Pinterest, Inc. (NYSE:PINS) Shares Purchased by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lifted its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 11.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 484,235 shares of the company's stock after acquiring an additional 50,979 shares during the quarter. Compagnie Lombard Odier SCmA owned 0.07% of Pinterest worth $15,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Pinterest by 104.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock worth $737,533,000 after acquiring an additional 12,986,310 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Pinterest by 49.7% during the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after acquiring an additional 4,527,902 shares during the period. FMR LLC increased its stake in shares of Pinterest by 2.6% during the fourth quarter. FMR LLC now owns 12,599,356 shares of the company's stock worth $365,381,000 after acquiring an additional 316,633 shares during the period. Norges Bank acquired a new position in shares of Pinterest during the fourth quarter worth about $358,205,000. Finally, Marshall Wace LLP increased its stake in shares of Pinterest by 134.1% during the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock worth $310,352,000 after acquiring an additional 6,129,985 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Trading Down 2.1%

NYSE PINS traded down $0.73 during trading hours on Thursday, reaching $34.02. 6,298,066 shares of the company traded hands, compared to its average volume of 10,906,500. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $45.19. The stock has a market capitalization of $23.07 billion, a PE ratio of 12.65, a PEG ratio of 1.95 and a beta of 0.91. The company has a 50 day moving average of $29.12 and a two-hundred day moving average of $31.45.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The company had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. During the same quarter last year, the company earned $0.17 earnings per share. The company's revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 12,253 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $32.24, for a total value of $395,036.72. Following the sale, the insider now owns 228,510 shares of the company's stock, valued at $7,367,162.40. This trade represents a 5.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $34.81, for a total transaction of $3,553,509.23. Following the completion of the sale, the director now directly owns 8,414 shares in the company, valued at approximately $292,891.34. This trade represents a 92.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,177,104 shares of company stock worth $38,592,423 in the last ninety days. 7.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PINS shares. Wolfe Research raised shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective on the stock in a report on Thursday, May 15th. Monness Crespi & Hardt decreased their price objective on shares of Pinterest from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, May 9th. UBS Group decreased their price objective on shares of Pinterest from $50.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group decreased their price objective on shares of Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, TD Cowen decreased their price objective on shares of Pinterest from $46.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $40.42.

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.