Stephens Inc. AR Has $454,000 Stake in Pinterest, Inc. $PINS

Stephens Inc. AR trimmed its position in shares of Pinterest, Inc. (NYSE:PINS) by 53.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,745 shares of the company’s stock after selling 27,970 shares during the period. Stephens Inc. AR’s holdings in Pinterest were worth $454,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Pinterest in the fourth quarter valued at $357,945,000. Davis Selected Advisers acquired a new stake in shares of Pinterest in the third quarter worth $253,887,000. State Street Corp grew its holdings in shares of Pinterest by 52.6% during the fourth quarter. State Street Corp now owns 21,492,169 shares of the company’s stock valued at $556,432,000 after buying an additional 7,412,213 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Pinterest by 30.5% during the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock valued at $694,082,000 after buying an additional 6,258,628 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Pinterest by 15.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,809,693 shares of the company’s stock valued at $719,994,000 after buying an additional 3,669,476 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Pinterest

In other news, Director Gokul Rajaram sold 2,100 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total transaction of $42,000.00. Following the transaction, the director owned 27,450 shares of the company’s stock, valued at approximately $549,000. This represents a 7.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $22.63, for a total value of $1,060,781.25. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 325,945 shares of company stock worth $6,878,065 over the last three months. Corporate insiders own 8.09% of the company’s stock.

Pinterest Stock Performance

Shares of PINS opened at $22.53 on Monday. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 46.94, a price-to-earnings-growth ratio of 1.27 and a beta of 0.89. The company’s fifty day moving average is $20.76 and its 200-day moving average is $20.87. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $39.93.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. Pinterest’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. Equities analysts expect that Pinterest, Inc. will post 0.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PINS has been the subject of a number of research reports. Citigroup raised their price objective on Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. UBS Group upped their target price on Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Benchmark reduced their price target on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Oppenheimer raised their price target on shares of Pinterest from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, Rosenblatt Securities boosted their price objective on shares of Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Seventeen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.42.

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.