Pinterest, Inc. (NYSE:PINS) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its stake in shares of Pinterest, Inc. (NYSE:PINS) by 19.8% in the 3rd quarter, Holdings Channel reports. The firm owned 28,225 shares of the company’s stock after acquiring an additional 4,656 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Pinterest were worth $913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PINS. Tidal Investments LLC increased its position in Pinterest by 38.2% in the first quarter. Tidal Investments LLC now owns 62,374 shares of the company’s stock worth $2,163,000 after buying an additional 17,241 shares during the period. Comerica Bank increased its holdings in shares of Pinterest by 5.4% in the 1st quarter. Comerica Bank now owns 49,865 shares of the company’s stock worth $1,729,000 after acquiring an additional 2,561 shares during the period. iA Global Asset Management Inc. acquired a new stake in shares of Pinterest in the 1st quarter worth about $722,000. Plato Investment Management Ltd lifted its position in Pinterest by 398.3% in the 1st quarter. Plato Investment Management Ltd now owns 8,655 shares of the company’s stock valued at $300,000 after purchasing an additional 6,918 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in Pinterest by 93.7% during the 1st quarter. Virtu Financial LLC now owns 11,099 shares of the company’s stock valued at $385,000 after purchasing an additional 5,368 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Stock Performance

Pinterest stock opened at $30.33 on Thursday. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The firm has a market capitalization of $20.50 billion, a price-to-earnings ratio of 101.10, a P/E/G ratio of 2.19 and a beta of 1.02. The company has a 50 day moving average price of $31.81 and a 200 day moving average price of $35.56.

Insider Activity

In other news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total value of $34,189.50. Following the transaction, the director now owns 32,536 shares in the company, valued at $967,295.28. This represents a 3.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the sale, the chief financial officer now owns 297,351 shares of the company’s stock, valued at approximately $9,729,324.72. This represents a 9.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,580 shares of company stock worth $1,063,499 over the last quarter. Corporate insiders own 7.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PINS. UBS Group dropped 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. Oppenheimer lowered their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Stifel Nicolaus reduced their price target on Pinterest from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Raymond James lowered their price target on Pinterest from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Robert W. Baird cut their price objective on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Seven 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.63.

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.