SG Americas Securities LLC Has $1.25 Million Position in Pinterest, Inc. (NYSE:PINS)

SG Americas Securities LLC cut its stake in shares of Pinterest, Inc. (NYSE:PINS) by 40.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,222 shares of the company’s stock after selling 28,755 shares during the period. SG Americas Securities LLC’s holdings in Pinterest were worth $1,253,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Brown Shipley& Co Ltd purchased a new position in shares of Pinterest during the 2nd quarter valued at $25,000. GAMMA Investing LLC grew its stake in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Pinterest in the 3rd quarter worth about $37,000. Crewe Advisors LLC raised its stake in shares of Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after purchasing an additional 550 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after buying an additional 1,487 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Trading Up 1.8 %

Shares of NYSE:PINS opened at $33.49 on Tuesday. The firm has a market capitalization of $22.64 billion, a PE ratio of 111.65, a PEG ratio of 1.61 and a beta of 1.04. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The business’s 50 day moving average is $30.64 and its 200-day moving average is $31.94.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total value of $34,189.50. Following the completion of the transaction, the director now owns 32,536 shares of the company’s stock, valued at $967,295.28. This represents a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the sale, the insider now directly owns 246,921 shares in the company, valued at $7,610,105.22. The trade was a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,157 shares of company stock valued at $589,131 over the last ninety days. 7.11% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Benchmark restated a “hold” rating on shares of Pinterest in a report on Friday, November 8th. Oppenheimer cut their price target on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. KeyCorp decreased their price objective on shares of Pinterest from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Robert W. Baird cut their target price on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Wedbush upgraded Pinterest from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.70.

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.