Harel Insurance Investments & Financial Services Ltd. Raises Holdings in Pinterest, Inc. (NYSE:PINS)

Harel Insurance Investments & Financial Services Ltd. boosted its position in Pinterest, Inc. (NYSE:PINS) by 699.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 296,033 shares of the company’s stock after acquiring an additional 259,002 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Pinterest were worth $8,585,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in Pinterest by 5.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock valued at $205,000 after buying an additional 313 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Pinterest by 3.7% during the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after acquiring an additional 339 shares in the last quarter. Leibman Financial Services Inc. increased its holdings in Pinterest by 1.2% during the 3rd quarter. Leibman Financial Services Inc. now owns 31,758 shares of the company’s stock worth $1,028,000 after acquiring an additional 368 shares during the period. Toronto Dominion Bank lifted its stake in Pinterest by 0.7% in the 2nd quarter. Toronto Dominion Bank now owns 56,961 shares of the company’s stock worth $2,510,000 after purchasing an additional 372 shares in the last quarter. Finally, Commerce Bank boosted its holdings in Pinterest by 3.3% in the 3rd quarter. Commerce Bank now owns 11,868 shares of the company’s stock valued at $384,000 after purchasing an additional 378 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total transaction of $34,189.50. Following the transaction, the director now directly owns 32,536 shares of the company’s stock, valued at approximately $967,295.28. The trade was a 3.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the sale, the insider now directly owns 246,921 shares of the company’s stock, valued at approximately $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,157 shares of company stock worth $589,131. 7.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PINS shares. Oppenheimer decreased their price target on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Benchmark reaffirmed a “hold” rating on shares of Pinterest in a report on Friday, November 8th. KeyCorp cut their price objective on Pinterest from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Monness Crespi & Hardt raised shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, January 10th. Finally, Raymond James cut their price target on shares of Pinterest from $40.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $40.70.

Pinterest Stock Up 0.3 %

NYSE:PINS opened at $32.92 on Friday. The firm has a market capitalization of $22.25 billion, a P/E ratio of 109.72, a P/E/G ratio of 1.61 and a beta of 1.04. The company has a fifty day moving average of $30.64 and a 200 day moving average of $32.09. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19.

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.