Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Snap Inc. (NYSE:SNAP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,806 shares of the company's stock, valued at approximately $289,000.
Several other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Snap during the third quarter valued at about $29,000. Paladin Wealth LLC acquired a new position in Snap during the 3rd quarter valued at about $30,000. Advisors Asset Management Inc. boosted its position in shares of Snap by 141.9% during the third quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company's stock valued at $30,000 after buying an additional 1,632 shares during the last quarter. Brooklyn Investment Group purchased a new position in Snap during the 3rd quarter worth $41,000. Finally, Blue Trust Inc. raised its holdings in shares of Snap by 136.3% in the fourth quarter. Blue Trust Inc. now owns 4,529 shares of the company's stock valued at $48,000 after purchasing an additional 2,612 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Snap
In other news, SVP Eric Young sold 112,020 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.55, for a total value of $1,181,811.00. Following the completion of the sale, the senior vice president now owns 2,791,048 shares of the company's stock, valued at approximately $29,445,556.40. This represents a 3.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Rebecca Morrow sold 11,154 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.55, for a total transaction of $117,674.70. Following the transaction, the chief accounting officer now directly owns 465,064 shares in the company, valued at approximately $4,906,425.20. This represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 427,184 shares of company stock valued at $4,761,369. 22.68% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on Snap from $13.00 to $11.00 and set a "hold" rating for the company in a report on Monday, October 14th. UBS Group raised their price objective on shares of Snap from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Canaccord Genuity Group boosted their target price on shares of Snap from $12.00 to $13.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Piper Sandler restated a "neutral" rating and set a $13.00 price target (up previously from $12.00) on shares of Snap in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their price objective on Snap from $12.00 to $13.50 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Snap presently has a consensus rating of "Hold" and an average target price of $36.99.
Check Out Our Latest Research Report on Snap
Snap Price Performance
Snap stock traded down $0.05 during midday trading on Friday, hitting $11.31. 23,099,983 shares of the company's stock were exchanged, compared to its average volume of 26,324,652. The company has a market cap of $18.96 billion, a P/E ratio of -19.49 and a beta of 0.98. 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 stock has a 50-day moving average price of $11.53 and a two-hundred day moving average price of $10.93. Snap Inc. has a 52-week low of $8.29 and a 52-week high of $17.50.
Snap Company Profile
(
Free Report)
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.
Featured Articles

Before you consider Snap, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snap wasn't on the list.
While Snap currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.