Quantinno Capital Management LP Has $797,000 Stake in Pinterest, Inc. (NYSE:PINS)

Quantinno Capital Management LP boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 83.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,625 shares of the company’s stock after buying an additional 11,230 shares during the period. Quantinno Capital Management LP’s holdings in Pinterest were worth $797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PINS. Brown Shipley& Co Ltd acquired a new stake in shares of Pinterest during the 2nd quarter valued at about $25,000. Wellington Shields Capital Management LLC acquired a new stake in Pinterest during the second quarter valued at approximately $26,000. Rothschild Investment LLC bought a new stake in shares of Pinterest in the 2nd quarter valued at approximately $35,000. V Square Quantitative Management LLC acquired a new position in shares of Pinterest in the 3rd quarter worth approximately $37,000. Finally, Crewe Advisors LLC lifted its position in shares of Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after buying an additional 550 shares during the period. Institutional investors own 88.81% of the company’s stock.

Insider Activity at Pinterest

In other news, 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 owns 246,921 shares in the company, valued at $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the sale, the chief financial officer now owns 297,351 shares in the company, valued at approximately $9,729,324.72. The trade was a 9.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,287 shares of company stock worth $1,547,820 in the last quarter. Corporate insiders own 7.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PINS shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $48.00 price target on shares of Pinterest in a research report on Tuesday. Wedbush raised shares of Pinterest from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of Pinterest in a report on Monday, September 23rd. They set a “buy” rating and a $43.00 price target for the company. TD Cowen assumed coverage on shares of Pinterest in a research note on Tuesday, November 26th. They set a “buy” rating and a $38.00 price objective on the stock. Finally, Oppenheimer cut their target price on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Eight analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and an average price target of $41.46.

Pinterest Stock Performance

PINS opened at $30.64 on Friday. The firm’s fifty day moving average is $31.70 and its two-hundred day moving average is $34.80. The firm has a market cap of $20.70 billion, a PE ratio of 102.17, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19.

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.