Candriam S.C.A. Boosts Stock Position in Pinterest, Inc. (NYSE:PINS)

Candriam S.C.A. increased its holdings in Pinterest, Inc. (NYSE:PINS) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,557 shares of the company’s stock after purchasing an additional 6,887 shares during the quarter. Candriam S.C.A.’s holdings in Pinterest were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Hantz Financial Services Inc. grew its position in shares of Pinterest by 3.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock worth $304,000 after buying an additional 339 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Pinterest by 2.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock worth $366,000 after acquiring an additional 342 shares during the period. Ethos Financial Group LLC boosted its holdings in Pinterest by 3.1% in the fourth quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock valued at $342,000 after acquiring an additional 350 shares in the last quarter. Amalgamated Bank increased its position in Pinterest by 0.9% during the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock valued at $1,154,000 after purchasing an additional 372 shares during the period. Finally, Commerce Bank raised its holdings in Pinterest by 3.3% in the 3rd quarter. Commerce Bank now owns 11,868 shares of the company’s stock worth $384,000 after purchasing an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Stock Down 0.4 %

Shares of NYSE PINS opened at $34.37 on Monday. The firm’s 50-day moving average price is $34.13 and its 200-day moving average price is $32.27. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19. The company has a market cap of $23.31 billion, a PE ratio of 12.78, a PEG ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PINS. TD Cowen initiated coverage on shares of Pinterest in a research note on Tuesday, November 26th. They set a “buy” rating and a $38.00 target price on the stock. Sanford C. Bernstein upgraded Pinterest from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $34.00 to $47.00 in a report on Friday, February 7th. Jefferies Financial Group reissued a “hold” rating and issued a $32.00 target price (down previously from $40.00) on shares of Pinterest in a research report on Monday, January 13th. The Goldman Sachs Group lifted their price target on Pinterest from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, KeyCorp increased their price objective on Pinterest from $37.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.47.

Insider Transactions at Pinterest

In related news, Director Jeremy S. Levine sold 50,535 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $33.98, for a total value of $1,717,179.30. Following the transaction, the director now owns 1,156,693 shares of the company’s stock, valued at approximately $39,304,428.14. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the sale, the director now directly owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,189 shares of company stock worth $3,433,811 in the last ninety days. Insiders own 7.11% of the company’s stock.

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.