OLD National Bancorp IN Grows Stock Holdings in Pinterest, Inc. (NYSE:PINS)

OLD National Bancorp IN increased its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 448,099 shares of the company's stock after buying an additional 14,968 shares during the quarter. OLD National Bancorp IN owned about 0.07% of Pinterest worth $12,995,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PINS. GAMMA Investing LLC grew its stake in Pinterest by 63.5% in 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 worth $37,000. Crewe Advisors LLC raised its position in Pinterest by 91.1% during 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. True Wealth Design LLC grew its position 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 worth $49,000 after buying an additional 1,487 shares in the last quarter. Finally, Rakuten Securities Inc. increased its position in Pinterest by 44.2% during the 3rd quarter. Rakuten Securities Inc. now owns 2,294 shares of the company's stock valued at $74,000 after purchasing an additional 703 shares during the period. Institutional investors own 88.81% of the company's stock.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total value of $34,189.50. Following the sale, the director now directly owns 32,536 shares of the company's stock, valued at approximately $967,295.28. The trade was a 3.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction 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 completion of the sale, the insider now directly owns 246,921 shares of the company's stock, 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 have sold a total of 19,157 shares of company stock valued at $589,131 in the last 90 days. 7.11% of the stock is owned by insiders.

Pinterest Stock Performance

Shares of PINS traded down $0.10 during trading hours on Monday, hitting $32.86. 4,484,139 shares of the stock were exchanged, compared to its average volume of 10,054,896. The stock's 50-day moving average price is $31.01 and its two-hundred day moving average price is $31.65. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The company has a market cap of $22.20 billion, a price-to-earnings ratio of 109.86, a price-to-earnings-growth ratio of 1.68 and a beta of 1.04.

Wall Street Analyst Weigh In

PINS has been the topic of a number of recent research reports. Jefferies Financial Group reiterated a "hold" rating and set a $32.00 price objective (down from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Morgan Stanley boosted their price target on Pinterest from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. UBS Group reduced their price objective on shares of Pinterest from $52.00 to $46.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $48.00 price target on shares of Pinterest in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $41.00 price target on shares of Pinterest in a research note on Monday, October 7th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.70.

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.