Founders Financial Alliance LLC Has $438,000 Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Founders Financial Alliance LLC cut its stake in shares of Pinterest, Inc. (NYSE:PINS) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,823 shares of the company’s stock after selling 909 shares during the period. Founders Financial Alliance LLC’s holdings in Pinterest were worth $438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PINS. Norges Bank purchased a new position in shares of Pinterest during the fourth quarter valued at $241,229,000. Fred Alger Management LLC grew its stake in Pinterest by 279,496.9% in the third quarter. Fred Alger Management LLC now owns 4,672,065 shares of the company’s stock valued at $126,286,000 after purchasing an additional 4,670,394 shares in the last quarter. Ameriprise Financial Inc. grew its stake in 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 purchasing an additional 3,390,924 shares in the last quarter. Franklin Resources Inc. grew its stake in Pinterest by 34.0% in the fourth quarter. Franklin Resources Inc. now owns 10,036,837 shares of the company’s stock valued at $371,764,000 after purchasing an additional 2,548,925 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in Pinterest by 26.0% in the third quarter. Clearbridge Investments LLC now owns 6,820,443 shares of the company’s stock valued at $184,357,000 after purchasing an additional 1,407,793 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PINS. BMO Capital Markets boosted their target price on Pinterest from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $48.00 target price (up previously from $45.00) on shares of Pinterest in a research note on Wednesday, May 1st. Royal Bank of Canada boosted their target price on Pinterest from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company upped their price target on Pinterest from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Roth Mkm upped their price target on Pinterest from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Eight equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.34.

Pinterest Stock Up 0.3 %

Pinterest stock traded up $0.14 during trading hours on Friday, hitting $41.44. The stock had a trading volume of 4,335,044 shares, compared to its average volume of 12,289,515. The company has a 50-day moving average of $36.78 and a two-hundred day moving average of $36.02. The company has a market cap of $28.31 billion, a PE ratio of 197.34, a price-to-earnings-growth ratio of 4.11 and a beta of 0.99. Pinterest, Inc. has a fifty-two week low of $23.35 and a fifty-two week high of $43.12.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.05. The firm had revenue of $739.98 million during the quarter, compared to analysts’ expectations of $699.96 million. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. As a group, analysts forecast that Pinterest, Inc. will post 0.43 EPS for the current fiscal year.

Insider Transactions at Pinterest

In related 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 sale, the director now directly owns 31,646 shares in the company, valued at approximately $1,055,077.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related 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 sale, the director now directly owns 31,646 shares in the company, valued at approximately $1,055,077.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sabrina Ellis sold 24,410 shares of the stock in a transaction that occurred 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 sale, the insider now owns 500,504 shares in the company, valued at $17,762,886.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 166,405 shares of company stock valued at $5,855,142. Corporate insiders own 7.11% of the company’s stock.

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.