Chicago Partners Investment Group LLC Acquires Shares of 8,358 Pinterest, Inc. (NYSE:PINS)

Chicago Partners Investment Group LLC purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,358 shares of the company’s stock, valued at approximately $258,000.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after buying an additional 415 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Pinterest in the 3rd quarter worth $37,000. Crewe Advisors LLC lifted 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 valued at $37,000 after acquiring an additional 550 shares during the last quarter. True Wealth Design LLC boosted its holdings in Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after acquiring an additional 1,487 shares during the period. Finally, Rakuten Securities Inc. grew its position in Pinterest by 44.2% during the 3rd quarter. Rakuten Securities Inc. now owns 2,294 shares of the company’s stock worth $74,000 after acquiring an additional 703 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PINS. TD Cowen started coverage on shares of Pinterest in a report on Tuesday, November 26th. They set a “buy” rating and a $38.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and issued a $48.00 price objective on shares of Pinterest in a report on Tuesday, December 10th. Morgan Stanley raised their target price on Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. lowered their price target 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. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.70.

Pinterest Price Performance

PINS opened at $33.40 on Wednesday. The firm has a market capitalization of $22.57 billion, a PE ratio of 111.35, a price-to-earnings-growth ratio of 1.68 and a beta of 1.06. The business’s 50-day moving average is $31.11 and its two-hundred day moving average is $31.54. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19.

Insider Transactions at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,862 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the sale, the insider now 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60. Following the transaction, the chief accounting officer now directly owns 158,468 shares of the company’s stock, valued at $4,893,491.84. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,157 shares of company stock valued at $589,131 in the last quarter. 7.11% of the stock is currently owned by corporate insiders.

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.