11,437 Shares in Pinterest, Inc. (NYSE:PINS) Purchased by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. has acquired 11,437 shares of Pinterest, Inc. valued at approximately $355,000, indicating growing institutional interest in the company.
• Pinterest's stock price has declined by 10.2%, currently trading at $35.19, with a recent earnings report showing a missed EPS estimate but a revenue increase of 16.9% year-over-year.
• Several analysts have recently adjusted their price targets for Pinterest, with a consensus target price of $42.40 and a predominance of buy ratings among analysts.

Jefferies Financial Group Inc. bought a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,437 shares of the company's stock, valued at approximately $355,000.

Several other large investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in Pinterest by 104.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock worth $737,533,000 after purchasing an additional 12,986,310 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Pinterest by 49.7% during the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after purchasing an additional 4,527,902 shares during the last quarter. FMR LLC boosted its holdings in Pinterest by 2.6% during the fourth quarter. FMR LLC now owns 12,599,356 shares of the company's stock worth $365,381,000 after purchasing an additional 316,633 shares during the last quarter. Marshall Wace LLP boosted its holdings in Pinterest by 134.1% during the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock worth $310,352,000 after purchasing an additional 6,129,985 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in Pinterest by 10.2% during the first quarter. Ninety One UK Ltd now owns 6,027,355 shares of the company's stock worth $186,848,000 after purchasing an additional 555,742 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Buying and Selling

In related news, Director Benjamin Silbermann sold 408,332 shares of the firm's 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 transaction, the director directly owned 6,274 shares of the company's stock, valued at approximately $208,045.84. This trade represents a 98.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,502,611 shares of company stock worth $51,602,943 over the last 90 days. 7.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on PINS. Sanford C. Bernstein increased their target price on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Morgan Stanley raised shares of Pinterest from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $37.00 to $45.00 in a research report on Monday, July 21st. UBS Group upped their price target on shares of Pinterest from $44.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Citigroup reaffirmed a "buy" rating and set a $50.00 price target (up from $44.00) on shares of Pinterest in a research report on Friday. Finally, Susquehanna reaffirmed a "positive" rating and set a $42.00 price target on shares of Pinterest in a research report on Friday. Five investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, Pinterest currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest Stock Performance

NYSE:PINS traded up $0.62 during mid-day trading on Tuesday, reaching $34.81. 4,986,928 shares of the company's stock were exchanged, compared to its average volume of 11,917,956. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The firm has a market capitalization of $23.61 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.76 and a beta of 0.78. The business's fifty day simple moving average is $36.06 and its two-hundred day simple moving average is $33.14.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). Pinterest had a return on equity of 8.44% and a net margin of 49.31%. The business had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. During the same period in the prior year, the business posted $0.29 earnings per share. Pinterest's revenue was up 16.9% compared to the same quarter last year. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Pinterest 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.