Vinva Investment Management Ltd Sells 253,519 Shares of Pinterest, Inc. (NYSE:PINS)

Vinva Investment Management Ltd cut its stake in shares of Pinterest, Inc. (NYSE:PINS) by 87.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,063 shares of the company’s stock after selling 253,519 shares during the quarter. Vinva Investment Management Ltd’s holdings in Pinterest were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Shipley& Co Ltd bought a new stake in shares of Pinterest during the 2nd quarter valued at approximately $25,000. Wellington Shields Capital Management LLC bought a new stake in shares of Pinterest during the 2nd quarter valued at approximately $26,000. Hexagon Capital Partners LLC grew its holdings in shares of Pinterest by 157.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after purchasing an additional 459 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Pinterest by 113.4% during the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after purchasing an additional 405 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Pinterest during the 2nd quarter valued at approximately $35,000. 88.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction 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. The trade was a 3.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Andrea Acosta sold 3,845 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total transaction of $118,733.60. Following the sale, the chief accounting officer now owns 158,468 shares of the company’s stock, valued at $4,893,491.84. This trade represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,287 shares of company stock worth $1,547,820. 7.11% of the stock is owned by corporate insiders.

Pinterest Stock Down 0.1 %

Pinterest stock opened at $30.30 on Friday. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The firm’s fifty day moving average is $31.80 and its 200 day moving average is $35.44. The company has a market capitalization of $20.47 billion, a PE ratio of 100.99, a PEG ratio of 2.17 and a beta of 1.02.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PINS shares. Robert W. Baird decreased their price target on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Raymond James cut their target price on shares of Pinterest from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. 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 report on Friday, November 8th. TD Cowen assumed coverage on shares of Pinterest in a research report on Tuesday. They set a “buy” rating and a $38.00 target price on the stock. Finally, Piper Sandler reiterated an “overweight” rating and set a $41.00 target price (down from $45.00) on shares of Pinterest in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.