Charles Schwab Investment Management Inc. Has $137.67 Million Holdings in Pinterest, Inc. (NYSE:PINS)

Charles Schwab Investment Management Inc. boosted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,252,996 shares of the company's stock after acquiring an additional 87,041 shares during the period. Charles Schwab Investment Management Inc. owned 0.62% of Pinterest worth $137,669,000 at the end of the most recent reporting period.

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

Pinterest Price Performance

Shares of NYSE PINS traded up $0.49 during trading hours on Monday, hitting $30.51. 12,195,470 shares of the company's stock were exchanged, compared to its average volume of 9,641,784. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The stock has a market capitalization of $20.62 billion, a price-to-earnings ratio of 100.07, a PEG ratio of 2.15 and a beta of 1.02. The company's 50-day moving average price is $31.73 and its 200-day moving average price is $35.76.

Insider Transactions at Pinterest

In related news, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction 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 $9,729,324.72. This trade represents a 9.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company's 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 $1,129,154.72. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,580 shares of company stock worth $1,063,499. 7.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PINS shares. Wells Fargo & Company lowered their price target on Pinterest from $49.00 to $41.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 31st. Evercore ISI cut their price target on shares of Pinterest from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Wednesday, July 31st. Benchmark reaffirmed a "hold" rating on shares of Pinterest in a research note on Friday, November 8th. Wedbush raised shares of Pinterest from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pinterest in a research report on Monday, September 23rd. They issued a "buy" rating and a $43.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Pinterest has an average rating of "Moderate Buy" and a consensus 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.