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

Compagnie Lombard Odier SCmA boosted its position in shares of Pinterest, Inc. (NYSE:PINS) by 1.1% during the fourth quarter, Holdings Channel reports. The firm owned 433,256 shares of the company’s stock after buying an additional 4,674 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Pinterest were worth $12,564,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Maverick Capital Ltd. raised its holdings in shares of Pinterest by 47.6% in the third quarter. Maverick Capital Ltd. now owns 57,180 shares of the company’s stock worth $1,851,000 after acquiring an additional 18,430 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Pinterest by 8.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company’s stock worth $49,855,000 after acquiring an additional 119,367 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Pinterest by 4.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company’s stock worth $27,326,000 after acquiring an additional 32,539 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Pinterest by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,252,996 shares of the company’s stock worth $137,669,000 after acquiring an additional 87,041 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its holdings in shares of Pinterest by 20.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 404,296 shares of the company’s stock worth $13,087,000 after acquiring an additional 68,096 shares during the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald boosted their price target on Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. KeyCorp upped their target price on Pinterest from $37.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Barclays upped their target price on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Robert W. Baird dropped their target price on Pinterest from $41.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $41.00 target price (up from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.86.

Insider Transactions at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total value of $34,189.50. Following the completion of the transaction, the director now owns 32,536 shares of the company’s stock, valued at approximately $967,295.28. This represents a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Andrea Acosta sold 3,845 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total value of $118,733.60. Following the completion of the transaction, the chief accounting officer now directly owns 158,468 shares of the company’s stock, valued at $4,893,491.84. This represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,157 shares of company stock valued at $589,131 over the last quarter. Company insiders own 7.11% of the company’s stock.

Pinterest Price Performance

Shares of NYSE PINS opened at $39.02 on Friday. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The business has a 50-day moving average of $31.91 and a 200-day moving average of $31.53. The company has a market capitalization of $26.37 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 1.72 and a beta of 1.06.

Pinterest (NYSE:PINS) last issued 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 return on equity of 9.20% and a net margin of 51.07%. Research analysts expect that Pinterest, Inc. will post 0.59 EPS for the current fiscal year.

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.