Bronte Capital Management Pty Ltd. trimmed its position in shares of Pinterest, Inc. (NYSE:PINS – Free Report) by 17.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,116,985 shares of the company’s stock after selling 233,598 shares during the period. Pinterest makes up approximately 3.1% of Bronte Capital Management Pty Ltd.’s holdings, making the stock its 12th biggest holding. Bronte Capital Management Pty Ltd.’s holdings in Pinterest were worth $36,157,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PINS. Allspring Global Investments Holdings LLC lifted its holdings in shares of Pinterest by 195.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,151 shares of the company’s stock valued at $75,000 after acquiring an additional 1,422 shares during the last quarter. Norden Group LLC bought a new stake in shares of Pinterest in the 1st quarter valued at approximately $214,000. Janney Montgomery Scott LLC boosted its holdings in shares of Pinterest by 7.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 59,678 shares of the company’s stock worth $2,069,000 after purchasing an additional 4,237 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Pinterest by 19.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,424 shares of the company’s stock valued at $708,000 after purchasing an additional 3,371 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in Pinterest by 25.5% during the 1st quarter. Empowered Funds LLC now owns 7,432 shares of the company’s stock valued at $258,000 after buying an additional 1,510 shares during the period. 88.81% of the stock is currently owned by institutional investors.
Pinterest Trading Up 4.1 %
Shares of NYSE PINS opened at $30.38 on Tuesday. The stock has a market cap of $20.85 billion, a price-to-earnings ratio of 101.27, a PEG ratio of 2.25 and a beta of 1.02. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19. The company has a 50 day simple moving average of $31.82 and a two-hundred day simple moving average of $36.36.
Analyst Upgrades and Downgrades
Read Our Latest Report on Pinterest
Insider Activity
In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $32.72, for a total value 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 legal filing with the SEC, which can be accessed through this link. In related news, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the sale, the chief financial officer now owns 297,351 shares in the company, valued at approximately $9,729,324.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. 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.
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