Pinterest, Inc. (NYSE:PINS) Stock Holdings Lowered by SJS Investment Consulting Inc.

SJS Investment Consulting Inc. cut its position in Pinterest, Inc. (NYSE:PINS) by 49.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,594 shares of the company’s stock after selling 1,580 shares during the quarter. SJS Investment Consulting Inc.’s holdings in Pinterest were worth $46,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC raised its holdings in shares of Pinterest by 7.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 36,046 shares of the company’s stock valued at $1,045,000 after buying an additional 2,472 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Pinterest by 699.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 296,033 shares of the company’s stock valued at $8,585,000 after acquiring an additional 259,002 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Pinterest by 376.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 58,545 shares of the company’s stock worth $1,698,000 after acquiring an additional 46,250 shares during the period. Avior Wealth Management LLC boosted its position in Pinterest by 26.7% during the 4th quarter. Avior Wealth Management LLC now owns 2,796 shares of the company’s stock worth $81,000 after acquiring an additional 589 shares during the period. Finally, Janney Capital Management LLC bought a new position in shares of Pinterest in the fourth quarter worth $4,289,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Trading Up 0.3 %

Shares of Pinterest stock opened at $32.92 on Friday. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The stock has a 50-day moving average price of $30.64 and a 200 day moving average price of $32.09. The company has a market cap of $22.25 billion, a P/E ratio of 109.72, a P/E/G ratio of 1.61 and a beta of 1.04.

Analyst Ratings Changes

Several equities analysts have commented on PINS shares. Jefferies Financial Group reissued a “hold” rating and set a $32.00 target price (down previously from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Piper Sandler lowered shares of Pinterest from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $41.00 to $36.00 in a research note on Tuesday, December 10th. KeyCorp cut their target price on Pinterest from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Robert W. Baird lowered 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. Finally, Monness Crespi & Hardt raised Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, January 10th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and a consensus target price of $40.70.

Insider Activity

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total value of $34,189.50. Following the transaction, the director now owns 32,536 shares in the company, valued at $967,295.28. The trade was a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total value of $365,586.84. Following the sale, 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. Insiders have sold 19,157 shares of company stock worth $589,131 in the last 90 days. Company insiders own 7.11% of the company’s stock.

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.