Mercer Global Advisors Inc. ADV Has $1.28 Million Stock Position in Pinterest, Inc. (NYSE:PINS)

Mercer Global Advisors Inc. ADV increased its stake in shares of Pinterest, Inc. (NYSE:PINS) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,077 shares of the company’s stock after buying an additional 1,613 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Pinterest were worth $1,278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PINS. Wilmington Savings Fund Society FSB bought a new stake in shares of Pinterest in the third quarter valued at approximately $87,000. GAMMA Investing LLC raised its position in shares of Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after buying an additional 415 shares in the last quarter. Graypoint LLC purchased a new stake in Pinterest during the fourth quarter valued at about $317,000. Claro Advisors LLC bought a new stake in Pinterest in the 4th quarter worth approximately $226,000. Finally, Pallas Capital Advisors LLC lifted its holdings in shares of Pinterest by 49.4% in the 4th quarter. Pallas Capital Advisors LLC now owns 23,304 shares of the company’s stock worth $676,000 after acquiring an additional 7,709 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,399,072.34. This represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the sale, the director now owns 29,086 shares in the company, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 453,836 shares of company stock worth $14,828,392. 7.06% of the stock is owned by company insiders.

Pinterest Stock Performance

Shares of Pinterest stock opened at $27.93 on Friday. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19. The company has a 50-day simple moving average of $28.96 and a two-hundred day simple moving average of $31.23. The company has a market capitalization of $18.95 billion, a PE ratio of 10.38, a P/E/G ratio of 1.95 and a beta of 0.83.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, equities analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PINS. JPMorgan Chase & Co. dropped their price target on shares of Pinterest from $42.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Piper Sandler dropped their price target on shares of Pinterest from $41.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Cantor Fitzgerald upped their target price on shares of Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Sanford C. Bernstein upgraded shares of Pinterest from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $47.00 in a research report on Friday, February 7th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.31.

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.