Pinterest, Inc. (NYSE:PINS) Stock Position Increased by Bell Investment Advisors Inc

Bell Investment Advisors Inc boosted its position in Pinterest, Inc. (NYSE:PINS) by 485.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,033 shares of the company’s stock after purchasing an additional 3,344 shares during the quarter. Bell Investment Advisors Inc’s holdings in Pinterest were worth $131,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brown Shipley& Co Ltd bought a new stake in Pinterest in the 2nd quarter valued at about $25,000. Wellington Shields Capital Management LLC bought a new stake in Pinterest in the 2nd quarter valued at about $26,000. Hexagon Capital Partners LLC lifted its position in Pinterest by 157.7% in 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 raised its position in shares of Pinterest by 113.4% during the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after buying an additional 405 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Pinterest during the 2nd quarter worth about $35,000. 88.81% of the stock is currently owned by institutional investors.

Pinterest Price Performance

PINS traded down $0.14 on Wednesday, reaching $30.86. 812,752 shares of the company traded hands, compared to its average volume of 9,620,022. The stock’s 50 day moving average price is $31.80 and its 200-day moving average price is $35.59. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19. The company has a market cap of $20.86 billion, a price-to-earnings ratio of 103.33, a PEG ratio of 2.19 and a beta of 1.02.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total value of $34,189.50. Following the completion of the sale, the director now directly owns 32,536 shares in the company, valued at $967,295.28. The trade was a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest 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 owns 297,351 shares of the company’s stock, valued at $9,729,324.72. This trade 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 ninety days. 7.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PINS has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Pinterest from $49.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Evercore ISI dropped their price target on shares of Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Raymond James dropped their price target 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. Benchmark restated a “hold” rating on shares of Pinterest in a research report on Friday, November 8th. Finally, Oppenheimer lowered their price objective on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Seven research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.86.

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.