Stephens Inc. AR Has $2.32 Million Position in Pinterest, Inc. $PINS

Stephens Inc. AR increased its position in Pinterest, Inc. (NYSE:PINS) by 16.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,732 shares of the company’s stock after buying an additional 9,123 shares during the quarter. Stephens Inc. AR’s holdings in Pinterest were worth $2,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Pinterest in the first quarter valued at approximately $25,000. West Branch Capital LLC acquired a new position in shares of Pinterest in the second quarter valued at approximately $36,000. Golden State Wealth Management LLC increased its stake in shares of Pinterest by 665.4% in the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $38,000 after buying an additional 1,058 shares during the period. Mather Group LLC. increased its stake in shares of Pinterest by 133.5% in the first quarter. Mather Group LLC. now owns 1,310 shares of the company’s stock valued at $41,000 after buying an additional 749 shares during the period. Finally, LRI Investments LLC increased its stake in shares of Pinterest by 97.7% in the first quarter. LRI Investments LLC now owns 1,374 shares of the company’s stock valued at $43,000 after buying an additional 679 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity at Pinterest

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total value of $795,311.85. Following the transaction, the chief financial officer directly owned 312,422 shares in the company, valued at $10,887,906.70. This trade represents a 6.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total value of $40,250.00. Following the completion of the transaction, the director owned 30,600 shares in the company, valued at approximately $1,071,000. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 640,236 shares of company stock worth $22,878,326. Corporate insiders own 7.06% of the company’s stock.

Pinterest Stock Down 2.4%

Shares of PINS stock opened at $32.96 on Thursday. The company has a market cap of $22.41 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 1.41 and a beta of 0.81. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The firm has a 50 day moving average of $34.60 and a 200-day moving average of $33.24.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. The company had revenue of $665.93 million during the quarter. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. Analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PINS has been the subject of a number of recent analyst reports. Guggenheim reissued a “buy” rating on shares of Pinterest in a research report on Tuesday, September 2nd. Wall Street Zen downgraded shares of Pinterest from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Wells Fargo & Company set a $42.00 target price on shares of Pinterest and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Wedbush increased their target price on shares of Pinterest from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Benchmark increased their target price on shares of Pinterest from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.67.

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.