Natixis Has $31.34 Million Stake in Snap Inc. (NYSE:SNAP)

Natixis grew its stake in shares of Snap Inc. (NYSE:SNAP - Free Report) by 69.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,909,997 shares of the company's stock after purchasing an additional 1,193,826 shares during the quarter. Natixis owned approximately 0.17% of Snap worth $31,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital World Investors boosted its stake in Snap by 38.9% during the 4th quarter. Capital World Investors now owns 84,137,317 shares of the company's stock valued at $906,161,000 after purchasing an additional 23,569,522 shares during the period. Capital International Investors acquired a new position in shares of Snap during the fourth quarter worth approximately $422,049,000. Geode Capital Management LLC boosted its position in shares of Snap by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 11,831,472 shares of the company's stock worth $127,078,000 after buying an additional 134,017 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Snap by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,601,172 shares of the company's stock worth $71,095,000 after buying an additional 389,812 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Snap by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,245,128 shares of the company's stock valued at $34,950,000 after acquiring an additional 15,294 shares during the period. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SNAP shares. Bank of America reduced their price target on Snap from $14.50 to $10.50 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Citigroup decreased their target price on shares of Snap from $13.50 to $9.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on shares of Snap from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Citizens Jmp raised shares of Snap from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Finally, Guggenheim reiterated a "neutral" rating on shares of Snap in a research note on Wednesday, April 2nd. One 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $35.49.

Insider Transactions at Snap

In other Snap news, CTO Robert C. Murphy sold 1,000,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $9.04, for a total value of $9,040,000.00. Following the completion of the sale, the chief technology officer now directly owns 55,818,548 shares of the company's stock, valued at $504,599,673.92. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Michael J. O'sullivan sold 24,000 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $8.60, for a total transaction of $206,400.00. Following the transaction, the general counsel now owns 507,660 shares in the company, valued at approximately $4,365,876. This trade represents a 4.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,356,523 shares of company stock valued at $12,710,077. 22.68% of the stock is owned by insiders.

Snap Stock Up 1.7 %

Shares of SNAP traded up $0.13 during trading hours on Wednesday, reaching $7.98. The company's stock had a trading volume of 35,661,111 shares, compared to its average volume of 28,053,291. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.47. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of -19.00 and a beta of 0.92. The company has a 50 day moving average of $9.06 and a two-hundred day moving average of $10.53. Snap Inc. has a 1-year low of $7.08 and a 1-year high of $17.33.

Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings data 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%. As a group, research analysts predict that Snap Inc. will post -0.3 EPS 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.