19,050 Shares in Pinterest, Inc. (NYSE:PINS) Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,050 shares of the company's stock, valued at approximately $617,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PINS. Brown Shipley& Co Ltd bought a new stake in shares of Pinterest during the second quarter valued at approximately $25,000. Wellington Shields Capital Management LLC bought a new stake in shares of Pinterest during the second quarter valued at approximately $26,000. Rothschild Investment LLC bought a new stake in shares of Pinterest during the second quarter valued at approximately $35,000. V Square Quantitative Management LLC purchased a new position in Pinterest during the third quarter valued at approximately $37,000. Finally, Crewe Advisors LLC increased its holdings in Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock valued at $37,000 after buying an additional 550 shares during the period. Institutional investors own 88.81% of the company's stock.

Insider Buying and Selling at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total value of $38,548.00. Following the sale, the director now directly owns 33,686 shares of the company's stock, valued at $1,129,154.72. The trade was a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $365,586.84. Following the completion of the sale, the insider now directly owns 246,921 shares in the company, valued at $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,287 shares of company stock valued at $1,547,820. Company insiders own 7.11% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PINS. Oppenheimer cut their price objective on shares of Pinterest from $45.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Wedbush raised shares of Pinterest from a "hold" rating to a "strong-buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. cut their price objective on shares of Pinterest from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. Raymond James cut their price objective on shares of Pinterest from $40.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Finally, TD Cowen assumed coverage on shares of Pinterest in a report on Tuesday, November 26th. They issued a "buy" rating and a $38.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.46.

Pinterest Trading Down 0.6 %

PINS traded down $0.19 during trading on Friday, hitting $30.65. The company's stock had a trading volume of 9,687,305 shares, compared to its average volume of 9,658,982. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The business's fifty day simple moving average is $31.70 and its 200 day simple moving average is $34.80. The firm has a market capitalization of $20.71 billion, a price-to-earnings ratio of 102.17, a P/E/G ratio of 2.26 and a beta of 1.02.

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.