J.P. Morgan Private Wealth Advisors LLC Sells 2,283 Shares of Pinterest, Inc. (NYSE:PINS)

J.P. Morgan Private Wealth Advisors LLC decreased its holdings in Pinterest, Inc. (NYSE:PINSFree Report) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 249,750 shares of the company’s stock after selling 2,283 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in Pinterest were worth $6,751,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Simon Quick Advisors LLC raised its position in shares of Pinterest by 5.0% in the 1st quarter. Simon Quick Advisors LLC now owns 10,431 shares of the company’s stock valued at $284,000 after buying an additional 497 shares in the last quarter. Boyd Watterson Asset Management LLC OH increased its position in Pinterest by 21.7% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 2,805 shares of the company’s stock worth $77,000 after purchasing an additional 500 shares in the last quarter. Tufton Capital Management increased its position in Pinterest by 5.2% during the 3rd quarter. Tufton Capital Management now owns 10,125 shares of the company’s stock worth $274,000 after purchasing an additional 500 shares in the last quarter. Simplicity Solutions LLC increased its position in Pinterest by 6.8% during the 3rd quarter. Simplicity Solutions LLC now owns 7,981 shares of the company’s stock worth $216,000 after purchasing an additional 510 shares in the last quarter. Finally, Sabal Trust CO increased its position in Pinterest by 2.7% during the 3rd quarter. Sabal Trust CO now owns 20,122 shares of the company’s stock worth $544,000 after purchasing an additional 538 shares in the last quarter. Institutional investors and hedge funds own 72.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PINS has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on shares of Pinterest from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Morgan Stanley boosted their target price on shares of Pinterest from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 31st. KeyCorp boosted their target price on shares of Pinterest from $37.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday. Rosenblatt Securities boosted their target price on shares of Pinterest from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, New Street Research assumed coverage on shares of Pinterest in a report on Monday, November 27th. They set a “buy” rating and a $48.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.90.

Check Out Our Latest Report on Pinterest

Insiders Place Their Bets

In other news, insider Wanjiku Juanita Walcott sold 11,410 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $32.28, for a total value of $368,314.80. Following the completion of the transaction, the insider now directly owns 216,326 shares in the company, valued at $6,983,003.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Wanjiku Juanita Walcott sold 11,410 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $32.28, for a total value of $368,314.80. Following the sale, the insider now directly owns 216,326 shares of the company’s stock, valued at $6,983,003.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christine Deputy sold 22,459 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $37.27, for a total transaction of $837,046.93. Following the completion of the sale, the insider now directly owns 222,881 shares in the company, valued at $8,306,774.87. The disclosure for this sale can be found here. Insiders sold 77,737 shares of company stock worth $2,826,987 over the last quarter. 6.85% of the stock is currently owned by company insiders.

Pinterest Stock Up 3.5 %

Shares of NYSE:PINS opened at $41.07 on Wednesday. The firm has a market capitalization of $27.70 billion, a PE ratio of -128.34, a P/E/G ratio of 4.06 and a beta of 1.02. Pinterest, Inc. has a twelve month low of $20.60 and a twelve month high of $41.60. The company has a 50-day moving average price of $36.65 and a two-hundred day moving average price of $30.97.

About Pinterest

(Free Report)

Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find ideas, such as recipes, home and style inspiration, and others; provides video, product, and idea pins; and offers organizing and planning tools. It shows organic recommendations and advertising engine based on pinners tastes and preferences; and enables pinners with shoppable product pins, which include price, color, and size that redirect to retailer websites.

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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