AE Wealth Management LLC acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,792 shares of the company's stock, valued at approximately $242,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in PINS. Revolve Wealth Partners LLC bought a new position in shares of Pinterest during the 4th quarter valued at $252,000. LPL Financial LLC grew its holdings in shares of Pinterest by 3.6% during the 4th quarter. LPL Financial LLC now owns 438,427 shares of the company's stock valued at $12,714,000 after purchasing an additional 15,164 shares during the last quarter. Blair William & Co. IL bought a new position in shares of Pinterest during the 4th quarter valued at $799,000. Orion Portfolio Solutions LLC grew its holdings in shares of Pinterest by 30.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 8,215 shares of the company's stock valued at $238,000 after purchasing an additional 1,909 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Pinterest during the 4th quarter valued at $279,000. Hedge funds and other institutional investors own 88.81% of the company's stock.
Insider Transactions at Pinterest
In related news, Director Benjamin Silbermann sold 408,332 shares of Pinterest stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $33.16, for a total transaction of $13,540,289.12. Following the completion of the transaction, the director directly owned 6,274 shares of the company's stock, valued at $208,045.84. This trade represents a 98.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 1,502,611 shares of company stock worth $51,602,943. Company insiders own 7.06% of the company's stock.
Analysts Set New Price Targets
PINS has been the topic of several recent research reports. KeyCorp increased their target price on shares of Pinterest from $40.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Citigroup reissued a "buy" rating and issued a $44.00 price target (up previously from $41.00) on shares of Pinterest in a report on Tuesday, June 24th. Sanford C. Bernstein raised their price target on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Bank of America cut their price target 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. Finally, Barclays cut their price target on shares of Pinterest from $42.00 to $38.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Five 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.48.
Get Our Latest Analysis on Pinterest
Pinterest Price Performance
Shares of NYSE PINS opened at $38.62 on Friday. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The stock has a market cap of $26.20 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 1.92 and a beta of 0.94. The firm has a 50-day moving average of $35.16 and a 200 day moving average of $32.81.
Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Pinterest had a net margin of 50.41% and a return on equity of 8.13%. The business had revenue of $854.99 million for the quarter, compared to analysts' expectations of $848.49 million. During the same period last year, the business earned $0.17 earnings per share. The company's revenue was up 15.5% on a year-over-year basis. Research analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.
Pinterest Company Profile
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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.
Further Reading
Want to see what other hedge funds are holding PINS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinterest, Inc. (NYSE:PINS - Free Report).

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