Howe & Rusling Inc. Has $4.31 Million Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Howe & Rusling Inc. lifted its stake in shares of Pinterest, Inc. (NYSE:PINS) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,012 shares of the company’s stock after buying an additional 4,227 shares during the period. Howe & Rusling Inc.’s holdings in Pinterest were worth $4,306,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. 1832 Asset Management L.P. purchased a new stake in shares of Pinterest during the 2nd quarter worth approximately $98,655,000. Ninety One UK Ltd raised its stake in shares of Pinterest by 44.6% during the second quarter. Ninety One UK Ltd now owns 5,445,674 shares of the company’s stock worth $239,991,000 after acquiring an additional 1,679,348 shares in the last quarter. Acadian Asset Management LLC raised its position in Pinterest by 31.6% in the 2nd quarter. Acadian Asset Management LLC now owns 5,645,845 shares of the company’s stock worth $248,793,000 after purchasing an additional 1,356,459 shares during the period. AMI Asset Management Corp bought a new stake in shares of Pinterest in the 2nd quarter valued at about $57,569,000. Finally, American Century Companies Inc. lifted its position in Pinterest by 57.6% in the second quarter. American Century Companies Inc. now owns 3,042,065 shares of the company’s stock valued at $134,064,000 after purchasing an additional 1,112,163 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Insider Activity

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the company’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 value of $990,761.60. Following the completion of the transaction, the chief financial officer now directly owns 297,351 shares in the company, valued at $9,729,324.72. This represents a 9.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $1,129,154.72. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

PINS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pinterest in a research note on Monday, September 23rd. They set a “buy” rating and a $43.00 price objective for the company. UBS Group lowered their target price on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a report on Friday, November 8th. Rosenblatt Securities cut their price objective on shares of Pinterest from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Morgan Stanley boosted their price objective on shares of Pinterest from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, KeyCorp reduced their target price on Pinterest from $45.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Seven investment 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Pinterest Trading Up 2.4 %

NYSE PINS opened at $29.70 on Wednesday. The stock has a market cap of $20.07 billion, a price-to-earnings ratio of 99.00, a PEG ratio of 2.02 and a beta of 1.02. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19. The company’s 50 day moving average is $31.70 and its two-hundred day moving average is $36.10.

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.