Mirabella Financial Services LLP Invests $2.12 Million in Pinterest, Inc. $PINS

Mirabella Financial Services LLP purchased a new stake in Pinterest, Inc. (NYSE:PINS) in the second quarter, Holdings Channel.com reports. The fund purchased 59,034 shares of the company’s stock, valued at approximately $2,117,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC acquired a new stake in shares of Pinterest during the 4th quarter valued at approximately $252,000. Jefferies Financial Group Inc. acquired a new stake in shares of Pinterest in the 1st quarter worth approximately $355,000. PNC Financial Services Group Inc. increased its stake in Pinterest by 16.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 28,645 shares of the company’s stock valued at $888,000 after purchasing an additional 4,137 shares in the last quarter. Blair William & Co. IL raised its holdings in Pinterest by 3.6% during the first quarter. Blair William & Co. IL now owns 28,551 shares of the company’s stock worth $885,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Pinterest by 2.2% during the first quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company’s stock worth $1,798,270,000 after purchasing an additional 1,263,863 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total value of $795,311.85. Following the transaction, the chief financial officer owned 312,422 shares in the company, valued at approximately $10,887,906.70. The trade was a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total value of $3,558,613.38. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 403,125 shares of company stock worth $13,669,759 in the last 90 days. 7.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pinterest in a research note on Monday. Oppenheimer restated an “outperform” rating on shares of Pinterest in a report on Friday, August 8th. Morgan Stanley reduced their price target on shares of Pinterest from $41.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. JPMorgan Chase & Co. dropped their price objective on shares of Pinterest from $44.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Finally, Cantor Fitzgerald cut their price objective on Pinterest from $40.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and a consensus target price of $39.10.

Pinterest Stock Performance

Shares of PINS stock opened at $27.20 on Friday. The firm has a market capitalization of $18.38 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 1.74 and a beta of 0.89. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The company has a 50 day moving average price of $29.86 and a 200 day moving average price of $33.53.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. Pinterest had a return on equity of 8.20% and a net margin of 48.99%.The company had revenue of $665.93 million for the quarter. As a group, equities analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal 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.