Pinterest, Inc. (NYSE:PINS) Shares Bought by Paloma Partners Management Co

Paloma Partners Management Co increased its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 1,328.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the company's stock after purchasing an additional 55,800 shares during the period. Paloma Partners Management Co's holdings in Pinterest were worth $1,942,000 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 raised its stake 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 purchasing an additional 313 shares during the period. Raymond James Trust N.A. raised its holdings in shares of Pinterest by 1.1% during the second quarter. Raymond James Trust N.A. now owns 30,012 shares of the company's stock worth $1,323,000 after purchasing an additional 319 shares during the period. Hantz Financial Services Inc. lifted 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 purchasing an additional 339 shares during the last quarter. Leibman Financial Services Inc. grew its position in Pinterest by 1.2% in the 3rd quarter. Leibman Financial Services Inc. now owns 31,758 shares of the company's stock worth $1,028,000 after purchasing an additional 368 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Pinterest by 0.7% during the second quarter. Toronto Dominion Bank now owns 56,961 shares of the company's stock valued at $2,510,000 after purchasing an additional 372 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Trading Up 2.9 %

Shares of PINS stock traded up $0.89 during trading hours on Tuesday, reaching $31.32. The company's stock had a trading volume of 12,119,256 shares, compared to its average volume of 9,627,478. The firm's fifty day simple moving average is $31.80 and its 200 day simple moving average is $35.18. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The stock has a market capitalization of $21.16 billion, a P/E ratio of 104.39, a P/E/G ratio of 2.18 and a beta of 1.02.

Insider Buying and Selling

In other news, CFO Donnelly Julia Brau sold 30,280 shares of the firm's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the sale, the chief financial officer now directly owns 297,351 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Andrea Acosta sold 3,845 shares of Pinterest stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the sale, the chief accounting officer now owns 158,468 shares in the company, valued at approximately $4,893,491.84. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,287 shares of company stock worth $1,547,820 in the last three months. 7.11% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. KeyCorp dropped their price target on shares of Pinterest from $45.00 to $39.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft began coverage on Pinterest in a report on Monday, September 23rd. They set a "buy" rating and a $43.00 target price on the stock. Robert W. Baird lowered their price target on Pinterest from $41.00 to $36.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Roth Mkm cut their price objective on shares of Pinterest from $39.00 to $33.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Finally, Rosenblatt Securities decreased their price target on Pinterest from $48.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.65.

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.