Natixis Advisors LLC Buys 17,669 Shares of Pinterest, Inc. (NYSE:PINS)

Natixis Advisors LLC boosted its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 16.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,799 shares of the company's stock after buying an additional 17,669 shares during the quarter. Natixis Advisors LLC's holdings in Pinterest were worth $3,619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of PINS. State Street Corp increased its holdings in Pinterest by 1.2% during the 3rd quarter. State Street Corp now owns 12,773,652 shares of the company's stock valued at $413,483,000 after purchasing an additional 156,748 shares during the period. Geode Capital Management LLC increased its stake in shares of Pinterest by 0.8% during the third quarter. Geode Capital Management LLC now owns 9,466,585 shares of the company's stock valued at $305,710,000 after buying an additional 76,920 shares during the period. Ninety One UK Ltd raised its holdings in shares of Pinterest by 5.4% during the fourth quarter. Ninety One UK Ltd now owns 5,471,613 shares of the company's stock valued at $158,677,000 after acquiring an additional 278,362 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Pinterest in the third quarter worth $153,829,000. Finally, ARK Investment Management LLC boosted its holdings in Pinterest by 0.4% in the fourth quarter. ARK Investment Management LLC now owns 4,386,546 shares of the company's stock valued at $127,210,000 after acquiring an additional 17,997 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

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Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the transaction, the director now directly owns 29,086 shares in the company, valued at $1,139,880.34. The trade was a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value 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 represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 237,417 shares of company stock worth $7,803,946 over the last quarter. 7.11% of the stock is currently owned by corporate insiders.

Pinterest Trading Down 4.8 %

NYSE PINS traded down $1.68 during trading hours on Wednesday, hitting $32.96. 7,756,622 shares of the company's stock traded hands, compared to its average volume of 12,352,350. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The firm has a market capitalization of $22.35 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.95 and a beta of 1.02. The business's fifty day moving average price is $34.56 and its two-hundred day moving average price is $32.35.

Pinterest (NYSE:PINS - Get Free Report) last issued 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, sell-side analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on PINS. Wells Fargo & Company raised their target price on shares of Pinterest from $39.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. TD Cowen began coverage on Pinterest in a research report on Tuesday, November 26th. They set a "buy" rating and a $38.00 price objective on the stock. Guggenheim raised Pinterest from a "neutral" rating to a "buy" rating and increased their target price for the stock from $39.00 to $40.00 in a research report on Monday. Barclays lifted their price target on Pinterest from $36.00 to $42.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Finally, Cantor Fitzgerald increased their price objective on Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and a consensus target price of $43.33.

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.