Barclays PLC Has $157.02 Million Stake in Pinterest, Inc. (NYSE:PINS)

Barclays PLC lowered its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,414,333 shares of the company's stock after selling 140,406 shares during the quarter. Barclays PLC owned 0.80% of Pinterest worth $157,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Leibman Financial Services Inc. lifted its position in shares of 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 period. Janney Capital Management LLC acquired a new position in Pinterest in the fourth quarter worth $4,289,000. Jones Financial Companies Lllp grew its holdings in shares of 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. Everence Capital Management Inc. acquired a new stake in shares of Pinterest in the fourth quarter valued at $520,000. Finally, Swedbank AB raised its holdings in shares of Pinterest by 2,108.7% in the fourth quarter. Swedbank AB now owns 1,315,052 shares of the company's stock valued at $38,137,000 after buying an additional 1,255,513 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PINS has been the topic of a number of research analyst reports. Bank of America decreased their price objective on shares of Pinterest from $46.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Piper Sandler decreased their price target on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their price objective on shares of Pinterest from $42.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Rosenblatt Securities upped their price objective on Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Raymond James cut Pinterest from an "overweight" rating to a "market perform" rating in a research note on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $41.55.

Pinterest Price Performance

Shares of PINS traded down $0.29 during mid-day trading on Friday, hitting $25.17. 8,877,896 shares of the company's stock were exchanged, compared to its average volume of 10,505,129. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19. The company has a 50-day simple moving average of $32.25 and a 200 day simple moving average of $31.91. The company has a market cap of $17.07 billion, a PE ratio of 9.36, a P/E/G ratio of 1.95 and a beta of 0.99.

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

Insiders Place Their Bets

In other news, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $32.85, for a total value of $219,766.50. Following the completion of the sale, the insider now directly owns 254,211 shares of the company's stock, valued at $8,350,831.35. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the completion of the sale, the director now owns 29,086 shares in the company, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 452,686 shares of company stock valued at $14,797,342. 7.11% of the stock is currently owned by corporate insiders.

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.