GDS Wealth Management Purchases 39,320 Shares of Pinterest, Inc. (NYSE:PINS)

GDS Wealth Management lifted its position in shares of Pinterest, Inc. (NYSE:PINS) by 50.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,071 shares of the company’s stock after purchasing an additional 39,320 shares during the period. GDS Wealth Management’s holdings in Pinterest were worth $3,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Golden State Equity Partners increased its stake in shares of Pinterest by 23,687.8% during the fourth quarter. Golden State Equity Partners now owns 17,603 shares of the company’s stock worth $510,000 after purchasing an additional 17,529 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Pinterest during the fourth quarter worth approximately $258,000. Mediolanum International Funds Ltd acquired a new stake in Pinterest during the fourth quarter worth approximately $1,674,000. OLD National Bancorp IN grew its position in Pinterest by 3.5% during the fourth quarter. OLD National Bancorp IN now owns 448,099 shares of the company’s stock worth $12,995,000 after buying an additional 14,968 shares in the last quarter. Finally, Swedbank AB grew its position in Pinterest by 2,108.7% during the fourth quarter. Swedbank AB now owns 1,315,052 shares of the company’s stock worth $38,137,000 after buying an additional 1,255,513 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Morgan Stanley increased their price target on Pinterest from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Cantor Fitzgerald reissued an “overweight” rating and set a $41.00 price target on shares of Pinterest in a research report on Monday, October 7th. Wells Fargo & Company reduced their price target on Pinterest from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. TD Cowen assumed coverage on Pinterest in a report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Oppenheimer reduced their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.70.

Insiders Place Their Bets

In other news, insider Wanjiku Juanita Walcott sold 11,862 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the transaction, the insider now owns 246,921 shares in the company, valued at approximately $7,610,105.22. The trade was a 4.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total transaction of $34,994.50. Following the completion of the transaction, the director now owns 30,236 shares in the company, valued at $920,081.48. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,157 shares of company stock valued at $589,131 in the last ninety days. 7.11% of the stock is currently owned by insiders.

Pinterest Price Performance

PINS opened at $33.09 on Tuesday. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The firm has a market capitalization of $22.36 billion, a price-to-earnings ratio of 110.31, a PEG ratio of 1.68 and a beta of 1.04. The company’s 50 day moving average price is $31.01 and its two-hundred day moving average price is $31.65.

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.