Amalgamated Bank Purchases 14,438 Shares of Pinterest, Inc. (NYSE:PINS)

Amalgamated Bank lifted its position in Pinterest, Inc. (NYSE:PINSFree Report) by 20.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 83,596 shares of the company’s stock after buying an additional 14,438 shares during the period. Amalgamated Bank’s holdings in Pinterest were worth $2,260,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cohanzick Management LLC bought a new stake in shares of Pinterest in the 1st quarter valued at about $25,000. Massmutual Trust Co. FSB ADV increased its holdings in Pinterest by 1,093.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,098 shares of the company’s stock valued at $30,000 after buying an additional 1,006 shares during the period. Stonebridge Capital Advisors LLC raised its stake in Pinterest by 5,138.9% in the first quarter. Stonebridge Capital Advisors LLC now owns 1,886 shares of the company’s stock worth $46,000 after buying an additional 1,850 shares in the last quarter. First Financial Corp IN purchased a new stake in Pinterest during the third quarter worth $53,000. Finally, International Assets Investment Management LLC bought a new stake in Pinterest during the 3rd quarter valued at $60,000. 72.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Pinterest

In related news, Director Jeffrey D. Jordan sold 20,000 shares of Pinterest stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $37.59, for a total value of $751,800.00. Following the completion of the transaction, the director now owns 74,215 shares in the company, valued at approximately $2,789,741.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Christine Deputy sold 22,459 shares of Pinterest stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $37.27, for a total value of $837,046.93. Following the sale, the insider now owns 222,881 shares in the company, valued at $8,306,774.87. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey D. Jordan sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $37.59, for a total transaction of $751,800.00. Following the transaction, the director now owns 74,215 shares of the company’s stock, valued at approximately $2,789,741.85. The disclosure for this sale can be found here. Insiders have sold a total of 77,737 shares of company stock valued at $2,826,987 in the last ninety days. 6.85% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PINS shares. Argus upgraded Pinterest from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Thursday, January 18th. Wedbush increased their price target on shares of Pinterest from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Pinterest in a research report on Friday. Roth Mkm increased their target price on shares of Pinterest from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Morgan Stanley raised their target price on shares of Pinterest from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 31st. Seven investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.52.

Read Our Latest Stock Analysis on Pinterest

Pinterest Price Performance

Shares of NYSE PINS opened at $36.87 on Monday. The company’s fifty day moving average price is $37.15 and its 200 day moving average price is $31.29. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60.

About Pinterest

(Free Report)

Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find ideas, such as recipes, home and style inspiration, and others; provides video, product, and idea pins; and offers organizing and planning tools. It shows organic recommendations and advertising engine based on pinners tastes and preferences; and enables pinners with shoppable product pins, which include price, color, and size that redirect to retailer websites.

See Also

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:PINSFree Report).

Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.