Snap Inc. (NYSE:SNAP) Shares Sold by EULAV Asset Management

EULAV Asset Management lowered its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 735,000 shares of the company's stock after selling 155,000 shares during the quarter. EULAV Asset Management's holdings in Snap were worth $7,916,000 as of its most recent filing with the Securities & Exchange Commission.

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

Snap Price Performance

NYSE:SNAP traded down $0.15 during trading hours on Wednesday, hitting $10.72. 20,640,653 shares of the stock traded hands, compared to its average volume of 33,238,113. Snap Inc. has a 1 year low of $8.29 and a 1 year high of $17.33. The company has a quick ratio of 4.04, a current ratio of 3.95 and a debt-to-equity ratio of 1.47. The company has a market cap of $17.98 billion, a price-to-earnings ratio of -25.52 and a beta of 0.99. The stock has a 50 day moving average price of $11.36 and a 200 day moving average price of $10.78.

Snap (NYSE:SNAP - Get Free Report) last posted its 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%. Sell-side analysts forecast that Snap Inc. will post -0.26 EPS for the current fiscal year.

Insider Transactions at Snap

In other Snap news, General Counsel Michael J. O'sullivan sold 18,000 shares of the business's 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 owns 480,498 shares in the company, valued at $5,520,922.02. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Eric Young sold 112,020 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.55, for a total value of $1,181,811.00. Following the completion of the sale, the senior vice president now owns 2,791,048 shares in the company, valued at approximately $29,445,556.40. The trade was a 3.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 443,518 shares of company stock worth $4,947,981 in the last three months. Insiders own 22.68% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SNAP. BMO Capital Markets reiterated an "outperform" rating and issued a $16.00 price target (down from $18.00) on shares of Snap in a research report on Wednesday, January 15th. Barclays reiterated an "overweight" rating on shares of Snap in a research report on Wednesday, February 5th. Cantor Fitzgerald boosted their price objective on shares of Snap from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Citigroup upped their price objective 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of Snap from $11.00 to $10.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 5th. One equities research 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 company's stock. According to data from MarketBeat.com, Snap currently has a consensus rating of "Hold" and an average price target of $36.87.

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.