5 Stocks Under $50 Billionaires Are Loading Up On

3. Pinterest, Inc. (NYSE:PINS)

Number of Billionaire Holders: 17

San Francisco, California-based Pinterest, Inc. (NYSE:PINS) is a leading social media platform which allows users, creators, publishers, and businesses to save and publish images and videos which allow other users to discover and visualize activities. The platform boasts more than 450 million monthly active users.

On April 27, Pinterest, Inc. (NYSE:PINS) announced a partnership with online retail giant, Amazon.com, Inc. (NASDAQ:AMZN) which would provide users access to on-Amazon buying experience. The partnership is part of the company’s efforts to make the content available on the platform shoppable.

Pinterest, Inc. (NYSE:PINS) ranks 3rd on our list of stocks under $50 billionaires are loading up on. The shares of the company were owned by 17 billionaires with a total value of $1.6 billion according to the Insider Monkey database.