Lindbrook Capital LLC Buys 505 Shares of Pinterest, Inc. (NYSE:PINS)

Lindbrook Capital LLC boosted its stake in Pinterest, Inc. (NYSE:PINS) by 29.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,223 shares of the company’s stock after purchasing an additional 505 shares during the period. Lindbrook Capital LLC’s holdings in Pinterest were worth $82,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in Pinterest in the 4th quarter valued at approximately $30,000. Washington Trust Advisors Inc. increased its position in Pinterest by 46.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after acquiring an additional 326 shares during the period. Clear Street Markets LLC acquired a new position in Pinterest in the 3rd quarter valued at approximately $41,000. Blue Trust Inc. increased its position in Pinterest by 87.7% in the 4th quarter. Blue Trust Inc. now owns 1,192 shares of the company’s stock valued at $44,000 after acquiring an additional 557 shares during the period. Finally, Global Retirement Partners LLC increased its position in Pinterest by 396.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,300 shares of the company’s stock valued at $48,000 after acquiring an additional 1,038 shares during the period. Institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling

In related news, CFO Donnelly Julia Brau sold 65,972 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the sale, the chief financial officer now owns 392,829 shares in the company, valued at $13,521,174.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $33.34, for a total value of $64,479.56. Following the sale, the director now owns 31,646 shares of the company’s stock, valued at $1,055,077.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the sale, the chief financial officer now directly owns 392,829 shares in the company, valued at approximately $13,521,174.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,471 shares of company stock worth $6,525,231. Insiders own 6.85% of the company’s stock.

Pinterest Price Performance

PINS opened at $32.85 on Thursday. The company’s 50-day moving average is $34.68 and its 200 day moving average is $34.16. Pinterest, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $41.60. The firm has a market capitalization of $22.30 billion, a P/E ratio of -547.41, a PEG ratio of 4.53 and a beta of 0.99.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. The business had revenue of $981.26 million during the quarter, compared to the consensus estimate of $988.62 million. On average, equities research analysts expect that Pinterest, Inc. will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

PINS has been the subject of several recent research reports. Evercore ISI upped their price target on shares of Pinterest from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. BMO Capital Markets began coverage on shares of Pinterest in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $45.00 price target for the company. Wedbush increased their price objective on shares of Pinterest from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. KeyCorp decreased their price objective on shares of Pinterest from $48.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Susquehanna increased their price objective on shares of Pinterest from $35.00 to $45.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pinterest has a consensus rating of “Moderate Buy” and an average price target of $37.68.

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.