The most recent filing that the company has made with the Securities and Exchange Commission (SEC) reveals that during the third quarter, Daiwa Securities Group Inc. increased its holdings in Pinterest, Inc. (NYSE: PINS) by 331.4%. The corporation ended up with 259,073 shares after making additional purchases of 199,017 shares throughout the time frame. The value of the social media platform Pinterest was determined to be $6,036,000 by Daiwa Securities Group Inc. after the most recent fiscal quarter.
Several other institutional investors and hedge funds have been active buyers and sellers of PINS stock during the most recent few months. Over the first three months of the year, Acadian Asset Management LLC increased the percentage of Pinterest shares it owned by 21.9%. After making an additional purchase of 2,437 shares during the relevant period, Acadian Asset Management LLC is now the owner of a total of 13,589 shares of the company’s stock, which have a value of $334,000, bringing the company’s total stock holdings to a total of $340,000. MetLife Investment Management LLC made a new investment in Pinterest for $906,000 during the first three months of 2018. During the first three months of 2016, Raymond James Trust N.A. increased the amount of Pinterest stock owned by 29.0%, bringing its total ownership percentage to 100%. Following the successful completion of the acquisition of an additional 2,550 shares throughout the relevant period, Raymond James Trust N.A. now directly owns 11,342 shares in the company, which have a value of $279,000. These shares were acquired during the period in question. Over the first three months of the year, Dimensional Fund Advisors L.P. was able to amass an 11.6% increase in its Pinterest holdings. The current value of all 492,299 shares of the company’s stock that Dimensional Fund Advisors L.P. possesses is $12,118,000. This is because the company bought 51,318 additional shares of the company’s stock during the period in question. During the first three months of 2018, Sei Investments Company was able to amass an additional 261.5% of shares on Pinterest. Following the acquisition of an additional 198,153 shares throughout the most recent period, Sei Investments Co. now holds a total of 273,925 shares of the company’s stock, which can be estimated to be worth $6,691,000 at present. Institutional investors and hedge funds currently control 71.95 percent of the company’s stock and are the company’s primary shareholders.
In addition, Pinterest’s chairman, Benjamin Silbermann, sold 150,000 shares of the company’s stock on December 14th. The shares were sold at an average price of $26.88 per share, which resulted in a total sale volume of stock worth $4,032,000.00. I