Baltimore Washington Financial Advisors Inc. Sells 859 Shares of Pinterest, Inc. (NYSE:PINS)

Baltimore Washington Financial Advisors Inc. lowered its position in shares of Pinterest, Inc. (NYSE:PINS) by 0.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 100,298 shares of the company’s stock after selling 859 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Pinterest were worth $3,247,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brown Shipley& Co Ltd purchased a new position in Pinterest during the second quarter valued at approximately $25,000. Wellington Shields Capital Management LLC purchased a new position in Pinterest during the second quarter valued at approximately $26,000. Hexagon Capital Partners LLC lifted its holdings in Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after purchasing an additional 459 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Pinterest by 113.4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after purchasing an additional 405 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in Pinterest during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Stock Up 2.4 %

PINS stock opened at $30.02 on Friday. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The stock has a market capitalization of $20.29 billion, a price-to-earnings ratio of 100.07, a price-to-earnings-growth ratio of 2.10 and a beta of 1.02. The firm’s fifty day simple moving average is $31.73 and its two-hundred day simple moving average is $35.85.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Pinterest from $49.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $41.00 target price on shares of Pinterest in a report on Monday, October 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $48.00 target price on shares of Pinterest in a report on Thursday, September 12th. Barclays lowered their target price on shares of Pinterest from $38.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 31st. Finally, Evercore ISI lowered their target price on shares of Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Insider Buying and Selling at Pinterest

In other news, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the transaction, the chief financial officer now directly owns 297,351 shares in the company, valued at approximately $9,729,324.72. This represents a 9.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total transaction of $38,548.00. Following the completion of the transaction, the director now owns 33,686 shares in the company, valued at approximately $1,129,154.72. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,580 shares of company stock worth $1,063,499 over the last quarter. Insiders own 7.11% of the company’s stock.

About Pinterest

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.