International Assets Investment Management LLC Has $922,000 Stock Holdings in Pinterest, Inc. (NYSE:PINS)

International Assets Investment Management LLC grew its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 3,154.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,845 shares of the company’s stock after acquiring an additional 28,928 shares during the period. International Assets Investment Management LLC’s holdings in Pinterest were worth $922,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brown Shipley& Co Ltd purchased a new stake in Pinterest in the 2nd quarter valued at $25,000. Wellington Shields Capital Management LLC purchased a new stake in Pinterest in the 2nd quarter worth about $26,000. Hexagon Capital Partners LLC raised its position in shares of Pinterest by 157.7% in 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 during the period. GAMMA Investing LLC raised its holdings in Pinterest by 113.4% during the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after acquiring an additional 405 shares during the period. Finally, Rothschild Investment LLC bought a new stake in shares of Pinterest during the 2nd quarter valued at $35,000. 88.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 transaction of $990,761.60. Following the completion of the sale, the chief financial officer now owns 297,351 shares in the company, valued at $9,729,324.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total value of $38,548.00. Following the transaction, the director now owns 33,686 shares in the company, valued at $1,129,154.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were 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 in the company, valued at approximately $9,729,324.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

PINS has been the topic of a number of recent analyst reports. Raymond James lowered their price objective on Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $41.00 price target on shares of Pinterest in a research note on Monday, October 7th. Evercore ISI lowered their target price on Pinterest from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and issued a $45.00 price target on shares of Pinterest in a report on Friday, September 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $48.00 target price on shares of Pinterest in a report on Thursday, September 12th. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.56.

Pinterest Price Performance

Shares of Pinterest stock opened at $32.28 on Tuesday. The stock has a market capitalization of $22.15 billion, a price-to-earnings ratio of 119.56, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. The business has a 50-day moving average of $31.75 and a 200 day moving average of $36.37. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19.

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.