21,352 Shares in Pinterest, Inc. $PINS Acquired by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,352 shares of the company’s stock, valued at approximately $768,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC bought a new stake in shares of Pinterest during the fourth quarter valued at about $252,000. Jefferies Financial Group Inc. acquired a new position in Pinterest during the 1st quarter valued at about $355,000. PNC Financial Services Group Inc. raised its position in shares of Pinterest by 16.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,645 shares of the company’s stock worth $888,000 after buying an additional 4,137 shares in the last quarter. Blair William & Co. IL raised its position in shares of Pinterest by 3.6% during the 1st quarter. Blair William & Co. IL now owns 28,551 shares of the company’s stock worth $885,000 after buying an additional 1,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Pinterest by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company’s stock worth $1,798,270,000 after acquiring an additional 1,263,863 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the company’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total value of $3,558,613.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total value of $795,311.85. Following the sale, the chief financial officer owned 312,422 shares of the company’s stock, valued at approximately $10,887,906.70. This represents a 6.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 403,125 shares of company stock valued at $13,669,759. Corporate insiders own 7.06% of the company’s stock.

Pinterest Stock Down 0.8%

Shares of NYSE:PINS opened at $27.20 on Friday. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90. The company has a market cap of $18.38 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 1.74 and a beta of 0.89. The company’s fifty day moving average is $29.86 and its two-hundred day moving average is $33.53.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $665.93 million during the quarter. Pinterest had a return on equity of 8.20% and a net margin of 48.99%. Equities research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Pinterest in a research note on Wednesday, November 5th. BMO Capital Markets lowered their price target on Pinterest from $41.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. UBS Group dropped their price objective on Pinterest from $51.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Benchmark decreased their target price on Pinterest from $48.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Guggenheim lowered their target price on Pinterest from $44.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and an average target price of $39.10.

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.