Pallas Capital Advisors LLC increased its position in shares of Pinterest, Inc. (NYSE:PINS – Free Report) by 49.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,304 shares of the company’s stock after purchasing an additional 7,709 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Pinterest were worth $676,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Brown Shipley& Co Ltd acquired a new stake in shares of Pinterest in the second quarter valued at about $25,000. GAMMA Investing LLC boosted its holdings in shares of Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after purchasing an additional 415 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Pinterest in the third quarter valued at approximately $37,000. Crewe Advisors LLC increased its stake in shares of Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after acquiring an additional 550 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after purchasing an additional 1,487 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.
Pinterest Trading Down 2.0 %
NYSE PINS opened at $29.79 on Wednesday. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The stock has a market cap of $20.13 billion, a P/E ratio of 99.30, a PEG ratio of 2.17 and a beta of 1.04. The company’s fifty day simple moving average is $30.52 and its 200-day simple moving average is $32.60.
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Analyst Ratings Changes
A number of equities analysts recently weighed in on PINS shares. JPMorgan Chase & Co. lowered their price objective on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Oppenheimer decreased their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Wedbush raised Pinterest from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Robert W. Baird decreased their price objective on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Wells Fargo & Company lowered their price target on Pinterest from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Monday. Nine research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.86.
Get Our Latest Stock Report on PINS
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.
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