Leibman Financial Services Inc. Purchases 368 Shares of Pinterest, Inc. (NYSE:PINS)

Leibman Financial Services Inc. raised its position in Pinterest, Inc. (NYSE:PINS) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 31,758 shares of the company’s stock after acquiring an additional 368 shares during the period. Leibman Financial Services Inc.’s holdings in Pinterest were worth $1,028,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Prudential PLC boosted its holdings in shares of Pinterest by 34.5% in the fourth quarter. Prudential PLC now owns 23,675 shares of the company’s stock worth $877,000 after buying an additional 6,070 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its stake in shares of Pinterest by 1.9% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 50,802 shares of the company’s stock worth $1,882,000 after acquiring an additional 951 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Pinterest by 15.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,104,573 shares of the company’s stock valued at $40,913,000 after acquiring an additional 145,176 shares during the period. Alta Park Capital LP purchased a new stake in shares of Pinterest in the 4th quarter worth $27,517,000. Finally, Frontier Capital Management Co. LLC raised its holdings in Pinterest by 19.6% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,529,745 shares of the company’s stock worth $56,662,000 after purchasing an additional 251,126 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on PINS shares. Rosenblatt Securities restated a “buy” rating and issued a $48.00 price target on shares of Pinterest in a research report on Wednesday, July 31st. Benchmark reissued a “hold” rating on shares of Pinterest in a report on Wednesday, July 31st. Barclays lowered their price target on shares of Pinterest from $38.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 31st. Wedbush reduced their price objective on shares of Pinterest from $46.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Pinterest from $44.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.25.

Insider Activity 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 stock was sold at an average price of $32.72, for a total value of $990,761.60. Following the sale, the chief financial officer now owns 297,351 shares in the company, valued at $9,729,324.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.11% of the stock is owned by company insiders.

Pinterest Stock Up 1.1 %

Shares of NYSE:PINS opened at $32.93 on Wednesday. The firm has a fifty day simple moving average of $30.86 and a two-hundred day simple moving average of $36.57. Pinterest, Inc. has a 52 week low of $23.59 and a 52 week high of $45.19. The stock has a market capitalization of $22.50 billion, a P/E ratio of 156.81, a PEG ratio of 2.56 and a beta of 1.01.

Pinterest (NYSE:PINS) last released its earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $853.68 million during the quarter, compared to analyst estimates of $848.75 million. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The business’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) EPS. On average, analysts expect that Pinterest, Inc. will post 0.39 earnings per share for the current year.

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.