Landscape Capital Management L.L.C. Makes New Investment in Pinterest, Inc. (NYSE:PINS)

Landscape Capital Management L.L.C. acquired a new position in shares of Pinterest, Inc. (NYSE:PINS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 70,745 shares of the company’s stock, valued at approximately $2,290,000.

Several other hedge funds also recently modified their holdings of PINS. O Shaughnessy Asset Management LLC grew its stake in Pinterest by 16.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,951 shares of the company’s stock valued at $657,000 after purchasing an additional 2,731 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of Pinterest by 107.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 8,300 shares of the company’s stock valued at $288,000 after buying an additional 4,300 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in shares of Pinterest in the first quarter valued at $223,000. Capital International Investors increased its holdings in Pinterest by 1.2% during the first quarter. Capital International Investors now owns 3,923,703 shares of the company’s stock worth $136,035,000 after buying an additional 47,290 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in Pinterest by 61.5% during the first quarter. Lazard Asset Management LLC now owns 299,460 shares of the company’s stock worth $10,381,000 after acquiring an additional 114,091 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

PINS has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Pinterest from $38.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 31st. Raymond James reduced their price target on Pinterest from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Robert W. Baird dropped their price objective on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Susquehanna reduced their target price on Pinterest from $50.00 to $45.00 and set a “positive” rating for the company in a research note on Wednesday, July 31st. Finally, Piper Sandler restated an “overweight” rating and issued a $41.00 price target (down previously from $45.00) on shares of Pinterest in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and an average price target of $42.00.

Insider Buying and Selling at Pinterest

In other Pinterest 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 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 9.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total transaction of $34,189.50. Following the sale, the director now directly owns 32,536 shares of the company’s stock, valued at approximately $967,295.28. This trade represents a 3.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,580 shares of company stock valued at $1,063,499 in the last three months. Corporate insiders own 7.11% of the company’s stock.

Pinterest Trading Up 0.3 %

Shares of PINS stock opened at $29.31 on Friday. The stock has a market cap of $19.81 billion, a P/E ratio of 97.70, a price-to-earnings-growth ratio of 2.13 and a beta of 1.02. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The stock has a 50 day simple moving average of $31.71 and a 200 day simple moving average of $35.97.

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.