Hantz Financial Services Inc. Has $304,000 Position in Pinterest, Inc. (NYSE:PINS)

Hantz Financial Services Inc. raised its stake in Pinterest, Inc. (NYSE:PINS) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,380 shares of the company’s stock after buying an additional 339 shares during the quarter. Hantz Financial Services Inc.’s holdings in Pinterest were worth $304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PINS. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Pinterest by 0.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,982 shares of the company’s stock worth $4,013,000 after purchasing an additional 1,008 shares in the last quarter. Bell Investment Advisors Inc raised its position in Pinterest by 485.3% during the third quarter. Bell Investment Advisors Inc now owns 4,033 shares of the company’s stock valued at $131,000 after acquiring an additional 3,344 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Pinterest in the third quarter valued at approximately $11,109,000. Bridgewater Associates LP grew its position in Pinterest by 158.5% in the third quarter. Bridgewater Associates LP now owns 1,581,652 shares of the company’s stock worth $51,198,000 after acquiring an additional 969,775 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Pinterest during the 3rd quarter worth $198,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Activity

In other news, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total value of $38,548.00. Following the completion of the sale, the director now directly owns 33,686 shares in the company, valued at approximately $1,129,154.72. This trade represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the transaction, the chief financial officer now owns 297,351 shares in the company, valued at approximately $9,729,324.72. This trade represents a 9.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,287 shares of company stock worth $1,547,820. Corporate insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. TD Cowen started coverage on shares of Pinterest in a research note on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price objective for the company. Roth Mkm lowered their price objective on Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. KeyCorp cut their price objective on Pinterest from $45.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $48.00 target price on shares of Pinterest in a research report on Thursday, September 12th. Finally, Piper Sandler reissued an “overweight” rating and issued a $41.00 price target (down previously from $45.00) on shares of Pinterest in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Pinterest currently has an average rating of “Moderate Buy” and an average target price of $41.65.

Pinterest Price Performance

Shares of PINS stock opened at $30.42 on Tuesday. The stock’s fifty day simple moving average is $31.80 and its 200 day simple moving average is $35.26. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The firm has a market cap of $20.56 billion, a price-to-earnings ratio of 101.40, a P/E/G ratio of 2.17 and a beta of 1.02.

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.