Toronto Dominion Bank Has $2.52 Million Holdings in Pinterest, Inc. (NYSE:PINS)

Toronto Dominion Bank grew its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 36.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,842 shares of the company's stock after buying an additional 20,881 shares during the quarter. Toronto Dominion Bank's holdings in Pinterest were worth $2,520,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its stake in Pinterest by 1.2% in the 3rd quarter. State Street Corp now owns 12,773,652 shares of the company's stock valued at $413,483,000 after buying an additional 156,748 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of Pinterest by 9.5% in the 2nd quarter. Baillie Gifford & Co. now owns 10,116,139 shares of the company's stock valued at $445,818,000 after purchasing an additional 880,398 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Pinterest by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 9,466,585 shares of the company's stock worth $305,710,000 after purchasing an additional 76,920 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Pinterest by 51.5% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company's stock worth $285,248,000 after purchasing an additional 2,996,750 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Pinterest by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,960,861 shares of the company's stock valued at $262,695,000 after purchasing an additional 380,431 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on PINS shares. Benchmark reaffirmed a "hold" rating on shares of Pinterest in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Pinterest in a research report on Monday, September 23rd. They set a "buy" rating and a $43.00 price target on the stock. KeyCorp cut their price objective on Pinterest from $45.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Wedbush upgraded Pinterest from a "hold" rating to a "strong-buy" rating in a report on Monday, November 11th. Finally, Raymond James cut their price target on Pinterest from $40.00 to $34.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Eight equities research 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $41.46.

Pinterest Stock Performance

PINS stock traded down $0.35 during midday trading on Monday, hitting $30.30. 13,341,416 shares of the company's stock were exchanged, compared to its average volume of 9,674,554. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The company has a market cap of $20.48 billion, a PE ratio of 100.80, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The stock's fifty day moving average price is $31.65 and its 200-day moving average price is $34.62.

Insider Activity at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 in the company, valued at approximately $4,893,491.84. The trade was a 2.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the transaction, the chief financial officer now owns 297,351 shares of the company's stock, valued at $9,729,324.72. The trade was a 9.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 48,287 shares of company stock worth $1,547,820. 7.11% of the stock is owned by company insiders.

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.