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

Lindbrook Capital LLC lifted its position in Pinterest, Inc. (NYSE:PINS) by 29.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,223 shares of the company’s stock after buying an additional 505 shares during the period. Lindbrook Capital LLC’s holdings in Pinterest were worth $82,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in shares of Pinterest by 43.9% in the third quarter. Ameriprise Financial Inc. now owns 11,122,436 shares of the company’s stock valued at $300,639,000 after acquiring an additional 3,390,924 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Pinterest by 12.6% in the fourth quarter. Baillie Gifford & Co. now owns 9,305,759 shares of the company’s stock valued at $344,685,000 after acquiring an additional 1,043,173 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Pinterest by 26.0% in the third quarter. Clearbridge Investments LLC now owns 6,820,443 shares of the company’s stock worth $184,357,000 after purchasing an additional 1,407,793 shares in the last quarter. Brown Advisory Inc. raised its holdings in Pinterest by 1.1% in the third quarter. Brown Advisory Inc. now owns 6,352,023 shares of the company’s stock worth $171,695,000 after purchasing an additional 69,773 shares in the last quarter. Finally, FMR LLC raised its holdings in Pinterest by 8.1% in the third quarter. FMR LLC now owns 5,097,160 shares of the company’s stock worth $137,776,000 after purchasing an additional 381,837 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Sabrina Ellis sold 24,410 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total value of $866,310.90. Following the completion of the transaction, the insider now directly owns 500,504 shares of the company’s stock, valued at approximately $17,762,886.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 31,646 shares of the company’s stock, valued at $1,055,077.64. The disclosure for this sale can be found here. Insiders have sold 184,471 shares of company stock worth $6,525,231 in the last quarter. Corporate insiders own 6.85% of the company’s stock.

Analyst Ratings Changes

PINS has been the subject of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $48.00 target price on shares of Pinterest in a report on Tuesday, March 26th. Argus upgraded shares of Pinterest from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Thursday, January 18th. Susquehanna boosted their target price on shares of Pinterest from $35.00 to $45.00 and gave the stock a “positive” rating in a report on Friday, February 9th. KeyCorp reduced their target price on shares of Pinterest from $48.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Wedbush boosted their target price on shares of Pinterest from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.68.

Pinterest Trading Down 0.5 %

Pinterest stock opened at $32.85 on Thursday. Pinterest, Inc. has a 12 month low of $20.60 and a 12 month high of $41.60. The stock’s 50 day simple moving average is $34.68 and its two-hundred day simple moving average is $34.16. The firm has a market cap of $22.30 billion, a PE ratio of -547.41, a P/E/G ratio of 4.53 and a beta of 0.99.

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