Pinterest, Inc. (NYSE:PINS) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in Pinterest, Inc. (NYSE:PINS) by 21.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 107,130 shares of the company’s stock after selling 29,156 shares during the quarter. Natixis Advisors LLC’s holdings in Pinterest were worth $3,468,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brown Shipley& Co Ltd acquired a new stake in Pinterest in the 2nd quarter valued at about $25,000. Wellington Shields Capital Management LLC acquired a new position in Pinterest during the 2nd quarter worth approximately $26,000. Hexagon Capital Partners LLC increased its position in shares of Pinterest by 157.7% in the 2nd 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 raised 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 buying an additional 405 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Pinterest in the 2nd quarter valued at about $35,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Raymond James cut their price objective on shares of Pinterest from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Stifel Nicolaus reduced their target price on shares of Pinterest from $46.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. UBS Group cut their price target on Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and issued a $48.00 price objective on shares of Pinterest in a research report on Thursday, September 12th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $41.00 price objective on shares of Pinterest in a research report on Monday, October 7th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of Pinterest 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 transaction, the director now directly owns 32,536 shares in the company, valued at approximately $967,295.28. The trade was a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the transaction, the chief financial officer now 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 ninety days, insiders have sold 32,580 shares of company stock valued at $1,063,499. 7.11% of the stock is owned by insiders.

Pinterest Price Performance

Shares of PINS opened at $30.02 on Friday. The company has a 50-day moving average of $31.73 and a two-hundred day moving average of $35.85. The stock has a market cap of $20.29 billion, a price-to-earnings ratio of 100.04, a PEG ratio of 2.10 and a beta of 1.02. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19.

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.