Amalgamated Bank Has $2.26 Million Stake in Pinterest, Inc. (NYSE:PINS)

Amalgamated Bank lifted its stake in shares of Pinterest, Inc. (NYSE:PINSFree Report) by 20.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,596 shares of the company’s stock after purchasing an additional 14,438 shares during the quarter. Amalgamated Bank’s holdings in Pinterest were worth $2,260,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PINS. Acadian Asset Management LLC boosted its position in shares of Pinterest by 21.9% in the first quarter. Acadian Asset Management LLC now owns 13,589 shares of the company’s stock valued at $334,000 after acquiring an additional 2,437 shares during the period. MetLife Investment Management LLC purchased a new stake in Pinterest in the 1st quarter worth approximately $906,000. Raymond James Trust N.A. boosted its holdings in Pinterest by 29.0% in the 1st quarter. Raymond James Trust N.A. now owns 11,342 shares of the company’s stock valued at $279,000 after purchasing an additional 2,550 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Pinterest by 11.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 492,299 shares of the company’s stock valued at $12,118,000 after purchasing an additional 51,318 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Pinterest by 261.5% in the first quarter. Sei Investments Co. now owns 273,925 shares of the company’s stock worth $6,691,000 after purchasing an additional 198,153 shares during the period. Hedge funds and other institutional investors own 72.63% of the company’s stock.

Pinterest Trading Down 9.5 %

Pinterest stock opened at $36.87 on Monday. Pinterest, Inc. has a 1-year low of $20.60 and a 1-year high of $41.60. The firm has a 50-day moving average of $37.15 and a 200-day moving average of $31.29.

Insiders Place Their Bets

In related news, insider Christine Deputy sold 22,459 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was 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 in the company, valued at $8,306,774.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Christine Deputy sold 22,459 shares of Pinterest stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $37.27, for a total transaction of $837,046.93. Following the sale, the insider now owns 222,881 shares of the company’s stock, valued at approximately $8,306,774.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $37.95, for a total transaction of $73,395.30. Following the completion of the transaction, the director now directly owns 39,382 shares of the company’s stock, valued at $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 worth $2,826,987. 6.85% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. KeyCorp boosted their target price on Pinterest from $37.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. boosted their price objective on Pinterest from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 target price on shares of Pinterest in a research note on Friday. Jefferies Financial Group raised shares of Pinterest from a “hold” rating to a “buy” rating and boosted their price target for the stock from $32.00 to $41.00 in a research note on Thursday, November 30th. Finally, Roth Mkm raised their price objective on shares of Pinterest from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.52.

Read Our Latest Stock Report on PINS

Pinterest Company Profile

(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.

See Also

Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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