Aigen Investment Management LP reduced its stake in Snap Inc. (NYSE:SNAP - Free Report) by 56.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,229 shares of the company's stock after selling 70,432 shares during the quarter. Aigen Investment Management LP's holdings in Snap were worth $595,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in Snap by 62.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,211,360 shares of the company's stock valued at $66,462,000 after buying an additional 2,386,519 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in Snap in the 3rd quarter valued at $2,349,000. Jacobs Levy Equity Management Inc. increased its stake in Snap by 49.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,639,681 shares of the company's stock valued at $28,245,000 after buying an additional 879,212 shares during the last quarter. Entropy Technologies LP acquired a new stake in Snap in the 3rd quarter valued at $828,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in Snap in the 4th quarter valued at $289,000. 47.52% of the stock is owned by institutional investors.
Snap Price Performance
Shares of Snap stock traded up $0.13 on Friday, reaching $9.73. 22,446,507 shares of the stock were exchanged, compared to its average volume of 28,828,330. The firm's 50 day moving average is $10.94 and its 200-day moving average is $10.81. Snap Inc. has a one year low of $8.29 and a one year high of $17.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The firm has a market cap of $16.50 billion, a PE ratio of -23.15 and a beta of 0.92.
Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. As a group, analysts anticipate that Snap Inc. will post -0.3 EPS for the current fiscal year.
Insider Buying and Selling
In related news, SVP Eric Young sold 102,152 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total transaction of $1,107,327.68. Following the completion of the transaction, the senior vice president now directly owns 3,443,419 shares in the company, valued at $37,326,661.96. This represents a 2.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Rebecca Morrow sold 8,837 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total transaction of $95,793.08. Following the transaction, the chief accounting officer now owns 429,892 shares of the company's stock, valued at approximately $4,660,029.28. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 481,471 shares of company stock worth $5,394,906 in the last three months. 22.68% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages have issued reports on SNAP. Citigroup lifted their price target on shares of Snap from $13.00 to $13.50 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price target on shares of Snap from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 5th. Guggenheim lowered shares of Snap from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 11th. Wells Fargo & Company lowered shares of Snap from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $15.00 to $11.00 in a research note on Wednesday, February 5th. Finally, Needham & Company LLC restated a "buy" rating and set a $640.00 price objective on shares of Snap in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $36.87.
Read Our Latest Report on SNAP
About Snap
(
Free Report)
Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.
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