Mercer Global Advisors Inc. ADV Grows Position in Pinterest, Inc. (NYSE:PINS)

Mercer Global Advisors Inc. ADV lifted its holdings in Pinterest, Inc. (NYSE:PINS) by 3.8% during the 4th quarter, according to the company in 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 period. Mercer Global Advisors Inc. ADV’s holdings in Pinterest were worth $1,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of Pinterest during the 4th quarter worth approximately $28,000. GAMMA Investing LLC boosted its stake in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after buying an additional 415 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its stake in shares of Pinterest by 401.3% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after acquiring an additional 1,204 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Pinterest by 51.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock worth $50,000 after acquiring an additional 590 shares during the period. Finally, Huntington National Bank boosted its position in shares of Pinterest by 484.1% during the 4th quarter. Huntington National Bank now owns 2,027 shares of the company’s stock valued at $59,000 after acquiring an additional 1,680 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PINS has been the topic of a number of analyst reports. Monness Crespi & Hardt raised shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, January 10th. Oppenheimer upped their price objective on Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Benchmark lowered their price objective on Pinterest from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday. Citigroup reduced their target price on Pinterest from $47.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Rosenblatt Securities increased their price target on Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.31.

Insiders Place Their Bets

In other Pinterest news, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $219,766.50. Following the transaction, the insider now directly owns 254,211 shares of the company’s stock, valued at approximately $8,350,831.35. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the completion of the sale, the director now directly owns 6,274 shares of the company’s stock, valued at $195,497.84. The trade was a 94.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 453,836 shares of company stock valued at $14,828,392. 7.06% of the stock is owned by corporate insiders.

Pinterest Price Performance

Pinterest stock opened at $27.93 on Friday. The stock has a market cap of $18.95 billion, a PE ratio of 10.38, a P/E/G ratio of 1.95 and a beta of 0.83. The stock’s fifty day moving average is $28.96 and its two-hundred day moving average is $31.23. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $45.19.

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

About Pinterest

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.