2 weeks Ago By ABMN Staff
Dimensional Fund Advisors LP lifted its position in shares of Pinterest, Inc. ( NYSE:PINS – Free Report ) by 14.2% in the second quarter, HoldingsChannel.
com reports. The institutional investor owned 1,489,313 shares of the company’s stock after buying an additional 184,639 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Pinterest were worth $65,635,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Shields Capital Management LLC acquired a new stake in shares of Pinterest in the second quarter worth approximately $26,000. Hexagon Capital Partners LLC boosted its position in shares of Pinterest by 157.
7% in 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 last quarter. GAMMA Investing LLC lifted its position in Pinterest by 113.
4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after buying an additional 405 shares in the last quarter. Rothschild Investment LLC acquired a new position in Pinterest during the second quarter valued at approximately $35,000.
Finally, Quent Capital LLC lifted its position in Pinterest by 71.2% during the first quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock valued at $38,000 after buying an additional 460 shares in the last quarter.
88.81% of the stock is currently owned by hedge funds and other institutional investors. Pinterest Stock Down 0.
7 % PINS stock opened at $32.49 on Friday. The company has a market capitalization of $22.
20 billion, a P/E ratio of 154.67, a PEG ratio of 3.40 and a beta of 1.
00. The company has a 50-day simple moving average of $31.85 and a 200 day simple moving average of $36.
63. Pinterest, Inc. has a fifty-two week low of $23.
59 and a fifty-two week high of $45.19. Analyst Ratings Changes A number of brokerages have weighed in on PINS.
Benchmark reaffirmed a “hold” rating on shares of Pinterest in a research report on Wednesday, July 31st. Wells Fargo & Company reduced their price target on shares of Pinterest from $49.00 to $41.
00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. KeyCorp reduced their target price on shares of Pinterest from $45.00 to $43.
00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their target price on shares of Pinterest from $44.
00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, Morgan Stanley boosted their target price on shares of Pinterest from $35.
00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company.
According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.25.
View Our Latest Stock Report on Pinterest Pinterest Company Profile ( Free Report ) 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.
Read More Want to see what other hedge funds are holding PINS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinterest, Inc. ( NYSE:PINS – Free Report ).
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