APG Asset Management N.V. lifted its position in Snap Inc. (NYSE:SNAP - Free Report) by 190.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 856,333 shares of the company's stock after purchasing an additional 561,100 shares during the period. APG Asset Management N.V. owned about 0.05% of Snap worth $8,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in SNAP. Captrust Financial Advisors purchased a new position in Snap in the third quarter worth $138,000. Quantinno Capital Management LP lifted its position in shares of Snap by 51.5% in the 3rd quarter. Quantinno Capital Management LP now owns 87,685 shares of the company's stock valued at $938,000 after acquiring an additional 29,806 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Snap by 15.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 48,713 shares of the company's stock worth $521,000 after acquiring an additional 6,413 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new stake in Snap in the 3rd quarter worth $149,000. Finally, MML Investors Services LLC lifted its holdings in Snap by 6.8% during the 3rd quarter. MML Investors Services LLC now owns 25,245 shares of the company's stock valued at $270,000 after purchasing an additional 1,614 shares during the last quarter. Hedge funds and other institutional investors own 47.52% of the company's stock.
Snap Trading Down 0.9 %
Shares of NYSE SNAP traded down $0.07 during trading hours on Wednesday, hitting $7.80. The company's stock had a trading volume of 13,019,671 shares, compared to its average volume of 28,134,694. 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 business has a 50-day simple moving average of $9.37 and a 200-day simple moving average of $10.63. The stock has a market cap of $13.23 billion, a price-to-earnings ratio of -18.57 and a beta of 0.92. Snap Inc. has a 12 month low of $7.08 and a 12 month high of $17.33.
Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. On average, analysts anticipate that Snap Inc. will post -0.3 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
SNAP has been the subject of a number of analyst reports. Barclays reissued an "overweight" rating on shares of Snap in a research report on Wednesday, February 5th. Susquehanna boosted their price objective on shares of Snap from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price target on Snap from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Citizens Jmp raised shares of Snap from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Finally, UBS Group reduced their target price on Snap from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Snap presently has an average rating of "Hold" and an average price target of $36.00.
Read Our Latest Analysis on SNAP
Insider Transactions at Snap
In other news, General Counsel Michael J. O'sullivan sold 18,000 shares of Snap stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $11.49, for a total transaction of $206,820.00. Following the completion of the transaction, the general counsel now directly owns 480,498 shares in the company, valued at approximately $5,520,922.02. The trade was a 3.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Robert C. Murphy sold 1,000,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $9.04, for a total value of $9,040,000.00. Following the sale, the chief technology officer now directly owns 55,818,548 shares of the company's stock, valued at $504,599,673.92. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,356,523 shares of company stock worth $12,710,077. 22.68% of the stock is currently owned by company insiders.
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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