Machina Capital S.A.S. Invests $275,000 in Pinterest, Inc. (NYSE:PINS)

Machina Capital S.A.S. acquired a new stake in Pinterest, Inc. (NYSE:PINS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 7,419 shares of the company’s stock, valued at approximately $275,000.

A number of other institutional investors also recently made changes to their positions in PINS. Private Advisor Group LLC bought a new position in shares of Pinterest during the fourth quarter valued at $367,000. National Bank of Canada FI boosted its holdings in shares of Pinterest by 47.4% in the 4th quarter. National Bank of Canada FI now owns 126,385 shares of the company’s stock worth $4,576,000 after purchasing an additional 40,662 shares during the period. Vestmark Advisory Solutions Inc. purchased a new position in Pinterest during the 4th quarter valued at $2,323,000. Benjamin F. Edwards & Company Inc. raised its position in Pinterest by 25.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,363 shares of the company’s stock valued at $273,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Westover Capital Advisors LLC bought a new position in shares of Pinterest in the 4th quarter worth $227,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Stock Up 1.3 %

Shares of PINS traded up $0.52 during midday trading on Tuesday, hitting $41.90. The company had a trading volume of 10,821,327 shares, compared to its average volume of 10,208,686. The stock has a market cap of $28.62 billion, a price-to-earnings ratio of 197.06, a PEG ratio of 4.02 and a beta of 0.99. Pinterest, Inc. has a 52 week low of $20.88 and a 52 week high of $42.09. The company’s 50 day moving average price is $34.90 and its 200 day moving average price is $34.68.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $981.26 million during the quarter, compared to analyst estimates of $988.62 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. Equities analysts anticipate that Pinterest, Inc. will post 0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on PINS. Benchmark reaffirmed a “hold” rating on shares of Pinterest in a research report on Wednesday, May 1st. BMO Capital Markets upped their price objective on shares of Pinterest from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Royal Bank of Canada upped their price objective on Pinterest from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Evercore ISI raised their price target on Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Stifel Nicolaus boosted their target price on Pinterest from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.26.

Insider Buying and Selling at Pinterest

In other news, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the sale, the chief financial officer now owns 392,829 shares in the company, valued at $13,521,174.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Donnelly Julia Brau sold 65,972 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the transaction, the chief financial officer now owns 392,829 shares in the company, valued at approximately $13,521,174.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sabrina Ellis sold 24,410 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total value of $866,310.90. Following the completion of the transaction, the insider now directly owns 500,504 shares in the company, valued at $17,762,886.96. The disclosure for this sale can be found here. In the last three months, insiders sold 164,471 shares of company stock valued at $5,773,431. 7.11% of the stock is owned by insiders.

Pinterest Company 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.