Compagnie Lombard Odier SCmA Grows Position in Pinterest, Inc. (NYSE:PINS)

Compagnie Lombard Odier SCmA lifted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 433,256 shares of the company’s stock after purchasing an additional 4,674 shares during the quarter. Compagnie Lombard Odier SCmA owned about 0.06% of Pinterest worth $12,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after acquiring an additional 415 shares during the period. V Square Quantitative Management LLC purchased a new position in Pinterest during the 3rd quarter valued at about $37,000. Crewe Advisors LLC boosted its holdings in Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after acquiring an additional 550 shares during the period. True Wealth Design LLC boosted its holdings in Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after acquiring an additional 1,487 shares during the period. Finally, Rakuten Securities Inc. boosted its stake in shares of Pinterest by 44.2% in the 3rd quarter. Rakuten Securities Inc. now owns 2,294 shares of the company’s stock valued at $74,000 after buying an additional 703 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Pinterest Trading Down 0.2 %

Shares of PINS stock opened at $39.02 on Friday. The business’s 50 day moving average is $31.91 and its two-hundred day moving average is $31.53. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The company has a market capitalization of $26.37 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 1.72 and a beta of 1.06.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share 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 9.20%. As a group, equities analysts predict that Pinterest, Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Pinterest

In related news, CAO Andrea Acosta sold 3,845 shares of Pinterest stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total value of $118,733.60. Following the sale, the chief accounting officer now directly owns 158,468 shares in the company, valued at $4,893,491.84. The trade was a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total value of $34,189.50. Following the completion of the sale, the director now owns 32,536 shares in the company, valued at approximately $967,295.28. This trade represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,157 shares of company stock worth $589,131. 7.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PINS shares. Barclays lifted their price objective on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Monness Crespi & Hardt upgraded Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, January 10th. Benchmark upgraded Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Friday, February 7th. Finally, Guggenheim lifted their price objective on Pinterest from $33.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Eight research 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.86.

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.