Pinterest, Inc. (NYSE:PINS) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its holdings in Pinterest, Inc. (NYSE:PINS) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,720 shares of the company’s stock after buying an additional 2,275 shares during the period. Public Employees Retirement System of Ohio’s holdings in Pinterest were worth $9,249,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Brown Shipley& Co Ltd acquired a new position in shares of Pinterest in the 2nd quarter valued at $25,000. Wellington Shields Capital Management LLC acquired a new position in Pinterest in the second quarter valued at $26,000. Rothschild Investment LLC purchased a new position in shares of Pinterest during the second quarter worth about $35,000. V Square Quantitative Management LLC acquired a new stake in shares of Pinterest during the third quarter worth about $37,000. Finally, Crewe Advisors LLC lifted its holdings in shares of Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after purchasing an additional 550 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on PINS. Piper Sandler downgraded Pinterest from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $41.00 to $36.00 in a research note on Tuesday. Oppenheimer cut their target price on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Rosenblatt Securities decreased their price target on shares of Pinterest from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Roth Mkm lowered their price objective on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $41.00 target price on shares of Pinterest in a report on Monday, October 7th. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.46.

Pinterest Price Performance

PINS stock opened at $30.81 on Friday. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19. The firm has a market capitalization of $20.82 billion, a PE ratio of 102.70, a P/E/G ratio of 2.26 and a beta of 1.02. The company’s 50 day simple moving average is $31.70 and its 200-day simple moving average is $34.80.

Insider Buying and Selling at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the company’s 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 owns 33,686 shares of the company’s stock, valued at approximately $1,129,154.72. This represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 stock was 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 of the company’s stock, valued at $9,729,324.72. The trade was a 9.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,287 shares of company stock worth $1,547,820. 7.11% of the stock is owned by insiders.

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.