XTX Topco Ltd Invests $617,000 in Pinterest, Inc. (NYSE:PINS)

XTX Topco Ltd purchased a new position in Pinterest, Inc. (NYSE:PINS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 19,050 shares of the company’s stock, valued at approximately $617,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its position in shares of Pinterest by 5.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock valued at $205,000 after purchasing an additional 313 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Pinterest by 1.1% in the second quarter. Raymond James Trust N.A. now owns 30,012 shares of the company’s stock valued at $1,323,000 after acquiring an additional 319 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Pinterest by 3.7% in the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after acquiring an additional 339 shares in the last quarter. Leibman Financial Services Inc. grew its holdings in Pinterest by 1.2% during the 3rd quarter. Leibman Financial Services Inc. now owns 31,758 shares of the company’s stock worth $1,028,000 after acquiring an additional 368 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in Pinterest by 0.7% during the 2nd quarter. Toronto Dominion Bank now owns 56,961 shares of the company’s stock worth $2,510,000 after acquiring an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on PINS shares. TD Cowen initiated 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. Wedbush raised Pinterest from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Robert W. Baird dropped their price target on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Cantor Fitzgerald restated an “overweight” rating and set a $41.00 price objective on shares of Pinterest in a research note on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Pinterest in a research note on Monday, September 23rd. They set a “buy” rating and a $43.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.46.

Pinterest Trading Down 3.5 %

PINS stock opened at $30.81 on Friday. The firm’s 50-day moving average is $31.70 and its two-hundred day moving average is $34.80. The company has a market capitalization of $20.82 billion, a price-to-earnings ratio of 102.70, a price-to-earnings-growth ratio of 2.28 and a beta of 1.02. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19.

Insider Activity at Pinterest

In related news, CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the transaction, the chief accounting officer now owns 158,468 shares of the company’s stock, valued at $4,893,491.84. This trade represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the sale, the insider now owns 246,921 shares in the company, valued at approximately $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. Insiders have sold 48,287 shares of company stock worth $1,547,820 over the last quarter. 7.11% of the stock is currently owned by company insiders.

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.