Pinterest, Inc. (NYSE:PINS) Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 74.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,178 shares of the company's stock after selling 57,771 shares during the period. Tidal Investments LLC's holdings in Pinterest were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PINS. Brown Shipley& Co Ltd bought a new stake in Pinterest in the 2nd quarter valued at $25,000. Wellington Shields Capital Management LLC bought a new stake in Pinterest in the 2nd quarter worth approximately $26,000. Rothschild Investment LLC purchased a new stake in shares of Pinterest during the 2nd quarter worth approximately $35,000. V Square Quantitative Management LLC bought a new position in shares of Pinterest during the 3rd quarter valued at approximately $37,000. Finally, Crewe Advisors LLC grew its holdings in shares of Pinterest by 91.1% in the third 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. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Down 0.4 %

NYSE:PINS traded down $0.12 during mid-day trading on Friday, reaching $29.49. The company's stock had a trading volume of 16,807,285 shares, compared to its average volume of 9,722,691. The firm has a market capitalization of $19.93 billion, a PE ratio of 98.30, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The stock has a fifty day moving average of $31.31 and a 200-day moving average of $34.23. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19.

Insider Activity at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest 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 transaction, the chief financial officer now directly owns 297,351 shares of the company's stock, valued at approximately $9,729,324.72. The trade was a 9.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Andrea Acosta sold 3,845 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total value of $118,733.60. Following the sale, the chief accounting officer now owns 158,468 shares of the company's stock, valued at approximately $4,893,491.84. This represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,437 shares of company stock valued at $1,583,447 over the last ninety days. 7.11% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on PINS. Benchmark reaffirmed a "hold" rating on shares of Pinterest in a research note on Friday, November 8th. KeyCorp decreased their target price 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. Cantor Fitzgerald reiterated an "overweight" rating and issued a $41.00 price target on shares of Pinterest in a research report on Monday, October 7th. Robert W. Baird decreased their price objective on Pinterest from $41.00 to $36.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Finally, Oppenheimer lowered their price objective on Pinterest from $45.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.46.

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.