Dynamic Technology Lab Private Ltd Increases Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Dynamic Technology Lab Private Ltd increased its holdings in Pinterest, Inc. (NYSE:PINS) by 19.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,225 shares of the company’s stock after buying an additional 4,656 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Pinterest were worth $913,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Leibman Financial Services Inc. grew its position in shares of Pinterest by 0.9% in the second quarter. Leibman Financial Services Inc. now owns 31,390 shares of the company’s stock valued at $1,383,000 after purchasing an additional 266 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Pinterest by 5.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock valued at $205,000 after buying an additional 313 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Pinterest by 1.1% during the 2nd quarter. Raymond James Trust N.A. now owns 30,012 shares of the company’s stock valued at $1,323,000 after buying an additional 319 shares during the last quarter. Toronto Dominion Bank increased its position in Pinterest by 0.7% during the second quarter. Toronto Dominion Bank now owns 56,961 shares of the company’s stock worth $2,510,000 after buying an additional 372 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. raised its holdings in shares of Pinterest by 1.6% in the second quarter. Cornercap Investment Counsel Inc. now owns 23,197 shares of the company’s stock worth $1,022,000 after acquiring an additional 373 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup dropped their price objective on Pinterest from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $48.00 price objective on shares of Pinterest in a research report on Thursday, September 12th. KeyCorp lowered their target price on shares of Pinterest from $45.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Evercore ISI reduced their price target on Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $41.00 price objective on shares of Pinterest in a research report on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.63.

Pinterest Price Performance

Shares of Pinterest stock opened at $30.33 on Thursday. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The company has a market capitalization of $20.50 billion, a PE ratio of 101.10, a P/E/G ratio of 2.19 and a beta of 1.02. The business has a 50-day moving average of $31.81 and a 200-day moving average of $35.56.

Insider Activity at Pinterest

In related 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 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 trade represents a 9.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gokul Rajaram sold 1,150 shares of the company’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 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. Over the last 90 days, insiders sold 32,580 shares of company stock valued at $1,063,499. Insiders own 7.11% of the company’s stock.

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.