IFP Advisors Inc Has $281,000 Holdings in Pinterest, Inc. $PINS

IFP Advisors Inc lessened its position in shares of Pinterest, Inc. (NYSE:PINS) by 79.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,706 shares of the company’s stock after selling 32,999 shares during the period. IFP Advisors Inc’s holdings in Pinterest were worth $281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC grew its holdings in Pinterest by 505.7% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock worth $27,000 after acquiring an additional 713 shares during the period. Atlantic Union Bankshares Corp raised its position in shares of Pinterest by 3,839.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after acquiring an additional 883 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Pinterest by 46.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock valued at $42,000 after purchasing an additional 419 shares during the period. Fifth Third Bancorp lifted its stake in shares of Pinterest by 2,409.1% in the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock valued at $44,000 after purchasing an additional 1,325 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Pinterest during the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on PINS shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $20.00 target price on shares of Pinterest in a research note on Wednesday, March 4th. Zacks Research raised Pinterest from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Cantor Fitzgerald set a $18.00 price target on Pinterest in a report on Friday, February 13th. TD Cowen reduced their price objective on shares of Pinterest from $44.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $20.00 price objective (down from $36.00) on shares of Pinterest in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nineteen have given a Hold rating to the company. Based on data from MarketBeat, Pinterest presently has an average rating of “Hold” and a consensus price target of $25.61.

Pinterest Trading Down 1.0%

Pinterest stock opened at $17.77 on Friday. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 1.17 and a beta of 0.93. The firm’s fifty day moving average price is $19.65 and its two-hundred day moving average price is $26.09.

Pinterest (NYSE:PINS) last posted its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $0.56 earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. On average, research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Transactions at Pinterest

In other Pinterest news, insider Malik Ducard sold 2,293 shares of Pinterest stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $22.06, for a total transaction of $50,583.58. Following the completion of the transaction, the insider owned 695,187 shares in the company, valued at approximately $15,335,825.22. The trade was a 0.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 5,636 shares of company stock worth $131,614. 7.06% of the stock is currently owned by insiders.

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.