Leibman Financial Services Inc. Acquires 32,464 Shares of Pinterest, Inc. (NYSE:PINS)

Leibman Financial Services Inc. increased its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 102.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,222 shares of the company's stock after acquiring an additional 32,464 shares during the period. Leibman Financial Services Inc.'s holdings in Pinterest were worth $1,862,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PINS. Point72 Asset Management L.P. bought a new stake in shares of Pinterest during the third quarter valued at approximately $153,829,000. Southpoint Capital Advisors LP acquired a new stake in shares of Pinterest in the 3rd quarter valued at $123,006,000. Ontario Teachers Pension Plan Board raised its position in shares of Pinterest by 51.5% during the third quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company's stock worth $285,248,000 after acquiring an additional 2,996,750 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Pinterest during the second quarter valued at $98,655,000. Finally, Nordea Investment Management AB boosted its holdings in Pinterest by 122.1% in the fourth quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company's stock valued at $111,515,000 after acquiring an additional 2,093,248 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Price Performance

PINS traded down $0.62 on Tuesday, hitting $29.79. 9,952,396 shares of the stock were exchanged, compared to its average volume of 9,975,868. The firm has a market capitalization of $20.13 billion, a price-to-earnings ratio of 99.30, a PEG ratio of 2.17 and a beta of 1.04. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19. The business has a 50-day moving average of $30.58 and a two-hundred day moving average of $32.70.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,862 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the completion of the transaction, the insider now directly owns 246,921 shares in the company, valued at approximately $7,610,105.22. This represents a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction on 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 sale, the director now directly owns 33,686 shares in the company, valued at approximately $1,129,154.72. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,157 shares of company stock valued at $592,685. 7.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PINS has been the topic of a number of analyst reports. Oppenheimer cut their price target on Pinterest from $45.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group reissued a "hold" rating and issued a $32.00 target price (down previously from $40.00) on shares of Pinterest in a research note on Monday. Royal Bank of Canada restated an "outperform" rating and set a $48.00 target price on shares of Pinterest in a research report on Tuesday, December 10th. Wedbush raised shares of Pinterest from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Pinterest from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.86.

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.