Banco Bilbao Vizcaya Argentaria S.A. Raises Position in Snap Inc. (NYSE:SNAP)

Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Snap Inc. (NYSE:SNAP - Free Report) by 18.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 426,248 shares of the company's stock after acquiring an additional 65,808 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Snap were worth $4,641,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SNAP. Checchi Capital Advisers LLC increased its stake in shares of Snap by 3.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 31,126 shares of the company's stock worth $335,000 after purchasing an additional 901 shares during the last quarter. HCR Wealth Advisors grew its holdings in Snap by 3.9% during the fourth quarter. HCR Wealth Advisors now owns 25,016 shares of the company's stock valued at $269,000 after purchasing an additional 934 shares during the period. Empowered Funds LLC increased its position in Snap by 3.1% in the fourth quarter. Empowered Funds LLC now owns 35,639 shares of the company's stock worth $384,000 after buying an additional 1,055 shares during the last quarter. Trajan Wealth LLC raised its stake in shares of Snap by 5.9% in the fourth quarter. Trajan Wealth LLC now owns 20,191 shares of the company's stock valued at $217,000 after buying an additional 1,132 shares during the period. Finally, Gradient Investments LLC lifted its position in shares of Snap by 0.9% during the 4th quarter. Gradient Investments LLC now owns 142,144 shares of the company's stock valued at $1,531,000 after buying an additional 1,310 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SNAP shares. Wells Fargo & Company decreased their price objective on Snap from $11.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, March 31st. Bank of America lowered their price target on shares of Snap from $14.50 to $10.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Barclays reaffirmed an "overweight" rating on shares of Snap in a report on Wednesday, February 5th. Piper Sandler lowered their target price on shares of Snap from $13.00 to $10.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, Susquehanna raised their price target on Snap from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $38.09.

Insider Activity

In other news, General Counsel Michael J. O'sullivan sold 18,000 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $11.49, for a total transaction of $206,820.00. Following the sale, the general counsel now 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 filing with the SEC, which is accessible through the SEC website. Also, CAO Rebecca Morrow sold 8,837 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total transaction of $95,793.08. Following the sale, the chief accounting officer now directly owns 429,892 shares in the company, valued at $4,660,029.28. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,356,523 shares of company stock valued at $12,710,077. Insiders own 22.68% of the company's stock.

Snap Trading Up 3.6 %

SNAP traded up $0.31 on Monday, hitting $8.85. 53,419,956 shares of the company were exchanged, compared to its average volume of 27,467,161. 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 fifty day simple moving average of $8.86 and a two-hundred day simple moving average of $10.46. The stock has a market capitalization of $15.01 billion, a PE ratio of -21.07 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 issued its earnings results 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%. Sell-side analysts expect that Snap Inc. will post -0.3 earnings per share for the current year.

Snap 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.