Pinterest, Inc. (NYSE:PINS) Stock Holdings Raised by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Pinterest, Inc. (NYSE:PINS) by 63.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,069 shares of the company’s stock after purchasing an additional 415 shares during the period. GAMMA Investing LLC’s holdings in Pinterest were worth $31,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PINS. Brown Shipley& Co Ltd bought a new stake in Pinterest during the 2nd quarter valued at $25,000. V Square Quantitative Management LLC acquired a new position in shares of Pinterest during the third quarter valued at $37,000. Crewe Advisors LLC increased its holdings in shares of Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after purchasing an additional 550 shares during the period. True Wealth Design LLC raised its stake in shares of Pinterest by 8,261.1% during the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in Pinterest by 44.2% in the third quarter. Rakuten Securities Inc. now owns 2,294 shares of the company’s stock worth $74,000 after purchasing an additional 703 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total value of $34,189.50. Following the completion of the sale, the director now owns 32,536 shares of the company’s stock, valued at approximately $967,295.28. This trade represents a 3.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Andrea Acosta sold 3,845 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total transaction of $118,733.60. Following the transaction, the chief accounting officer now owns 158,468 shares in the company, valued at $4,893,491.84. This represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,007 shares of company stock worth $554,137 in the last three months. 7.11% of the stock is owned by corporate insiders.

Pinterest Stock Down 2.0 %

Shares of PINS stock opened at $29.79 on Wednesday. The firm has a market capitalization of $20.13 billion, a price-to-earnings ratio of 99.30, a PEG ratio of 2.17 and a beta of 1.04. The stock has a fifty day moving average of $30.52 and a 200 day moving average of $32.60. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19.

Analysts Set New Price Targets

A number of brokerages have issued reports on PINS. Wells Fargo & Company decreased their price target on Pinterest from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday. Roth Mkm decreased their target price on Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Oppenheimer lowered their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. KeyCorp reduced their price objective on shares of Pinterest from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, TD Cowen assumed coverage on shares of Pinterest in a research note on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.86.

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.