Natixis Advisors LLC Reduces Position in Pinterest, Inc. (NYSE:PINS)

Natixis Advisors LLC lessened its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 21.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,130 shares of the company’s stock after selling 29,156 shares during the period. Natixis Advisors LLC’s holdings in Pinterest were worth $3,468,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PINS. Brown Shipley& Co Ltd bought a new position in Pinterest in the 2nd quarter worth about $25,000. Wellington Shields Capital Management LLC purchased a new stake in shares of Pinterest during the 2nd quarter worth $26,000. Hexagon Capital Partners LLC grew its stake in Pinterest by 157.7% in the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after purchasing an additional 459 shares during the last quarter. GAMMA Investing LLC grew its stake in Pinterest by 113.4% in the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after purchasing an additional 405 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in Pinterest in the second quarter worth about $35,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total value of $34,189.50. Following the completion of the sale, 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 can be accessed through this link. Also, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the sale, the chief financial officer now directly owns 297,351 shares in the company, valued at approximately $9,729,324.72. The trade was a 9.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,580 shares of company stock worth $1,063,499. 7.11% of the stock is owned by insiders.

Pinterest Stock Up 2.4 %

Shares of PINS opened at $30.02 on Friday. The firm’s fifty day moving average is $31.73 and its two-hundred day moving average is $35.85. The stock has a market cap of $20.29 billion, a PE ratio of 100.04, a price-to-earnings-growth ratio of 2.10 and a beta of 1.02. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PINS shares. Evercore ISI reduced their price target on Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $41.00 price objective (down from $45.00) on shares of Pinterest in a research report on Friday, November 8th. Oppenheimer lowered their price objective on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company decreased their target price on Pinterest from $49.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, Barclays reduced their price target on shares of Pinterest from $38.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Pinterest 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.