Pinterest, Inc. (NYSE:PINS) Position Cut by Chicago Capital LLC

Chicago Capital LLC trimmed its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,423,898 shares of the company's stock after selling 40,330 shares during the period. Chicago Capital LLC owned approximately 0.21% of Pinterest worth $41,293,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its holdings in Pinterest by 5.2% during the third quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company's stock worth $205,000 after buying an additional 313 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Pinterest by 3.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company's stock worth $304,000 after acquiring an additional 339 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Pinterest by 2.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company's stock worth $366,000 after purchasing an additional 342 shares during the period. Leibman Financial Services Inc. boosted its position in shares of Pinterest by 1.2% in the 3rd quarter. Leibman Financial Services Inc. now owns 31,758 shares of the company's stock valued at $1,028,000 after purchasing an additional 368 shares during the period. Finally, Commerce Bank increased its stake in Pinterest by 3.3% in the 3rd quarter. Commerce Bank now owns 11,868 shares of the company's stock worth $384,000 after purchasing an additional 378 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total value of $34,994.50. Following the completion of the sale, the director now directly owns 30,236 shares of the company's stock, valued at $920,081.48. This represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was 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 in the company, valued at approximately $7,610,105.22. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,157 shares of company stock valued at $589,131 in the last 90 days. 7.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on PINS. Morgan Stanley raised their target price on shares of Pinterest from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. TD Cowen began coverage on shares of Pinterest in a research report on Tuesday, November 26th. They set a "buy" rating and a $38.00 price objective on the stock. Wells Fargo & Company decreased their target price on Pinterest from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Wedbush reissued an "outperform" rating and issued a $38.00 price objective on shares of Pinterest in a research note on Tuesday, January 28th. Finally, Roth Mkm lowered their target price on Pinterest from $39.00 to $33.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.70.

Pinterest Stock Performance

Shares of NYSE:PINS opened at $32.99 on Monday. The stock's 50-day moving average is $31.01 and its 200-day moving average is $31.65. The company has a market cap of $22.30 billion, a P/E ratio of 109.98, a P/E/G ratio of 1.68 and a beta of 1.06. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19.

Pinterest Company 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.

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