Landscape Capital Management L.L.C. Invests $2.29 Million in Pinterest, Inc. (NYSE:PINS)

Landscape Capital Management L.L.C. purchased a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 70,745 shares of the company's stock, valued at approximately $2,290,000.

Several other large investors have also added to or reduced their stakes in the business. Leibman Financial Services Inc. increased its stake in shares of Pinterest by 0.9% during the 2nd quarter. Leibman Financial Services Inc. now owns 31,390 shares of the company's stock worth $1,383,000 after purchasing an additional 266 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Pinterest by 5.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company's stock worth $205,000 after acquiring an additional 313 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Pinterest by 1.1% in the second quarter. Raymond James Trust N.A. now owns 30,012 shares of the company's stock worth $1,323,000 after purchasing an additional 319 shares during the last quarter. Toronto Dominion Bank lifted its stake in Pinterest by 0.7% in the second quarter. Toronto Dominion Bank now owns 56,961 shares of the company's stock worth $2,510,000 after purchasing an additional 372 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. increased its position in shares of Pinterest by 1.6% in the second quarter. Cornercap Investment Counsel Inc. now owns 23,197 shares of the company's stock valued at $1,022,000 after acquiring an additional 373 shares during the period. Institutional investors own 88.81% of the company's stock.

Insider Transactions at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the completion of the transaction, the chief financial officer now owns 297,351 shares in the company, valued at $9,729,324.72. This trade represents a 9.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following the transaction, the director now owns 33,686 shares of the company's stock, valued at $1,129,154.72. This trade represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,580 shares of company stock valued at $1,063,499 over the last three months. Corporate insiders own 7.11% of the company's stock.

Pinterest Stock Performance

Shares of NYSE PINS traded up $0.70 during midday trading on Friday, reaching $30.01. The stock had a trading volume of 14,754,788 shares, compared to its average volume of 9,648,641. The stock has a 50-day moving average of $31.71 and a 200-day moving average of $35.93. The company has a market capitalization of $20.28 billion, a price-to-earnings ratio of 100.07, a price-to-earnings-growth ratio of 2.13 and a beta of 1.02. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Pinterest in a research report on Monday, September 23rd. They issued a "buy" rating and a $43.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on shares of Pinterest from $38.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Cantor Fitzgerald reiterated an "overweight" rating and set a $41.00 price target on shares of Pinterest in a research report on Monday, October 7th. KeyCorp reduced their price target on shares of Pinterest from $45.00 to $39.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. Finally, Barclays reduced their price target on shares of Pinterest from $38.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 31st. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Pinterest has an average rating of "Moderate Buy" and a consensus price target of $42.00.

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.