Quadrature Capital Ltd Sells 437,634 Shares of Pinterest, Inc. (NYSE:PINS)

Quadrature Capital Ltd lessened its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 89.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,292 shares of the company's stock after selling 437,634 shares during the quarter. Quadrature Capital Ltd's holdings in Pinterest were worth $1,693,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PINS. Brown Shipley& Co Ltd bought a new stake in Pinterest in the second quarter valued at about $25,000. Wellington Shields Capital Management LLC bought a new stake in shares of Pinterest in the 2nd quarter valued at about $26,000. Hexagon Capital Partners LLC raised its position in shares of Pinterest by 157.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company's stock valued at $33,000 after acquiring an additional 459 shares during the period. 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 worth $34,000 after acquiring an additional 405 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in Pinterest during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Buying and Selling at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction 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 approximately $7,610,105.22. This trade represents a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Donnelly Julia Brau sold 30,280 shares of the company's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the completion of the transaction, the chief financial officer now directly owns 297,351 shares in the company, valued at approximately $9,729,324.72. This represents a 9.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,287 shares of company stock worth $1,547,820 over the last ninety days. Insiders own 7.11% of the company's stock.

Pinterest Stock Up 2.2 %

Shares of NYSE PINS traded up $0.70 during midday trading on Friday, hitting $32.28. 9,242,646 shares of the company's stock were exchanged, compared to its average volume of 13,634,317. The firm has a market capitalization of $21.82 billion, a PE ratio of 107.60, a price-to-earnings-growth ratio of 2.28 and a beta of 1.02. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19. The company's 50 day moving average price is $31.77 and its 200 day moving average price is $35.02.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PINS shares. Benchmark reiterated a "hold" rating on shares of Pinterest in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their target price on Pinterest from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. Robert W. Baird lowered their price target on Pinterest from $41.00 to $36.00 and set an "outperform" rating for the company in a report on Friday, November 8th. KeyCorp dropped their price target on Pinterest from $45.00 to $39.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. Finally, Raymond James decreased their price objective on Pinterest from $40.00 to $34.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.65.

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.