Stifel Financial Corp Has $7.58 Million Stake in Pinterest, Inc. (NYSE:PINS)

Stifel Financial Corp raised its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 234,128 shares of the company's stock after purchasing an additional 18,936 shares during the period. Stifel Financial Corp's holdings in Pinterest were worth $7,579,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PINS. Quantinno Capital Management LP grew its holdings in shares of Pinterest by 83.8% during the 3rd quarter. Quantinno Capital Management LP now owns 24,625 shares of the company's stock worth $797,000 after purchasing an additional 11,230 shares during the period. Royal London Asset Management Ltd. grew its position in shares of Pinterest by 4.9% in the 3rd quarter. Royal London Asset Management Ltd. now owns 278,460 shares of the company's stock worth $9,014,000 after acquiring an additional 13,107 shares in the last quarter. Redwood Investment Management LLC grew its holdings in shares of Pinterest by 27.9% during the third quarter. Redwood Investment Management LLC now owns 15,456 shares of the company's stock valued at $502,000 after purchasing an additional 3,375 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Pinterest in the 3rd quarter worth approximately $153,829,000. Finally, Polar Asset Management Partners Inc. grew its stake in shares of Pinterest by 142.8% in the third quarter. Polar Asset Management Partners Inc. now owns 388,700 shares of the company's stock worth $12,582,000 after purchasing an additional 228,600 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Oppenheimer reduced their price objective on shares of Pinterest from $45.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pinterest in a research report on Monday, September 23rd. They set a "buy" rating and a $43.00 target price on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $48.00 price objective on shares of Pinterest in a research note on Tuesday. Robert W. Baird cut their price objective on Pinterest from $41.00 to $36.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Finally, Rosenblatt Securities cut their price target on Pinterest from $48.00 to $46.00 and set a "buy" rating for the company in a report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.46.

Insider Activity

In other news, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the completion of the sale, the chief financial officer now owns 297,351 shares in the company, valued at $9,729,324.72. The trade was a 9.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 246,921 shares in the company, valued at $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,287 shares of company stock valued at $1,547,820 over the last three months. 7.11% of the stock is owned by insiders.

Pinterest Stock Down 0.7 %

NYSE:PINS traded down $0.20 during mid-day trading on Friday, reaching $30.64. 9,687,662 shares of the company were exchanged, compared to its average volume of 9,658,982. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19. The stock has a market cap of $20.70 billion, a PE ratio of 102.17, a PEG ratio of 2.26 and a beta of 1.02. The company has a fifty day moving average of $31.70 and a 200 day moving average of $34.80.

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.