Natixis Purchases 10,054 Shares of Pinterest, Inc. (NYSE:PINS)

Natixis grew its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 59.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PINS. Norges Bank purchased a new stake in Pinterest during the fourth quarter valued at approximately $358,205,000. Marshall Wace LLP grew its position in shares of Pinterest by 134.1% during the 4th quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock valued at $310,352,000 after acquiring an additional 6,129,985 shares during the period. Schroder Investment Management Group increased its stake in shares of Pinterest by 357.5% in the 4th quarter. Schroder Investment Management Group now owns 2,719,355 shares of the company's stock worth $79,269,000 after purchasing an additional 2,125,010 shares in the last quarter. Raymond James Financial Inc. bought a new position in Pinterest in the 4th quarter worth $61,261,000. Finally, Nordea Investment Management AB lifted its position in Pinterest by 122.1% during the fourth quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company's stock valued at $111,515,000 after purchasing an additional 2,093,248 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest Stock Performance

NYSE PINS traded down $0.05 on Tuesday, hitting $26.13. 1,885,327 shares of the stock were exchanged, compared to its average volume of 10,517,384. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $45.19. The firm has a market capitalization of $17.72 billion, a P/E ratio of 9.69, a P/E/G ratio of 1.95 and a beta of 0.99. The stock has a fifty day moving average price of $30.62 and a two-hundred day moving average price of $31.57.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Morgan Stanley reduced their price target on Pinterest from $42.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Cantor Fitzgerald raised their target price on shares of Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Benchmark upgraded shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 price target for the company in a research report on Friday, February 7th. Piper Sandler decreased their price objective on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Sanford C. Bernstein upgraded shares of Pinterest from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $34.00 to $47.00 in a research note on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.10.

Insider Activity

In related news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the transaction, the director now owns 29,086 shares in the company, valued at $1,139,880.34. The trade was a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.27, for a total value of $3,192,135.41. Following the completion of the sale, the director now owns 6,274 shares in the company, valued at approximately $196,187.98. The trade was a 94.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 453,836 shares of company stock valued at $14,828,392. 7.11% of the stock is currently owned by insiders.

About Pinterest

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.