Pinterest, Inc. (NYSE:PINS) Shares Bought by Avior Wealth Management LLC

Avior Wealth Management LLC grew its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 26.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,796 shares of the company’s stock after purchasing an additional 589 shares during the quarter. Avior Wealth Management LLC’s holdings in Pinterest were worth $81,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its position in shares of Pinterest by 86.4% during the 2nd quarter. AQR Capital Management LLC now owns 320,502 shares of the company’s stock valued at $14,125,000 after acquiring an additional 148,578 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Pinterest by 12.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,153 shares of the company’s stock valued at $1,902,000 after acquiring an additional 4,712 shares during the last quarter. Algert Global LLC acquired a new position in shares of Pinterest during the 2nd quarter valued at about $463,000. Creative Planning boosted its position in shares of Pinterest by 27.0% during the 2nd quarter. Creative Planning now owns 48,954 shares of the company’s stock valued at $2,157,000 after acquiring an additional 10,405 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Pinterest by 300.8% during the 2nd quarter. NewEdge Advisors LLC now owns 22,811 shares of the company’s stock valued at $1,005,000 after acquiring an additional 17,120 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PINS shares. TD Cowen started coverage on shares of Pinterest in a research report on Tuesday, November 26th. They set a “buy” rating and a $38.00 price target on the stock. Robert W. Baird reduced their price objective on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their price objective on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Oppenheimer reduced their price objective on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Morgan Stanley boosted their price objective on shares of Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $40.70.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,150 shares of the company’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 value of $34,994.50. Following the completion of the transaction, the director now directly owns 30,236 shares of the company’s stock, valued at $920,081.48. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the company’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 completion of the transaction, the insider now directly owns 246,921 shares of the company’s stock, valued at $7,610,105.22. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,157 shares of company stock worth $589,131. Company insiders own 7.11% of the company’s stock.

Pinterest Stock Performance

PINS stock opened at $32.97 on Wednesday. The company’s 50 day moving average price is $30.80 and its 200 day moving average price is $31.82. 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 $22.28 billion, a price-to-earnings ratio of 109.89, a PEG ratio of 1.61 and a beta of 1.04.

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.