70,745 Shares in Pinterest, Inc. (NYSE:PINS) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new stake in Pinterest, Inc. (NYSE:PINS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 70,745 shares of the company’s stock, valued at approximately $2,290,000.

Several other institutional investors have also recently made changes to their positions in the stock. Kornitzer Capital Management Inc. KS increased its position in Pinterest by 20.3% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 404,296 shares of the company’s stock valued at $13,087,000 after buying an additional 68,096 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Pinterest by 8.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,944,489 shares of the company’s stock valued at $192,423,000 after acquiring an additional 460,708 shares in the last quarter. GDS Wealth Management acquired a new position in shares of Pinterest during the third quarter worth approximately $2,517,000. Ontario Teachers Pension Plan Board lifted its holdings in shares of Pinterest by 51.5% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company’s stock worth $285,248,000 after purchasing an additional 2,996,750 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of Pinterest by 16.2% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,963,645 shares of the company’s stock worth $63,563,000 after purchasing an additional 273,855 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Buying and Selling at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction on Friday, September 27th. The shares were 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 of the company’s stock, valued at $9,729,324.72. The trade was a 9.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total value of $34,189.50. Following the completion of the transaction, the director now directly owns 32,536 shares of the company’s stock, valued at $967,295.28. The trade was a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,580 shares of company stock valued at $1,063,499 over the last three months. 7.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PINS shares. KeyCorp lowered their price objective on shares of Pinterest from $45.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Stifel Nicolaus lowered their target price on shares of Pinterest from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Rosenblatt Securities cut their price target on Pinterest from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Piper Sandler reissued an “overweight” rating and issued a $41.00 price objective (down from $45.00) on shares of Pinterest in a research note on Friday, November 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $41.00 target price on shares of Pinterest in a report on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Pinterest Stock Performance

PINS stock opened at $29.31 on Friday. The stock has a fifty day moving average of $31.71 and a 200-day moving average of $35.97. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The company has a market capitalization of $19.81 billion, a price-to-earnings ratio of 97.70, a PEG ratio of 2.13 and a beta of 1.02.

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.