LPL Financial LLC Purchases 15,164 Shares of Pinterest, Inc. (NYSE:PINS)

LPL Financial LLC grew its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 438,427 shares of the company's stock after buying an additional 15,164 shares during the quarter. LPL Financial LLC owned 0.06% of Pinterest worth $12,714,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Leibman Financial Services Inc. lifted its holdings in Pinterest by 102.2% during the 4th quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company's stock worth $1,862,000 after buying an additional 32,464 shares during the last quarter. Janney Capital Management LLC acquired a new stake in shares of Pinterest during the 4th quarter valued at approximately $4,289,000. Jones Financial Companies Lllp lifted its stake in Pinterest by 91.3% during the fourth quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock worth $725,000 after purchasing an additional 11,925 shares during the last quarter. Weiss Asset Management LP acquired a new position in Pinterest in the third quarter worth $1,296,000. Finally, Everence Capital Management Inc. bought a new stake in Pinterest during the fourth quarter valued at $520,000. Institutional investors and hedge funds own 88.81% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PINS shares. Stifel Nicolaus reaffirmed a "buy" rating and issued a $50.00 price target (up from $45.00) on shares of Pinterest in a report on Friday, February 7th. Piper Sandler restated a "neutral" rating and set a $41.00 price objective (up from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Guggenheim reiterated a "buy" rating on shares of Pinterest in a research note on Tuesday, April 1st. Monness Crespi & Hardt upgraded shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price target for the company in a research report on Friday, January 10th. Finally, Wedbush increased their price objective on shares of Pinterest from $38.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.17.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was 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 directly owns 30,236 shares in the company, valued at approximately $920,081.48. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of the company'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 owns 144,129 shares in the company, valued at $5,399,072.34. This represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 453,836 shares of company stock valued at $14,832,336 in the last three months. 7.11% of the stock is currently owned by company insiders.

Pinterest Stock Performance

PINS traded down $0.47 during trading on Monday, reaching $25.31. The company had a trading volume of 21,320,798 shares, compared to its average volume of 10,289,241. Pinterest, Inc. has a 12-month low of $23.21 and a 12-month high of $45.19. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.95 and a beta of 0.99. The firm's 50-day simple moving average is $34.23 and its 200 day simple moving average is $32.38.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, sell-side analysts expect that Pinterest, Inc. will post 0.6 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.