Landscape Capital Management L.L.C. Takes $2.39 Million Position in Snap Inc. (NYSE:SNAP)

Landscape Capital Management L.L.C. acquired a new stake in Snap Inc. (NYSE:SNAP - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 222,851 shares of the company's stock, valued at approximately $2,385,000.

Several other large investors also recently bought and sold shares of SNAP. TB Alternative Assets Ltd. boosted its stake in shares of Snap by 105.6% during the third quarter. TB Alternative Assets Ltd. now owns 7,981,847 shares of the company's stock worth $85,406,000 after buying an additional 4,098,847 shares during the period. Aigen Investment Management LP acquired a new stake in Snap in the third quarter valued at about $1,345,000. Dynamic Advisor Solutions LLC acquired a new stake in Snap in the third quarter valued at about $832,000. Entropy Technologies LP acquired a new stake in Snap in the third quarter valued at about $828,000. Finally, Exchange Traded Concepts LLC lifted its position in Snap by 38.7% in the third quarter. Exchange Traded Concepts LLC now owns 784,982 shares of the company's stock valued at $8,399,000 after purchasing an additional 219,111 shares during the period. Institutional investors and hedge funds own 47.52% of the company's stock.

Insider Transactions at Snap

In other news, SVP Eric Young sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $10.54, for a total value of $527,000.00. Following the completion of the sale, the senior vice president now directly owns 752,110 shares of the company's stock, valued at approximately $7,927,239.40. This represents a 6.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joanna Coles sold 6,434 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $12.00, for a total transaction of $77,208.00. Following the completion of the sale, the director now directly owns 54,761 shares of the company's stock, valued at approximately $657,132. This represents a 10.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,406,709 shares of company stock valued at $16,615,487. Insiders own 22.68% of the company's stock.

Analyst Ratings Changes

SNAP has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Snap from $13.00 to $11.00 and set a "hold" rating for the company in a research report on Monday, October 14th. Argus upgraded shares of Snap to a "hold" rating in a research report on Thursday, August 8th. HSBC downgraded shares of Snap from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. JMP Securities reduced their price objective on shares of Snap from $17.00 to $16.00 and set a "market outperform" rating for the company in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $16.00 target price on shares of Snap in a report on Wednesday, October 30th. One equities research 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 company's stock. Based on data from MarketBeat.com, Snap has an average rating of "Hold" and a consensus target price of $14.31.

Snap Stock Up 7.4 %

Shares of NYSE:SNAP traded up $0.78 during midday trading on Friday, hitting $11.42. 39,143,138 shares of the company's stock traded hands, compared to its average volume of 27,773,207. The company has a debt-to-equity ratio of 1.63, a quick ratio of 4.04 and a current ratio of 4.04. The company has a market cap of $19.15 billion, a PE ratio of -19.66 and a beta of 0.99. The firm's fifty day moving average price is $10.82 and its two-hundred day moving average price is $12.54. Snap Inc. has a twelve month low of $8.29 and a twelve month high of $17.90.

Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm posted ($0.21) EPS. The firm's quarterly revenue was up 15.4% on a year-over-year basis. On average, equities research analysts anticipate that Snap Inc. will post -0.41 EPS for the current fiscal year.

About Snap

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.