Bell Investment Advisors Inc Has $131,000 Stock Position in Pinterest, Inc. (NYSE:PINS)

Bell Investment Advisors Inc lifted its position in Pinterest, Inc. (NYSE:PINS) by 485.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,033 shares of the company’s stock after buying an additional 3,344 shares during the quarter. Bell Investment Advisors Inc’s holdings in Pinterest were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Brown Shipley& Co Ltd acquired a new stake in shares of Pinterest in the second quarter worth $25,000. Wellington Shields Capital Management LLC bought a new position in Pinterest during the second quarter worth $26,000. Hexagon Capital Partners LLC increased its position in Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after acquiring an additional 459 shares during the period. GAMMA Investing LLC increased its position in Pinterest by 113.4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after acquiring an additional 405 shares during the period. Finally, Rothschild Investment LLC bought a new position in Pinterest during the second quarter worth $35,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PINS has been the topic of a number of research reports. Piper Sandler reaffirmed an “overweight” rating and set a $41.00 target price (down previously from $45.00) on shares of Pinterest in a research report on Friday, November 8th. Wells Fargo & Company lowered their price target on shares of Pinterest from $49.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Rosenblatt Securities lowered their price target on shares of Pinterest from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Robert W. Baird lowered their price target on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Benchmark reissued a “hold” rating on shares of Pinterest in a report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.86.

Pinterest Stock Performance

Pinterest stock traded down $0.14 during trading hours on Wednesday, reaching $30.86. 812,752 shares of the company’s stock traded hands, compared to its average volume of 9,620,022. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The firm has a market capitalization of $20.86 billion, a price-to-earnings ratio of 103.33, a PEG ratio of 2.19 and a beta of 1.02. The firm’s 50 day moving average is $31.80 and its 200-day moving average is $35.59.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following the transaction, the director now directly owns 33,686 shares in the company, valued at approximately $1,129,154.72. This represents a 3.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the transaction, 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. In the last three months, insiders have sold 32,580 shares of company stock worth $1,063,499. Company insiders own 7.11% of the company’s stock.

About Pinterest

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.