Linden Thomas Advisory Services LLC Acquires 2,472 Shares of Pinterest, Inc. (NYSE:PINS)

Linden Thomas Advisory Services LLC lifted its holdings in Pinterest, Inc. (NYSE:PINS) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,046 shares of the company’s stock after acquiring an additional 2,472 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Pinterest were worth $1,045,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Maverick Capital Ltd. boosted its stake in shares of Pinterest by 47.6% in the third quarter. Maverick Capital Ltd. now owns 57,180 shares of the company’s stock worth $1,851,000 after acquiring an additional 18,430 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Pinterest by 8.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company’s stock worth $49,855,000 after acquiring an additional 119,367 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Pinterest by 4.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company’s stock worth $27,326,000 after acquiring an additional 32,539 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Pinterest by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,252,996 shares of the company’s stock worth $137,669,000 after buying an additional 87,041 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in shares of Pinterest by 20.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 404,296 shares of the company’s stock worth $13,087,000 after buying an additional 68,096 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Pinterest Trading Up 0.3 %

NYSE PINS opened at $32.92 on Friday. The stock has a market capitalization of $22.25 billion, a price-to-earnings ratio of 109.72, a PEG ratio of 1.61 and a beta of 1.04. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The stock has a 50-day moving average of $30.64 and a 200 day moving average of $32.01.

Analysts Set New Price Targets

A number of research firms recently commented on PINS. KeyCorp decreased their target price on Pinterest from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Monness Crespi & Hardt upgraded Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday, January 10th. 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 research report on Friday, November 8th. Raymond James decreased their target price on Pinterest from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.70.

Insider Buying and Selling

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,862 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the sale, the insider now directly owns 246,921 shares in the company, valued at approximately $7,610,105.22. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the sale, the director now owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,157 shares of company stock valued at $589,131. 7.11% of the stock is owned by company insiders.

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.