Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 343,200 Pinterest, Inc. (NYSE:PINS)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Pinterest, Inc. (NYSE:PINS) during the third quarter, Holdings Channel reports. The firm acquired 343,200 shares of the company’s stock, valued at approximately $11,109,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PINS. Tidal Investments LLC raised its stake in shares of Pinterest by 38.2% in the 1st quarter. Tidal Investments LLC now owns 62,374 shares of the company’s stock worth $2,163,000 after buying an additional 17,241 shares in the last quarter. Comerica Bank raised its stake in shares of Pinterest by 5.4% in the 1st quarter. Comerica Bank now owns 49,865 shares of the company’s stock worth $1,729,000 after buying an additional 2,561 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in shares of Pinterest in the 1st quarter worth $722,000. Virtu Financial LLC raised its stake in shares of Pinterest by 93.7% in the 1st quarter. Virtu Financial LLC now owns 11,099 shares of the company’s stock worth $385,000 after buying an additional 5,368 shares in the last quarter. Finally, Swedbank AB bought a new stake in shares of Pinterest in the 1st quarter worth $1,714,000. Institutional investors 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 value of $990,761.60. Following the transaction, the chief financial officer now directly owns 297,351 shares in the company, valued at approximately $9,729,324.72. The trade was a 9.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total value of $34,189.50. Following the transaction, the director now directly owns 32,536 shares of the company’s stock, valued at $967,295.28. This represents a 3.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,580 shares of company stock worth $1,063,499. 7.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PINS shares. UBS Group decreased their target price on Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Oppenheimer decreased their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and issued a $48.00 target price on shares of Pinterest in a report on Thursday, September 12th. Rosenblatt Securities decreased their target price on Pinterest from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Robert W. Baird decreased their target price on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Seven research 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. According to MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.63.

Pinterest Price Performance

Shares of NYSE:PINS opened at $30.32 on Friday. The stock has a market capitalization of $20.49 billion, a P/E ratio of 101.07, a P/E/G ratio of 2.17 and a beta of 1.02. The business has a 50-day moving average of $31.80 and a two-hundred day moving average of $35.52. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19.

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.