Mediolanum International Funds Ltd Takes Position in Pinterest, Inc. (NYSE:PINS)

Mediolanum International Funds Ltd purchased a new position in shares of Pinterest, Inc. (NYSE:PINS) during the 4th quarter, Holdings Channel.com reports. The firm purchased 57,582 shares of the company’s stock, valued at approximately $1,674,000.

Several other large investors also recently bought and sold shares of PINS. GAMMA Investing LLC boosted its holdings in Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Pinterest in the 3rd quarter valued at approximately $37,000. Crewe Advisors LLC boosted its stake in shares of Pinterest by 91.1% in 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 in the last quarter. True Wealth Design LLC raised its position in Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after acquiring an additional 1,487 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in Pinterest by 44.2% in the third quarter. Rakuten Securities Inc. now owns 2,294 shares of the company’s stock valued at $74,000 after acquiring an additional 703 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

PINS has been the topic of a number of research analyst reports. Raymond James decreased 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. Monness Crespi & Hardt raised Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research note 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. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $41.00 price target on shares of Pinterest in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.70.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total value of $35,627.00. Following the transaction, the director now owns 31,386 shares in the company, valued at approximately $972,338.28. This represents a 3.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total transaction of $365,586.84. Following the sale, the insider now directly owns 246,921 shares of the company’s stock, valued at $7,610,105.22. This trade represents a 4.58 % decrease in their position. 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. Company insiders own 7.11% of the company’s stock.

Pinterest Price Performance

Shares of PINS opened at $32.99 on Monday. The company has a 50-day moving average of $31.01 and a two-hundred day moving average of $31.65. The stock has a market cap of $22.30 billion, a price-to-earnings ratio of 109.98, a PEG ratio of 1.69 and a beta of 1.04. Pinterest, Inc. has a one year low of $27.00 and a one year 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.