14,153 Shares in Pinterest, Inc. (NYSE:PINS) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Pinterest, Inc. (NYSE:PINS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,153 shares of the company’s stock, valued at approximately $458,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brown Shipley& Co Ltd acquired a new position in shares of Pinterest in the 2nd quarter valued at approximately $25,000. Wellington Shields Capital Management LLC acquired a new position in Pinterest during the second quarter valued at approximately $26,000. Hexagon Capital Partners LLC lifted its stake 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 purchasing an additional 459 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Pinterest by 113.4% in the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after purchasing an additional 405 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in Pinterest in the second quarter valued at about $35,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity at Pinterest

In related news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction dated Friday, September 27th. The stock was 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 approximately $9,729,324.72. This represents a 9.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total value of $34,189.50. Following 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,580 shares of company stock worth $1,063,499. 7.11% of the stock is owned by corporate insiders.

Pinterest Stock Up 2.4 %

Shares of NYSE:PINS opened at $30.02 on Monday. The firm has a market capitalization of $20.29 billion, a PE ratio of 100.07, a P/E/G ratio of 2.10 and a beta of 1.02. The company has a 50-day moving average price of $31.73 and a two-hundred day moving average price of $35.81. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PINS shares. Oppenheimer lowered their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Barclays cut their target price on shares of Pinterest from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. Evercore ISI decreased their price target on shares of Pinterest from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Susquehanna reduced their price objective on shares of Pinterest from $50.00 to $45.00 and set a “positive” rating on the stock in a research note on Wednesday, July 31st. Finally, Raymond James cut their target price on Pinterest from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Pinterest currently has an average rating of “Moderate Buy” and an average target price of $42.00.

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.