Snap Inc. (NYSE:SNAP) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its stake in shares of Snap Inc. (NYSE:SNAP - Free Report) by 94.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,447,307 shares of the company's stock after selling 25,318,408 shares during the quarter. Marshall Wace LLP owned 0.09% of Snap worth $15,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. bought a new stake in Snap during the 4th quarter valued at approximately $27,000. Comprehensive Financial Planning Inc. PA bought a new position in Snap during the 4th quarter valued at approximately $32,000. Blue Trust Inc. raised its stake in Snap by 128.0% during the fourth quarter. Blue Trust Inc. now owns 4,370 shares of the company's stock valued at $47,000 after buying an additional 2,453 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in Snap in the fourth quarter worth $54,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Snap by 213.3% in the fourth quarter. V Square Quantitative Management LLC now owns 8,378 shares of the company's stock worth $91,000 after acquiring an additional 5,704 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on SNAP shares. Guggenheim reissued a "neutral" rating on shares of Snap in a research report on Wednesday, April 2nd. The Goldman Sachs Group dropped their price objective on Snap from $13.50 to $9.50 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus lowered their target price on shares of Snap from $11.00 to $8.00 and set a "hold" rating on the stock in a research note on Wednesday. Morgan Stanley reduced their price target on shares of Snap from $10.00 to $8.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, Wells Fargo & Company lowered their price objective on shares of Snap from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, twenty-four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $35.49.

Insiders Place Their Bets

In related news, CFO Derek Andersen sold 61,334 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total transaction of $664,860.56. Following the completion of the transaction, the chief financial officer now owns 3,564,235 shares of the company's stock, valued at $38,636,307.40. This trade represents a 1.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Michael J. O'sullivan sold 18,000 shares of Snap stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $11.49, for a total value of $206,820.00. Following the transaction, the general counsel now owns 480,498 shares of the company's stock, valued at $5,520,922.02. The trade was a 3.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,356,523 shares of company stock valued at $12,710,077. 22.68% of the stock is owned by company insiders.

Snap Stock Up 2.3 %

NYSE:SNAP traded up $0.19 during midday trading on Friday, reaching $8.52. 32,678,113 shares of the stock traded hands, compared to its average volume of 28,083,925. The business has a 50-day moving average of $9.00 and a two-hundred day moving average of $10.51. Snap Inc. has a 12-month low of $7.08 and a 12-month high of $17.33. The stock has a market capitalization of $14.45 billion, a PE ratio of -20.29 and a beta of 0.92. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95.

Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings data 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 net margin of 13.02% and a negative return on equity of 25.67%. On average, equities analysts forecast that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

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.