Connor Clark & Lunn Investment Management Ltd. Has $6.51 Million Stake in Pinterest, Inc. (NYSE:PINS)

Connor Clark & Lunn Investment Management Ltd. increased its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 615.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,375 shares of the company's stock after acquiring an additional 192,998 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Pinterest were worth $6,507,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. increased its holdings in shares of Pinterest by 3.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company's stock worth $304,000 after purchasing an additional 339 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Pinterest by 2.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company's stock valued at $366,000 after acquiring an additional 342 shares during the period. Ethos Financial Group LLC increased its stake in Pinterest by 3.1% in the fourth quarter. Ethos Financial Group LLC now owns 11,803 shares of the company's stock valued at $342,000 after acquiring an additional 350 shares during the period. Amalgamated Bank increased its stake in Pinterest by 0.9% in the fourth quarter. Amalgamated Bank now owns 39,792 shares of the company's stock valued at $1,154,000 after acquiring an additional 372 shares during the period. Finally, Commerce Bank increased its stake in Pinterest by 3.3% in the third quarter. Commerce Bank now owns 11,868 shares of the company's stock valued at $384,000 after acquiring an additional 378 shares during the period. Institutional investors own 88.81% of the company's stock.

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Pinterest Trading Up 1.0 %

Shares of PINS traded up $0.32 on Wednesday, reaching $31.62. 13,959,547 shares of the company's stock were exchanged, compared to its average volume of 12,387,073. The stock has a market capitalization of $21.45 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. The business has a 50 day moving average price of $34.32 and a two-hundred day moving average price of $32.28. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. Equities research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total value of $34,994.50. Following the completion of the sale, the director now owns 30,236 shares of the company's stock, valued at approximately $920,081.48. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the sale, the insider now directly owns 254,211 shares of the company's stock, valued at $8,350,831.35. This represents a 2.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 105,729 shares of company stock valued at $3,617,950. Corporate insiders own 7.11% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. TD Cowen assumed coverage on shares of Pinterest in a research note on Tuesday, November 26th. They issued a "buy" rating and a $38.00 target price on the stock. Roth Capital set a $32.00 target price on shares of Pinterest in a research note on Monday, February 3rd. The Goldman Sachs Group upped their target price on shares of Pinterest from $42.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, KeyCorp reduced their price target on shares of Pinterest from $46.00 to $41.00 and set an "overweight" rating on the stock in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.30.

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.