EP Wealth Advisors LLC Buys New Shares in Pinterest, Inc. (NYSE:PINS)

EP Wealth Advisors LLC purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,050 shares of the company’s stock, valued at approximately $228,000.

A number of other large investors have also recently bought and sold shares of PINS. Maverick Capital Ltd. boosted its position in shares of Pinterest by 47.6% during the 3rd quarter. Maverick Capital Ltd. now owns 57,180 shares of the company’s stock valued at $1,851,000 after purchasing an additional 18,430 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Pinterest by 8.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company’s stock valued at $49,855,000 after buying an additional 119,367 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Pinterest by 4.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company’s stock worth $27,326,000 after buying an additional 32,539 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Pinterest by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,252,996 shares of the company’s stock worth $137,669,000 after buying an additional 87,041 shares during the period. Finally, Kornitzer Capital Management Inc. KS increased its stake in shares of Pinterest by 20.3% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 404,296 shares of the company’s stock valued at $13,087,000 after acquiring an additional 68,096 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Stock Down 0.6 %

Pinterest stock opened at $30.65 on Friday. The company has a market capitalization of $20.71 billion, a P/E ratio of 102.17, a P/E/G ratio of 2.26 and a beta of 1.02. The firm has a 50 day moving average price of $31.65 and a 200-day moving average price of $34.67. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19.

Insider Buying and Selling at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the transaction, the chief accounting officer now owns 158,468 shares in the company, valued at $4,893,491.84. This trade represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the completion of the sale, the chief financial officer now directly owns 297,351 shares in the company, valued at approximately $9,729,324.72. This trade represents a 9.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,287 shares of company stock valued at $1,547,820. Company insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PINS. JPMorgan Chase & Co. cut their target price on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Oppenheimer cut their price objective on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. TD Cowen started coverage on Pinterest in a research report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 target price for the company. Raymond James cut 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, Wedbush upgraded Pinterest from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.46.

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.