Radnor Capital Management LLC Purchases 560 Shares of Pinterest, Inc. (NYSE:PINS)

Radnor Capital Management LLC lifted its position in Pinterest, Inc. (NYSE:PINS) by 1.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,680 shares of the company’s stock after purchasing an additional 560 shares during the period. Radnor Capital Management LLC’s holdings in Pinterest were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PINS. Vanguard Group Inc. raised its holdings in Pinterest by 1.8% during the first quarter. Vanguard Group Inc. now owns 57,343,800 shares of the company’s stock valued at $1,988,110,000 after acquiring an additional 994,848 shares during the period. Baillie Gifford & Co. raised its stake in Pinterest by 9.5% during the 2nd quarter. Baillie Gifford & Co. now owns 10,116,139 shares of the company’s stock valued at $445,818,000 after purchasing an additional 880,398 shares during the period. Clearbridge Investments LLC lifted its holdings in Pinterest by 2.2% in the 1st quarter. Clearbridge Investments LLC now owns 8,179,741 shares of the company’s stock worth $283,592,000 after purchasing an additional 176,540 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Pinterest by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,960,861 shares of the company’s stock worth $262,695,000 after purchasing an additional 380,431 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Pinterest by 31.6% during the 2nd quarter. Acadian Asset Management LLC now owns 5,645,845 shares of the company’s stock valued at $248,793,000 after buying an additional 1,356,459 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Insider Activity at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 297,351 shares in the company, valued at $9,729,324.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 33,686 shares in the company, valued at approximately $1,129,154.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the completion of the transaction, the chief financial officer now directly owns 297,351 shares of the company’s stock, valued at $9,729,324.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PINS. Evercore ISI dropped their target price on shares of Pinterest from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Wedbush reduced their price objective on Pinterest from $46.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. UBS Group lowered their target price on Pinterest from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Morgan Stanley boosted their price target on shares of Pinterest from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Benchmark reiterated a “hold” rating on shares of Pinterest in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pinterest has an average rating of “Moderate Buy” and a consensus target price of $43.56.

Pinterest Price Performance

Shares of PINS stock opened at $33.76 on Thursday. The company has a market capitalization of $23.16 billion, a P/E ratio of 125.02, a P/E/G ratio of 2.49 and a beta of 1.02. The company’s 50-day simple moving average is $31.82 and its two-hundred day simple moving average is $36.38. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19.

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.