Amundi Purchases 322,560 Shares of Pinterest, Inc. (NYSE:PINS)

by · The Cerbat Gem

Amundi increased its position in Pinterest, Inc. (NYSE:PINS – Free Report) by 19.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,982,783 shares of the company’s stock after buying an additional 322,560 shares during the quarter. Amundi owned 0.29% of Pinterest worth $61,209,000 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 company. Whipplewood Advisors LLC bought a new stake in Pinterest in the fourth quarter valued at approximately $28,000. GAMMA Investing LLC lifted its position in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares during the last quarter. Crewe Advisors LLC lifted its position in Pinterest by 91.1% in the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after purchasing an additional 550 shares during the last quarter. True Wealth Design LLC lifted its position in Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after purchasing an additional 1,487 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after purchasing an additional 590 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Analyst Ratings Changes

PINS has been the subject of several recent research reports. Guggenheim boosted their price objective on Pinterest from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price (up from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Monness Crespi & Hardt raised Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, January 10th. Benchmark raised Pinterest from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Friday, February 7th. Finally, Wells Fargo & Company boosted their target price on Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.47.

View Our Latest Stock Analysis on Pinterest

Pinterest Trading Down 1.1 %

Pinterest stock opened at $31.41 on Wednesday. The business’s fifty day simple moving average is $34.23 and its two-hundred day simple moving average is $32.27. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19. The company has a market capitalization of $21.31 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS – Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.33 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%. On average, equities research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Insiders Place Their Bets

In other news, insider Wanjiku Juanita Walcott sold 6,690 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the transaction, the insider now directly owns 254,211 shares of the company’s stock, valued at $8,350,831.35. This represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total value of $34,994.50. Following the transaction, the director now directly owns 30,236 shares in the company, valued at approximately $920,081.48. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,879 shares of company stock valued at $3,653,577. 7.11% of the stock is currently owned by corporate insiders.

Pinterest Company Profile

(Free Report)

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.

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