Pinterest, Inc. (NYSE:PINS) Shares Acquired by United Advisor Group LLC

United Advisor Group LLC grew its stake in shares of Pinterest, Inc. (NYSE:PINS) by 240.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,329 shares of the company’s stock after acquiring an additional 11,534 shares during the quarter. United Advisor Group LLC’s holdings in Pinterest were worth $529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PINS. Brown Shipley& Co Ltd acquired a new position in Pinterest during the 2nd quarter valued at approximately $25,000. Wellington Shields Capital Management LLC acquired a new position in shares of Pinterest in the 2nd quarter valued at $26,000. Hexagon Capital Partners LLC raised its stake in Pinterest by 157.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after acquiring an additional 459 shares during the last quarter. GAMMA Investing LLC lifted its position in Pinterest by 113.4% during the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after acquiring an additional 405 shares during the period. Finally, Rothschild Investment LLC acquired a new position in shares of Pinterest in the second quarter valued at about $35,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Stock Performance

PINS stock opened at $32.73 on Wednesday. The firm has a market cap of $22.46 billion, a PE ratio of 121.22, a PEG ratio of 2.47 and a beta of 1.02. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The firm’s 50 day moving average price is $31.77 and its 200-day moving average price is $36.37.

Insider Transactions at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following the completion of the sale, the director now directly owns 33,686 shares in the company, valued at $1,129,154.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the completion of the transaction, the chief financial officer now directly owns 297,351 shares of the company’s stock, valued at approximately $9,729,324.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total transaction of $38,548.00. Following the sale, the director now directly owns 33,686 shares in the company, valued at approximately $1,129,154.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wedbush cut their price target on shares of Pinterest from $46.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft started coverage on shares of Pinterest in a report on Monday, September 23rd. They issued a “buy” rating and a $43.00 price target on the stock. Evercore ISI lowered their target price on Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Benchmark reissued a “hold” rating on shares of Pinterest in a report on Wednesday, July 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $48.00 price target on shares of Pinterest in a research report on Thursday, September 12th. Eight investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.56.

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.