Compagnie Lombard Odier SCmA Acquires 129,330 Shares of Snap Inc. (NYSE:SNAP)

Compagnie Lombard Odier SCmA lifted its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 312.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,674 shares of the company's stock after purchasing an additional 129,330 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Snap were worth $1,838,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. HCR Wealth Advisors raised its stake in shares of Snap by 3.9% in the fourth quarter. HCR Wealth Advisors now owns 25,016 shares of the company's stock worth $269,000 after purchasing an additional 934 shares during the last quarter. Empowered Funds LLC raised its stake in shares of 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 purchasing an additional 1,055 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of Snap by 6.9% in the third quarter. Metis Global Partners LLC now owns 19,352 shares of the company's stock worth $207,000 after purchasing an additional 1,255 shares during the last quarter. Gradient Investments LLC increased its position in Snap by 0.9% during the fourth quarter. Gradient Investments LLC now owns 142,144 shares of the company's stock valued at $1,531,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in Snap by 1.9% during the third quarter. Intech Investment Management LLC now owns 77,592 shares of the company's stock valued at $830,000 after acquiring an additional 1,433 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. B. Riley upped their price objective on Snap from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Canaccord Genuity Group upped their price objective on Snap from $12.00 to $13.00 and gave the company a "hold" rating in a research report on Wednesday, October 30th. Benchmark reiterated a "hold" rating on shares of Snap in a research report on Friday, October 25th. Bank of America upped their price objective on Snap from $14.00 to $14.50 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group upped their price objective on Snap from $12.00 to $13.50 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Snap presently has an average rating of "Hold" and an average price target of $36.87.

Snap Price Performance

Shares of NYSE:SNAP traded up $0.17 during trading on Tuesday, hitting $11.02. 23,717,021 shares of the company's stock were exchanged, compared to its average volume of 32,348,008. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.95 and a quick ratio of 4.04. Snap Inc. has a 52-week low of $8.29 and a 52-week high of $17.33. The business's 50-day simple moving average is $11.28 and its 200 day simple moving average is $10.72. The company has a market cap of $18.48 billion, a price-to-earnings ratio of -26.23 and a beta of 0.99.

Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.13). Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. As a group, equities analysts predict that Snap Inc. will post -0.26 EPS for the current year.

Insider Buying and Selling at Snap

In other news, CAO Rebecca Morrow sold 32,000 shares of Snap stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $12.42, for a total value of $397,440.00. Following the completion of the transaction, the chief accounting officer now owns 433,064 shares in the company, valued at approximately $5,378,654.88. The trade was a 6.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $206,820.00. Following the completion of the transaction, the general counsel now owns 480,498 shares of the company's stock, valued at approximately $5,520,922.02. This trade represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 308,029 shares of company stock worth $3,518,695 in the last quarter. 22.68% of the stock is owned by corporate 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.