Stephens Inc. AR Has $1.64 Million Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Stephens Inc. AR grew its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 100.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,534 shares of the company's stock after acquiring an additional 28,334 shares during the period. Stephens Inc. AR's holdings in Pinterest were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PINS. Point72 Asset Management L.P. bought a new position in shares of Pinterest in the third quarter worth about $153,829,000. Southpoint Capital Advisors LP bought a new stake in shares of Pinterest during the third quarter worth approximately $123,006,000. Ontario Teachers Pension Plan Board raised its stake in shares of Pinterest by 51.5% during the third quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company's stock worth $285,248,000 after buying an additional 2,996,750 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Pinterest by 122.1% during the fourth quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company's stock worth $111,515,000 after buying an additional 2,093,248 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Pinterest by 582.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,266,948 shares of the company's stock worth $65,741,000 after buying an additional 1,934,653 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Pinterest Stock Down 0.3 %

PINS traded down $0.13 during trading hours on Friday, hitting $38.96. 7,736,410 shares of the company's stock were exchanged, compared to its average volume of 10,502,726. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The stock's 50-day moving average is $32.19 and its two-hundred day moving average is $31.55. The stock has a market cap of $26.33 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.72 and a beta of 1.06.

Pinterest (NYSE:PINS - Get Free Report) last announced 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 return on equity of 9.20% and a net margin of 51.07%. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

PINS has been the subject of a number of recent research reports. Monness Crespi & Hardt raised shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price target for the company in a research note on Friday, January 10th. Guggenheim boosted their price target on shares of Pinterest from $33.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. KeyCorp boosted their price target on shares of Pinterest from $37.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $50.00 target price (up previously from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Finally, Roth Mkm lowered their target price on shares of Pinterest from $39.00 to $33.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $43.86.

Insiders Place Their Bets

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,862 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total transaction of $365,586.84. Following the sale, the insider now directly owns 246,921 shares of the company's stock, valued at approximately $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total transaction of $34,189.50. Following the sale, the director now directly owns 32,536 shares in the company, valued at $967,295.28. This trade represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,157 shares of company stock valued at $589,131. 7.11% of the stock is currently owned by corporate 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.