Pinterest, Inc. (NYSE:PINS) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 844,187 shares of the company's stock after acquiring an additional 32,539 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.12% of Pinterest worth $27,326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brown Shipley& Co Ltd bought a new stake in Pinterest in the 2nd quarter valued at about $25,000. Wellington Shields Capital Management LLC bought a new position in shares of Pinterest in the second quarter valued at $26,000. Hexagon Capital Partners LLC raised its holdings in shares of Pinterest by 157.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company's stock worth $33,000 after acquiring an additional 459 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 purchasing an additional 405 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in Pinterest during the second quarter worth $35,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PINS has been the topic of a number of analyst reports. Barclays cut their price objective on shares of Pinterest from $38.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 31st. KeyCorp decreased their price objective on shares of Pinterest from $45.00 to $39.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Rosenblatt Securities reduced their price target on shares of Pinterest from $48.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Pinterest in a research note on Monday, September 23rd. They issued a "buy" rating and a $43.00 target price on the stock. Finally, UBS Group decreased their price objective on Pinterest from $52.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Pinterest currently has an average rating of "Moderate Buy" and an average price target of $41.86.

Insider Buying and Selling at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following the sale, the director now owns 33,686 shares in the company, valued at approximately $1,129,154.72. This trade represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Donnelly Julia Brau sold 30,280 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now owns 297,351 shares of the company's stock, valued at approximately $9,729,324.72. This trade represents a 9.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,580 shares of company stock worth $1,063,499. Company insiders own 7.11% of the company's stock.

Pinterest Stock Up 1.6 %

Shares of NYSE PINS traded up $0.49 during mid-day trading on Tuesday, reaching $31.00. 9,661,363 shares of the company were exchanged, compared to its average volume of 9,660,320. The firm has a 50-day moving average of $31.77 and a 200 day moving average of $35.67. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The stock has a market cap of $20.95 billion, a price-to-earnings ratio of 103.60, a P/E/G ratio of 2.15 and a beta of 1.02.

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.