Snap Inc. (NYSE:SNAP) Stock Holdings Lessened by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its stake in Snap Inc. (NYSE:SNAP - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161,873 shares of the company's stock after selling 25,534 shares during the quarter. Handelsbanken Fonder AB's holdings in Snap were worth $1,743,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its stake 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 buying an additional 1,632 shares during the period. Comprehensive Financial Planning Inc. PA purchased a new stake in Snap during the fourth quarter worth approximately $32,000. Brooklyn Investment Group purchased a new stake in Snap during the third quarter worth approximately $41,000. Blue Trust Inc. grew its stake in Snap by 128.0% during the fourth quarter. Blue Trust Inc. now owns 4,370 shares of the company's stock worth $47,000 after buying an additional 2,453 shares during the period. Finally, Quest Partners LLC purchased a new stake in Snap during the third quarter worth approximately $81,000. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Snap Price Performance

SNAP traded up $0.27 on Friday, reaching $10.26. The company had a trading volume of 21,440,214 shares, compared to its average volume of 29,646,766. The company has a fifty day moving average of $11.09 and a 200-day moving average of $10.79. The company has a market capitalization of $17.40 billion, a P/E ratio of -24.42 and a beta of 0.99. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47. Snap Inc. has a one year low of $8.29 and a one year high of $17.33.

Snap (NYSE:SNAP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 research analysts anticipate that Snap Inc. will post -0.3 earnings per share for the current year.

Insider Activity

In other news, CAO Rebecca Morrow sold 2,812 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $11.44, for a total transaction of $32,169.28. Following the completion of the transaction, the chief accounting officer now owns 430,252 shares in the company, valued at approximately $4,922,082.88. This trade represents a 0.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Eric Young sold 102,152 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total transaction of $1,107,327.68. Following the transaction, the senior vice president now owns 3,443,419 shares of the company's stock, valued at approximately $37,326,661.96. This trade represents a 2.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 481,471 shares of company stock worth $5,394,906. Corporate insiders own 22.68% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Bank of America boosted their price objective on shares of Snap from $14.00 to $14.50 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Citigroup upped their target price 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. Wells Fargo & Company downgraded shares of Snap from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $15.00 to $11.00 in a research note on Wednesday, February 5th. Needham & Company LLC restated a "buy" rating and issued a $640.00 target price on shares of Snap in a research note on Thursday, December 5th. Finally, Loop Capital upped their price target on shares of Snap from $14.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.