Baader Bank Aktiengesellschaft Acquires 30,126 Shares of Snap Inc. (NYSE:SNAP)

Baader Bank Aktiengesellschaft boosted its stake in Snap Inc. (NYSE:SNAP - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 160,791 shares of the company's stock after buying an additional 30,126 shares during the period. Baader Bank Aktiengesellschaft's holdings in Snap were worth $1,731,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SNAP. V Square Quantitative Management LLC acquired a new position in shares of Snap during the 3rd quarter worth approximately $29,000. Paladin Wealth LLC acquired a new stake in shares of Snap during the 3rd quarter worth approximately $30,000. Advisors Asset Management Inc. boosted its position in shares of Snap by 141.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company's stock worth $30,000 after acquiring an additional 1,632 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Snap during the 3rd quarter worth approximately $41,000. Finally, Blue Trust Inc. boosted its position in shares of Snap by 136.3% during the 4th quarter. Blue Trust Inc. now owns 4,529 shares of the company's stock worth $48,000 after acquiring an additional 2,612 shares in the last quarter. Institutional investors and hedge funds own 47.52% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SNAP shares. JMP Securities reiterated a "market outperform" rating and set a $16.00 price target on shares of Snap in a research report on Monday. Bank of America increased their price target on shares of Snap from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Citigroup increased their price target on shares of Snap from $11.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, November 29th. Needham & Company LLC reiterated a "buy" rating and set a $640.00 price target on shares of Snap in a research report on Thursday, December 5th. Finally, UBS Group increased their price objective on shares of Snap from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Snap presently has an average rating of "Hold" and an average price target of $36.99.

Snap Trading Down 2.7 %

NYSE SNAP traded down $0.32 during mid-day trading on Thursday, reaching $11.32. 14,240,879 shares of the stock were exchanged, compared to its average volume of 28,428,520. Snap Inc. has a one year low of $8.29 and a one year high of $17.50. The stock has a 50 day simple moving average of $11.52 and a 200-day simple moving average of $11.03. The stock has a market cap of $18.98 billion, a P/E ratio of -19.49 and a beta of 0.98. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.04 and a quick ratio of 4.04.

Snap (NYSE:SNAP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. The business's quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the company posted ($0.21) earnings per share. On average, analysts anticipate that Snap Inc. will post -0.39 EPS for the current year.

Insider Activity

In related news, CAO Rebecca Morrow sold 11,154 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.55, for a total transaction of $117,674.70. Following the transaction, the chief accounting officer now directly owns 465,064 shares of the company's stock, valued at $4,906,425.20. This trade represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Michael J. O'sullivan sold 12,315 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.54, for a total transaction of $129,800.10. Following the transaction, the general counsel now directly owns 1,195,567 shares in the company, valued at $12,601,276.18. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,184 shares of company stock worth $4,761,369 over the last three months. 22.68% of the stock is currently owned by insiders.

Snap Company Profile

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.