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

Leibman Financial Services Inc. raised its position in Pinterest, Inc. (NYSE:PINS) by 102.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,222 shares of the company’s stock after buying an additional 32,464 shares during the period. Leibman Financial Services Inc.’s holdings in Pinterest were worth $1,862,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Pallas Capital Advisors LLC increased its holdings in Pinterest by 49.4% in the 4th quarter. Pallas Capital Advisors LLC now owns 23,304 shares of the company’s stock worth $676,000 after acquiring an additional 7,709 shares in the last quarter. Claro Advisors LLC purchased a new stake in shares of Pinterest during the fourth quarter worth about $226,000. Graypoint LLC acquired a new position in shares of Pinterest during the 4th quarter worth about $317,000. Nordea Investment Management AB lifted its stake in Pinterest by 122.1% in the 4th quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company’s stock valued at $111,515,000 after buying an additional 2,093,248 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in Pinterest in the 4th quarter worth about $520,000. Institutional investors and hedge funds 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 on Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total transaction of $38,548.00. Following the completion of the sale, the director now directly owns 33,686 shares of the company’s stock, valued at $1,129,154.72. This trade represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the transaction, the insider now directly owns 246,921 shares in the company, valued at $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,157 shares of company stock worth $592,685 over the last 90 days. 7.11% of the stock is owned by insiders.

Pinterest Price Performance

PINS stock opened at $30.42 on Tuesday. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The firm has a market capitalization of $20.56 billion, a P/E ratio of 101.40, a P/E/G ratio of 2.17 and a beta of 1.04. The business’s 50-day moving average is $30.58 and its two-hundred day moving average is $32.70.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Piper Sandler lowered Pinterest from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $41.00 to $36.00 in a research note on Tuesday, December 10th. Rosenblatt Securities lowered their target price on shares of Pinterest from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $48.00 target price on shares of Pinterest in a research report on Tuesday, December 10th. Cantor Fitzgerald restated an “overweight” rating and set a $41.00 price target on shares of Pinterest in a research report on Monday, October 7th. Finally, UBS Group cut their price objective on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.86.

About Pinterest

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.