Diversified Trust Co Decreases Holdings in Pinterest, Inc. (NYSE:PINS)

Diversified Trust Co lowered its stake in shares of Pinterest, Inc. (NYSE:PINS) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,370 shares of the company’s stock after selling 1,682 shares during the period. Diversified Trust Co’s holdings in Pinterest were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp increased its stake in Pinterest by 1.2% during the 3rd quarter. State Street Corp now owns 12,773,652 shares of the company’s stock worth $413,483,000 after buying an additional 156,748 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Pinterest by 0.8% during the third quarter. Geode Capital Management LLC now owns 9,466,585 shares of the company’s stock worth $305,710,000 after purchasing an additional 76,920 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in Pinterest by 51.5% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company’s stock valued at $285,248,000 after purchasing an additional 2,996,750 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Pinterest by 8.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,944,489 shares of the company’s stock worth $192,423,000 after purchasing an additional 460,708 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Pinterest during the 3rd quarter worth $153,829,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of the business’s 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the completion of the sale, the director now owns 33,686 shares in the company, valued at approximately $1,129,154.72. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,157 shares of company stock worth $592,685. Company insiders own 7.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PINS. UBS Group decreased their price target on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Benchmark reaffirmed a “hold” rating on shares of Pinterest in a report on Friday, November 8th. Raymond James dropped their target price on Pinterest from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, November 8th. TD Cowen began coverage on Pinterest in a report on Tuesday, November 26th. They set a “buy” rating and a $38.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pinterest in a report on Monday, September 23rd. They issued a “buy” rating and a $43.00 price objective for the company. Eight research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Pinterest presently has an average rating of “Moderate Buy” and a consensus target price of $41.46.

Pinterest Stock Down 3.0 %

Shares of PINS stock opened at $30.84 on Friday. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The firm has a 50 day moving average of $30.66 and a two-hundred day moving average of $33.06. The stock has a market capitalization of $20.84 billion, a PE ratio of 102.80, a P/E/G ratio of 2.17 and a beta of 1.04.

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.