Leibman Financial Services Inc. Reduces Position in Pinterest, Inc. (NYSE:PINS)

Leibman Financial Services Inc. reduced its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 18.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,439 shares of the company's stock after selling 11,783 shares during the period. Leibman Financial Services Inc.'s holdings in Pinterest were worth $1,626,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PINS. Ethos Financial Group LLC increased its holdings in shares of Pinterest by 3.1% in the fourth quarter. Ethos Financial Group LLC now owns 11,803 shares of the company's stock worth $342,000 after purchasing an additional 350 shares during the last quarter. Amalgamated Bank increased its stake in Pinterest by 0.9% in the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company's stock worth $1,154,000 after acquiring an additional 372 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Pinterest by 20.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company's stock worth $75,000 after acquiring an additional 429 shares in the last quarter. Redwood Investment Management LLC boosted its position in shares of Pinterest by 3.2% during the 4th quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock valued at $463,000 after acquiring an additional 495 shares during the last quarter. Finally, Ingalls & Snyder LLC grew its holdings in shares of Pinterest by 3.8% in the fourth quarter. Ingalls & Snyder LLC now owns 13,652 shares of the company's stock valued at $396,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total transaction of $31,050.00. Following the completion of the sale, the director now owns 26,786 shares of the company's stock, valued at $723,222. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Benjamin Silbermann sold 408,332 shares of Pinterest stock in a transaction on Wednesday, May 14th. The stock was 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 now directly owns 6,274 shares in the company, valued at $208,045.84. This represents a 98.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,066,426 shares of company stock worth $34,835,253 in the last three months. 7.06% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on PINS. Piper Sandler lowered their price objective on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Morgan Stanley increased their price target on shares of Pinterest from $28.00 to $37.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Barclays reduced their price objective on Pinterest from $42.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. BMO Capital Markets lowered their price objective on Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, Monness Crespi & Hardt dropped their target price on Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a report on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.42.

Pinterest Stock Up 2.0%

NYSE:PINS traded up $0.66 during mid-day trading on Wednesday, reaching $33.79. The company's stock had a trading volume of 9,996,401 shares, compared to its average volume of 10,853,482. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $45.19. The firm has a market capitalization of $22.92 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The stock has a fifty day moving average of $28.57 and a 200-day moving average of $31.26.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $854.99 million for the quarter, compared to analysts' expectations of $848.49 million. Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The business's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. On average, analysts expect that Pinterest, Inc. will post 0.6 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.