Landscape Capital Management L.L.C. Has $1.88 Million Stock Position in Snap Inc. (NYSE:SNAP)

Landscape Capital Management L.L.C. decreased its stake in Snap Inc. (NYSE:SNAP - Free Report) by 21.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,495 shares of the company's stock after selling 48,356 shares during the period. Landscape Capital Management L.L.C.'s holdings in Snap were worth $1,879,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Snap by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,601,172 shares of the company's stock valued at $71,095,000 after buying an additional 389,812 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in Snap during the fourth quarter valued at about $289,000. Holocene Advisors LP acquired a new position in Snap in the 3rd quarter valued at approximately $3,436,000. IHT Wealth Management LLC bought a new stake in shares of Snap in the 3rd quarter worth approximately $607,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Snap by 2.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,538,111 shares of the company's stock worth $16,565,000 after purchasing an additional 29,526 shares in the last quarter. Institutional investors own 47.52% of the company's stock.

Insider Buying and Selling

In other news, General Counsel Michael J. O'sullivan sold 24,000 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $8.60, for a total value of $206,400.00. Following the sale, the general counsel now directly owns 507,660 shares of the company's stock, valued at approximately $4,365,876. This represents a 4.51 % 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, CFO Derek Andersen sold 61,334 shares of Snap stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total value of $664,860.56. Following the transaction, the chief financial officer now owns 3,564,235 shares of the company's stock, valued at $38,636,307.40. The trade was a 1.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,356,523 shares of company stock worth $12,710,077. Corporate insiders own 22.68% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Guggenheim reaffirmed a "neutral" rating on shares of Snap in a research report on Wednesday, April 2nd. JMP Securities reissued a "market outperform" rating and issued a $16.00 target price on shares of Snap in a research note on Monday, January 27th. Susquehanna raised their price target on shares of Snap from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Citizens Jmp upgraded Snap from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. decreased their price target on Snap from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, twenty-four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Snap has an average rating of "Hold" and an average target price of $36.47.

Snap Stock Down 10.2 %

Shares of NYSE:SNAP traded down $0.90 during mid-day trading on Thursday, reaching $7.92. 22,441,486 shares of the stock were exchanged, compared to its average volume of 28,044,585. The company has a market cap of $13.43 billion, a P/E ratio of -18.84 and a beta of 0.92. The stock's 50 day simple moving average is $9.62 and its 200-day simple moving average is $10.70. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.47. Snap Inc. has a one year low of $7.08 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 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%. As a group, equities research analysts predict that Snap Inc. will post -0.3 EPS 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.