Pinterest, Inc. (NYSE:PINS) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its holdings in Pinterest, Inc. (NYSE:PINS) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 285,720 shares of the company’s stock after buying an additional 2,275 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Pinterest were worth $9,249,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PINS. Brown Shipley& Co Ltd acquired a new stake in Pinterest in the 2nd quarter valued at $25,000. Wellington Shields Capital Management LLC purchased a new stake in shares of Pinterest in the second quarter worth about $26,000. Rothschild Investment LLC acquired a new stake in shares of Pinterest in the second quarter valued at about $35,000. V Square Quantitative Management LLC acquired a new position in Pinterest during the 3rd quarter worth approximately $37,000. Finally, Crewe Advisors LLC boosted its holdings in Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after acquiring an additional 550 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Andrea Acosta sold 3,845 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total value of $118,733.60. Following the completion of the transaction, the chief accounting officer now directly owns 158,468 shares of the company’s stock, valued at $4,893,491.84. This represents a 2.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the sale, the chief financial officer now directly owns 297,351 shares in the company, valued at $9,729,324.72. The trade was a 9.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,287 shares of company stock valued at $1,547,820 over the last three months. Company insiders own 7.11% of the company’s stock.

Pinterest Trading Down 3.5 %

Shares of NYSE PINS opened at $30.81 on Friday. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The company has a market cap of $20.82 billion, a price-to-earnings ratio of 102.70, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The stock’s 50 day simple moving average is $31.70 and its 200 day simple moving average is $34.80.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $48.00 target price on shares of Pinterest in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Roth Mkm lowered their target price on Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Benchmark reiterated a “hold” rating on shares of Pinterest in a research note on Friday, November 8th. Finally, UBS Group lowered their price objective on Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.46.

Pinterest 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.