Pinterest, Inc. (NYSE:PINS) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its position in shares of Pinterest, Inc. (NYSE:PINSFree Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,850 shares of the company’s stock after selling 1,112 shares during the period. Stephens Inc. AR’s holdings in Pinterest were worth $883,000 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. Norges Bank acquired a new stake in shares of Pinterest during the fourth quarter worth approximately $241,229,000. Fred Alger Management LLC grew its holdings in Pinterest by 279,496.9% during the 3rd quarter. Fred Alger Management LLC now owns 4,672,065 shares of the company’s stock worth $126,286,000 after acquiring an additional 4,670,394 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Pinterest by 43.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,122,436 shares of the company’s stock worth $300,639,000 after purchasing an additional 3,390,924 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Pinterest by 34.0% in the 4th quarter. Franklin Resources Inc. now owns 10,036,837 shares of the company’s stock valued at $371,764,000 after purchasing an additional 2,548,925 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Pinterest by 26.0% during the third quarter. Clearbridge Investments LLC now owns 6,820,443 shares of the company’s stock worth $184,357,000 after purchasing an additional 1,407,793 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $33.34, for a total value of $64,479.56. Following the sale, the director now directly owns 31,646 shares in the company, valued at $1,055,077.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Donnelly Julia Brau sold 30,221 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $35.45, for a total value of $1,071,334.45. Following the completion of the transaction, the chief financial officer now owns 327,358 shares in the company, valued at approximately $11,604,841.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the sale, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The disclosure for this sale can be found here. Insiders sold 67,650 shares of company stock valued at $2,466,665 over the last 90 days. 7.11% of the stock is currently owned by corporate insiders.

Pinterest Trading Down 0.1 %

Shares of NYSE:PINS opened at $44.05 on Tuesday. Pinterest, Inc. has a twelve month low of $23.59 and a twelve month high of $44.20. The firm has a market cap of $30.09 billion, a P/E ratio of 209.77, a P/E/G ratio of 4.39 and a beta of 0.97. The company has a 50 day moving average of $38.43 and a 200-day moving average of $36.90.

Pinterest (NYSE:PINSGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. The firm had revenue of $739.98 million during the quarter, compared to the consensus estimate of $699.96 million. Equities research analysts forecast that Pinterest, Inc. will post 0.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PINS shares. Stifel Nicolaus upped their price objective on Pinterest from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and set a $48.00 price target (up from $45.00) on shares of Pinterest in a research report on Wednesday, May 1st. BMO Capital Markets lifted their price objective on shares of Pinterest from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Wells Fargo & Company increased their target price on shares of Pinterest from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Citigroup raised their price target on shares of Pinterest from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Pinterest has a consensus rating of “Moderate Buy” and an average price target of $41.34.

Read Our Latest Stock Report on PINS

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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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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