Vinva Investment Management Ltd Has $1.14 Million Stock Position in Pinterest, Inc. (NYSE:PINS)

Vinva Investment Management Ltd decreased its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 87.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,063 shares of the company's stock after selling 253,519 shares during the period. Vinva Investment Management Ltd's holdings in Pinterest were worth $1,139,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PINS. Tidal Investments LLC grew its stake in shares of Pinterest by 38.2% in the first quarter. Tidal Investments LLC now owns 62,374 shares of the company's stock worth $2,163,000 after acquiring an additional 17,241 shares during the last quarter. Comerica Bank lifted its position in Pinterest by 5.4% in the first quarter. Comerica Bank now owns 49,865 shares of the company's stock worth $1,729,000 after purchasing an additional 2,561 shares during the period. Virtu Financial LLC lifted its position in Pinterest by 93.7% in the first quarter. Virtu Financial LLC now owns 11,099 shares of the company's stock worth $385,000 after purchasing an additional 5,368 shares during the period. Swedbank AB bought a new position in Pinterest in the first quarter worth $1,714,000. Finally, Cetera Investment Advisers lifted its position in Pinterest by 103.4% in the first quarter. Cetera Investment Advisers now owns 63,535 shares of the company's stock worth $2,203,000 after purchasing an additional 32,305 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Buying and Selling

In other news, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest 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 transaction, the chief financial officer now owns 297,351 shares in the company, valued at $9,729,324.72. The trade was a 9.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the completion of the sale, the director now owns 33,686 shares in the company, valued at $1,129,154.72. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,287 shares of company stock worth $1,547,820 over the last three months. 7.11% of the stock is currently owned by company insiders.

Pinterest Stock Performance

PINS stock remained flat at $30.32 during midday trading on Friday. The company had a trading volume of 3,510,815 shares, compared to its average volume of 9,619,156. The business's fifty day moving average price is $31.80 and its two-hundred day moving average price is $35.44. The company has a market capitalization of $20.49 billion, a price-to-earnings ratio of 101.07, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19.

Analyst Ratings Changes

Several research analysts recently commented on the company. Robert W. Baird reduced their target price on Pinterest from $41.00 to $36.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Piper Sandler reaffirmed an "overweight" rating and issued a $41.00 target price (down from $45.00) on shares of Pinterest in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $41.00 target price on shares of Pinterest in a research report on Monday, October 7th. JPMorgan Chase & Co. reduced their target price on Pinterest from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Finally, Wedbush raised Pinterest from a "hold" rating to a "strong-buy" rating in a report on Monday, November 11th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Pinterest has an average rating of "Moderate Buy" and a consensus price target of $41.63.

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.