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

Compagnie Lombard Odier SCmA increased its position in shares of Pinterest, Inc. (NYSE:PINS) by 11.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 484,235 shares of the company’s stock after buying an additional 50,979 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Pinterest were worth $15,011,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PINS. Whipplewood Advisors LLC purchased a new stake in shares of Pinterest during the fourth quarter worth about $28,000. NBC Securities Inc. grew its stake in Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock valued at $31,000 after purchasing an additional 999 shares in the last quarter. American National Bank & Trust acquired a new stake in Pinterest during the 1st quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL increased its holdings in Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after purchasing an additional 1,204 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of Pinterest by 51.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after buying an additional 590 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jeremy S. Levine sold 6,274 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $34.11, for a total transaction of $214,006.14. Following the transaction, the director now owns 1,158,833 shares in the company, valued at $39,527,793.63. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total value of $3,180,906.28. Following the sale, the director now directly owns 6,274 shares in the company, valued at approximately $195,497.84. The trade was a 94.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,177,104 shares of company stock worth $38,592,423. 7.06% of the stock is owned by company insiders.

Pinterest Stock Down 1.0%

Shares of NYSE:PINS opened at $34.76 on Thursday. The company has a market cap of $23.58 billion, a PE ratio of 12.92, a P/E/G ratio of 1.95 and a beta of 0.91. The company’s 50-day moving average price is $29.12 and its 200 day moving average price is $31.45. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The business had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The business’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Bank of America dropped their price target on shares of Pinterest from $46.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. TD Cowen dropped their target price on shares of Pinterest from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Monness Crespi & Hardt reduced their price target on shares of Pinterest from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Guggenheim decreased their price target on Pinterest from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. upgraded Pinterest from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $40.00 in a research note on Tuesday, June 3rd. Six research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.42.

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.