Pinterest, Inc. (NYSE:PINS) Shares Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC boosted its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 211.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,106 shares of the company's stock after purchasing an additional 44,869 shares during the quarter. Diversify Advisory Services LLC's holdings in Pinterest were worth $2,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Brown Shipley& Co Ltd purchased a new position in shares of Pinterest during the second quarter valued at $25,000. GAMMA Investing LLC grew its holdings in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after acquiring an additional 415 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Pinterest during the 3rd quarter valued at about $37,000. Crewe Advisors LLC raised its holdings in shares of Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock valued at $37,000 after purchasing an additional 550 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Pinterest by 8,261.1% in the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock worth $49,000 after purchasing an additional 1,487 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 11,862 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total transaction of $365,586.84. Following the transaction, the insider now owns 246,921 shares of the company's stock, valued at approximately $7,610,105.22. The trade was a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total transaction of $34,189.50. Following the sale, the director now owns 32,536 shares of the company's stock, valued at approximately $967,295.28. The trade was a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,157 shares of company stock valued at $589,131. Corporate insiders own 7.11% of the company's stock.

Pinterest Stock Performance

Shares of NYSE PINS traded up $0.11 during mid-day trading on Monday, reaching $30.50. The company's stock had a trading volume of 7,837,399 shares, compared to its average volume of 7,792,416. The stock has a 50-day moving average of $30.41 and a two-hundred day moving average of $32.24. The stock has a market capitalization of $20.61 billion, a P/E ratio of 101.65, a P/E/G ratio of 1.52 and a beta of 1.04. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19.

Analyst Ratings Changes

Several equities analysts recently issued reports on PINS shares. Monness Crespi & Hardt raised shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price objective on the stock in a report on Friday, January 10th. Roth Mkm lowered their target price on shares of Pinterest from $39.00 to $33.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered their target price on shares of Pinterest from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Robert W. Baird dropped their price target on Pinterest from $41.00 to $36.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Finally, Raymond James cut their price objective on shares of Pinterest from $40.00 to $34.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.