Pinterest, Inc. (NYSE:PINS) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 266,654 shares of the company's stock after buying an additional 32,526 shares during the quarter. Stifel Financial Corp's holdings in Pinterest were worth $7,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of Pinterest during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC lifted its holdings in Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after purchasing an additional 415 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its position in Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after acquiring an additional 1,204 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after buying an additional 590 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of Pinterest by 484.1% during the 4th quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after purchasing an additional 1,680 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Price Performance

Shares of NYSE:PINS traded up $1.41 during trading on Friday, hitting $26.90. The company's stock had a trading volume of 15,610,861 shares, compared to its average volume of 10,430,701. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $45.19. The firm has a market cap of $18.24 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 1.95 and a beta of 0.99. The company has a 50-day moving average of $29.87 and a 200-day moving average of $31.43.

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. As a group, research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Transactions at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total value of $31,050.00. Following the transaction, the director now owns 26,786 shares of the company's stock, valued at $723,222. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the completion of the transaction, the director now owns 6,274 shares in the company, valued at $195,497.84. This represents a 94.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 453,836 shares of company stock worth $14,828,392 in the last three months. Insiders own 7.11% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PINS. KeyCorp cut their price objective on Pinterest from $41.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Benchmark raised Pinterest from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research report on Friday, February 7th. Rosenblatt Securities upped their price objective on Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. TD Cowen cut their target price on shares of Pinterest from $46.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $32.00 price target (down previously from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.93.

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.