11,510 Shares in Pinterest, Inc. (NYSE:PINS) Bought by Banque Pictet & Cie SA

Banque Pictet & Cie SA acquired a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 11,510 shares of the company's stock, valued at approximately $334,000.

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC raised its stake in shares of Pinterest by 51.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after buying an additional 590 shares in the last quarter. Compagnie Lombard Odier SCmA raised its stake in shares of Pinterest by 1.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 433,256 shares of the company's stock worth $12,564,000 after buying an additional 4,674 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Pinterest by 170.1% during the 4th quarter. Vontobel Holding Ltd. now owns 34,642 shares of the company's stock worth $1,005,000 after buying an additional 21,817 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Pinterest by 10.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 226,972 shares of the company's stock worth $6,709,000 after buying an additional 20,966 shares in the last quarter. Finally, Avestar Capital LLC purchased a new position in shares of Pinterest during the 4th quarter worth approximately $229,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Piper Sandler reissued a "neutral" rating and set a $41.00 target price (up from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Rosenblatt Securities increased their target price on Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $50.00 price objective (up from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Barclays boosted their target price on Pinterest from $36.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Finally, Benchmark raised Pinterest from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.86.

Insider Activity at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the sale, the director now owns 30,236 shares in the company, valued at $920,081.48. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total transaction of $365,586.84. Following the sale, the insider now owns 246,921 shares in the company, valued at $7,610,105.22. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,007 shares of company stock worth $554,942. Company insiders own 7.11% of the company's stock.

Pinterest Stock Down 1.5 %

Shares of PINS traded down $0.60 during mid-day trading on Wednesday, hitting $38.72. The company had a trading volume of 6,259,754 shares, compared to its average volume of 12,337,952. The business's 50-day simple moving average is $32.31 and its 200-day simple moving average is $31.60. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The stock has a market cap of $26.26 billion, a PE ratio of 14.39, a P/E/G ratio of 1.91 and a beta of 1.06.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, sell-side analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Pinterest Profile

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.