Lbp Am Sa Has $4.87 Million Stock Position in Pinterest, Inc. (NYSE:PINS)

LBP AM SA increased its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 573.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,848 shares of the company's stock after purchasing an additional 142,936 shares during the quarter. LBP AM SA's holdings in Pinterest were worth $4,868,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Pinterest by 15.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 271,938 shares of the company's stock valued at $7,930,000 after acquiring an additional 36,855 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Pinterest by 615.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,375 shares of the company's stock valued at $6,507,000 after acquiring an additional 192,998 shares during the period. Founders Financial Alliance LLC raised its holdings in shares of Pinterest by 5.9% during the fourth quarter. Founders Financial Alliance LLC now owns 10,056 shares of the company's stock valued at $292,000 after acquiring an additional 560 shares during the period. Clare Market Investments LLC acquired a new stake in shares of Pinterest during the fourth quarter valued at approximately $252,000. Finally, Independent Advisor Alliance raised its holdings in shares of Pinterest by 26.3% during the fourth quarter. Independent Advisor Alliance now owns 10,916 shares of the company's stock valued at $317,000 after acquiring an additional 2,274 shares during the period. 88.81% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

PINS has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Pinterest from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Cantor Fitzgerald upped their price objective on shares of Pinterest from $36.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. The Goldman Sachs Group upped their price objective on shares of Pinterest from $42.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Rosenblatt Securities upped their price objective on shares of Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Pinterest has a consensus rating of "Moderate Buy" and an average target price of $43.30.

Pinterest Stock Up 1.0 %

Pinterest stock traded up $0.32 during mid-day trading on Wednesday, reaching $31.62. The company had a trading volume of 13,960,021 shares, compared to its average volume of 9,839,425. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The company has a 50 day moving average of $34.32 and a 200-day moving average of $32.28. The firm has a market cap of $21.45 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 1.95 and a beta of 1.02.

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

Insider Activity

In related news, insider Wanjiku Juanita Walcott sold 6,690 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $219,766.50. Following the completion of the sale, the insider now owns 254,211 shares in the company, valued at $8,350,831.35. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the sale, the chief accounting officer now owns 144,129 shares of the company's stock, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,729 shares of company stock worth $3,617,950. 7.11% of the stock is currently owned by corporate insiders.

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.