Pinterest, Inc. (NYSE:PINS) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of Pinterest, Inc. (NYSE:PINSFree Report) by 77.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,342 shares of the company’s stock after purchasing an additional 12,354 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Pinterest were worth $766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cohanzick Management LLC acquired a new position in Pinterest in the first quarter worth approximately $25,000. Compass Wealth Management LLC acquired a new position in Pinterest in the second quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV grew its position in Pinterest by 1,093.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,098 shares of the company’s stock worth $30,000 after buying an additional 1,006 shares during the last quarter. Stonebridge Capital Advisors LLC grew its position in Pinterest by 5,138.9% in the first quarter. Stonebridge Capital Advisors LLC now owns 1,886 shares of the company’s stock worth $46,000 after buying an additional 1,850 shares during the last quarter. Finally, First Financial Corp IN acquired a new position in Pinterest in the third quarter worth approximately $53,000. Institutional investors own 72.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wedbush lifted their price objective on shares of Pinterest from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 27th. Roth Mkm lifted their price objective on shares of Pinterest from $31.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Rosenblatt Securities lifted their price objective on shares of Pinterest from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Morgan Stanley lifted their price objective on shares of Pinterest from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 31st. Finally, Royal Bank of Canada upgraded shares of Pinterest from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $32.00 to $46.00 in a research report on Monday, December 11th. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.90.

View Our Latest Report on PINS

Pinterest Stock Down 0.3 %

PINS stock opened at $40.71 on Friday. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60. The company has a fifty day simple moving average of $36.97 and a 200 day simple moving average of $31.13.

Insider Activity at Pinterest

In other Pinterest news, insider Christine Deputy sold 22,459 shares of the business’s stock in a transaction 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 transaction, the insider now owns 222,881 shares of the company’s stock, valued at approximately $8,306,774.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Pinterest news, insider Christine Deputy sold 22,459 shares of the business’s stock in a transaction 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 transaction, the insider now owns 222,881 shares of the company’s stock, valued at approximately $8,306,774.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $37.95, for a total transaction of $73,395.30. Following the transaction, the director now directly owns 39,382 shares of the company’s stock, valued at approximately $1,494,546.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,737 shares of company stock valued at $2,826,987. Insiders own 6.85% of the company’s stock.

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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