Pinterest, Inc. (NYSE:PINS) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its stake in shares of Pinterest, Inc. (NYSE:PINS – Free Report) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,363 shares of the company’s stock after purchasing an additional 1,487 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Pinterest were worth $273,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in Pinterest in the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new stake in Pinterest in the fourth quarter valued at $30,000. Washington Trust Advisors Inc. increased its position in shares of Pinterest by 46.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after buying an additional 326 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Pinterest during the 4th quarter worth $43,000. Finally, Blue Trust Inc. boosted its position in shares of Pinterest by 87.7% in the 4th quarter. Blue Trust Inc. now owns 1,192 shares of the company’s stock worth $44,000 after buying an additional 557 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now owns 31,646 shares of the company’s stock, valued at approximately $1,055,077.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the sale, the director now directly owns 31,646 shares of the company’s stock, valued at $1,055,077.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey D. Jordan sold 20,000 shares of Pinterest stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $36.65, for a total transaction of $733,000.00. Following the completion of the transaction, the director now directly owns 54,215 shares of the company’s stock, valued at $1,986,979.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,471 shares of company stock worth $5,773,431. Corporate insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PINS. Wedbush raised their target price on shares of Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. KeyCorp reduced their target price on shares of Pinterest from $48.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Roth Mkm raised their target price on shares of Pinterest from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Loop Capital increased their price target on Pinterest from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday. Eight analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and an average target price of $41.26.

Check Out Our Latest Report on PINS

Pinterest Trading Up 0.0 %

Pinterest stock opened at $42.66 on Friday. Pinterest, Inc. has a 52 week low of $21.02 and a 52 week high of $42.85. The stock has a market cap of $29.14 billion, a P/E ratio of 203.14, a price-to-earnings-growth ratio of 4.02 and a beta of 0.99. The stock has a 50 day moving average of $35.29 and a 200-day moving average of $34.96.

Pinterest (NYSE:PINS – Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. The company had revenue of $981.26 million during the quarter, compared to analyst estimates of $988.62 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. As a group, equities analysts predict that Pinterest, Inc. will post 0.43 earnings per share for the current fiscal year.

Pinterest Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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About the Author: Rayne Chancer