Baltimore Washington Financial Advisors Inc. Has $3.25 Million Holdings in Pinterest, Inc. (NYSE:PINS)

Baltimore Washington Financial Advisors Inc. decreased its position in shares of Pinterest, Inc. (NYSE:PINS) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,298 shares of the company’s stock after selling 859 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Pinterest were worth $3,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PINS. Brown Shipley& Co Ltd bought a new position in shares of Pinterest during the second quarter valued at $25,000. Wellington Shields Capital Management LLC bought a new position in Pinterest during the second quarter worth $26,000. Hexagon Capital Partners LLC raised its stake in Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after buying an additional 459 shares during the last quarter. GAMMA Investing LLC raised its stake in Pinterest by 113.4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after buying an additional 405 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in Pinterest during the second quarter worth $35,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the completion of the sale, the chief financial officer now directly owns 297,351 shares of the company’s stock, valued at approximately $9,729,324.72. This trade represents a 9.24 % decrease in their position. The transaction 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 dated Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total transaction of $34,189.50. Following the completion of the sale, the director now directly owns 32,536 shares of the company’s stock, valued at approximately $967,295.28. This represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,580 shares of company stock valued at $1,063,499 in the last quarter. Insiders own 7.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Pinterest in a research note on Monday, September 23rd. They issued a “buy” rating and a $43.00 price target for the company. Wedbush upgraded shares of Pinterest from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Barclays cut their price target on shares of Pinterest from $38.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 31st. Robert W. Baird lowered their price objective on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Citigroup lowered their price objective on shares of Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Pinterest has an average rating of “Moderate Buy” and an average target price of $42.00.

Pinterest Stock Performance

PINS stock opened at $30.02 on Friday. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The firm’s fifty day moving average is $31.73 and its 200 day moving average is $35.85. The firm has a market cap of $20.29 billion, a P/E ratio of 100.07, a P/E/G ratio of 2.10 and a beta of 1.02.

Pinterest Company 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.