Pinterest, Inc. (NYSE:PINS) Shares Purchased by Natixis

Natixis boosted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 59.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,006 shares of the company's stock after purchasing an additional 10,054 shares during the quarter. Natixis' holdings in Pinterest were worth $783,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whipplewood Advisors LLC purchased a new stake in shares of Pinterest in the 4th quarter valued at $28,000. GAMMA Investing LLC grew its holdings in Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after acquiring an additional 415 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its position in shares of Pinterest by 401.3% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after acquiring an additional 1,204 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after acquiring an additional 590 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Pinterest by 484.1% during the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after purchasing an additional 1,680 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $219,766.50. Following the sale, the insider now owns 254,211 shares in the company, valued at approximately $8,350,831.35. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the completion of the transaction, the director now owns 6,274 shares of the company's stock, valued at approximately $195,497.84. This trade represents a 94.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 453,836 shares of company stock worth $14,828,392. Insiders own 7.11% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PINS shares. KeyCorp reduced their price target on shares of Pinterest from $41.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Benchmark upgraded shares of 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. Royal Bank of Canada increased their price target on shares of Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Wedbush reissued an "outperform" rating on shares of Pinterest in a research note on Tuesday, April 15th. Finally, Citigroup dropped their price target on Pinterest from $47.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.10.

Pinterest Stock Up 1.2 %

Shares of Pinterest stock traded up $0.30 on Friday, reaching $26.05. 15,813,508 shares of the stock were exchanged, compared to its average volume of 10,557,934. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $45.19. The business has a 50 day moving average price of $30.87 and a two-hundred day moving average price of $31.64. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data 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%. Research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Pinterest Company 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.