Crewe Advisors LLC Boosts Stock Position in Pinterest, Inc. (NYSE:PINS)

Crewe Advisors LLC increased its holdings in Pinterest, Inc. (NYSE:PINS) by 91.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,154 shares of the company’s stock after purchasing an additional 550 shares during the period. Crewe Advisors LLC’s holdings in Pinterest were worth $37,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Baillie Gifford & Co. raised its position in shares of Pinterest by 9.5% during the 2nd quarter. Baillie Gifford & Co. now owns 10,116,139 shares of the company’s stock valued at $445,818,000 after buying an additional 880,398 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in Pinterest by 51.5% during the third quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company’s stock valued at $285,248,000 after purchasing an additional 2,996,750 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Pinterest by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,960,861 shares of the company’s stock valued at $262,695,000 after purchasing an additional 380,431 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Pinterest by 8.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,944,489 shares of the company’s stock worth $192,423,000 after purchasing an additional 460,708 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Pinterest by 31.6% during the 2nd quarter. Acadian Asset Management LLC now owns 5,645,845 shares of the company’s stock valued at $248,793,000 after purchasing an additional 1,356,459 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Trading Up 2.4 %

Shares of NYSE PINS opened at $30.02 on Monday. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The stock’s fifty day simple moving average is $31.73 and its two-hundred day simple moving average is $35.81. The stock has a market capitalization of $20.29 billion, a PE ratio of 100.07, a price-to-earnings-growth ratio of 2.15 and a beta of 1.02.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

PINS has been the subject of a number of analyst reports. Oppenheimer lowered their price target on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Benchmark restated a “hold” rating on shares of Pinterest in a report on Friday, November 8th. Robert W. Baird cut their price target on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Evercore ISI reduced their price objective on shares of Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, Raymond James dropped their target price on Pinterest from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.00.

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.