Inc. (NYSE:PINS)

Benjamin Edwards Inc. lifted its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 17,213.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,338 shares of the company's stock after buying an additional 31,157 shares during the quarter. Benjamin Edwards Inc.'s holdings in Pinterest were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PINS. Comerica Bank lifted its holdings in shares of Pinterest by 5.4% during the first quarter. Comerica Bank now owns 49,865 shares of the company's stock worth $1,729,000 after buying an additional 2,561 shares during the last quarter. Cetera Investment Advisers grew its position in Pinterest by 103.4% during the first quarter. Cetera Investment Advisers now owns 63,535 shares of the company's stock worth $2,203,000 after buying an additional 32,305 shares in the last quarter. Cetera Advisors LLC bought a new position in Pinterest during the first quarter valued at about $1,175,000. GAMMA Investing LLC raised its holdings in Pinterest by 113.4% in the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company's stock valued at $34,000 after acquiring an additional 405 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in Pinterest by 17.9% in the second quarter. Park Avenue Securities LLC now owns 16,477 shares of the company's stock worth $726,000 after purchasing an additional 2,502 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Buying and Selling at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total transaction of $38,548.00. Following the completion of the transaction, the director now directly owns 33,686 shares in the company, valued at approximately $1,129,154.72. This trade represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Andrea Acosta sold 3,845 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total value of $118,733.60. Following the completion of the sale, the chief accounting officer now owns 158,468 shares in the company, valued at $4,893,491.84. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,287 shares of company stock valued at $1,547,820. Company insiders own 7.11% of the company's stock.

Analysts Set New Price Targets

PINS has been the subject of a number of analyst reports. Benchmark reaffirmed a "hold" rating on shares of Pinterest in a report on Friday, November 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $41.00 price objective on shares of Pinterest in a report on Monday, October 7th. Robert W. Baird cut their target price on Pinterest from $41.00 to $36.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. TD Cowen started coverage on Pinterest in a research report on Tuesday, November 26th. They issued a "buy" rating and a $38.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Pinterest in a report on Monday, September 23rd. They set a "buy" rating and a $43.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $41.65.

Pinterest Stock Up 2.2 %

Shares of PINS traded up $0.70 during trading hours on Friday, reaching $32.28. The stock had a trading volume of 9,242,646 shares, compared to its average volume of 13,634,317. The company has a market cap of $21.82 billion, a P/E ratio of 107.60, a P/E/G ratio of 2.28 and a beta of 1.02. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The firm has a 50-day moving average of $31.77 and a 200 day moving average of $35.02.

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.