Diversify Advisory Services LLC Acquires 44,869 Shares of Pinterest, Inc. (NYSE:PINS)

Diversify Advisory Services LLC increased its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 211.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,106 shares of the company’s stock after acquiring an additional 44,869 shares during the quarter. Diversify Advisory Services LLC’s holdings in Pinterest were worth $2,027,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brown Shipley& Co Ltd bought a new position in Pinterest during the 2nd quarter worth $25,000. GAMMA Investing LLC grew its holdings in shares of Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after purchasing an additional 415 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Pinterest in the third quarter worth $37,000. Crewe Advisors LLC raised its stake in Pinterest by 91.1% in the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after purchasing an additional 550 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in Pinterest by 8,261.1% during the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after purchasing an additional 1,487 shares during the period. Institutional investors own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

PINS has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on shares of Pinterest from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Monness Crespi & Hardt upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday, January 10th. UBS Group cut their target price on Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Oppenheimer decreased their price target on Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Robert W. Baird dropped their price objective on Pinterest from $41.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.70.

Pinterest Price Performance

NYSE PINS opened at $30.50 on Monday. The stock has a market capitalization of $20.61 billion, a P/E ratio of 101.65, a P/E/G ratio of 1.52 and a beta of 1.04. The business has a 50 day simple moving average of $30.41 and a 200 day simple moving average of $32.33. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the firm’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 completion of the sale, the director now directly owns 32,536 shares in the company, valued at $967,295.28. This trade represents a 3.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Andrea Acosta sold 3,845 shares of the company’s 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 transaction, the chief accounting officer now directly owns 158,468 shares in the company, valued at approximately $4,893,491.84. This trade represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,157 shares of company stock valued at $589,131 in 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.