Snap Inc. (NYSE:SNAP) Holdings Increased by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC grew its holdings in Snap Inc. (NYSE:SNAP - Free Report) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 534,560 shares of the company's stock after acquiring an additional 85,000 shares during the period. Quinn Opportunity Partners LLC's holdings in Snap were worth $5,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mountain Hill Investment Partners Corp. purchased a new stake in Snap in the 4th quarter worth $27,000. Comprehensive Financial Planning Inc. PA purchased a new position in Snap in the 4th quarter valued at $32,000. Blue Trust Inc. boosted its stake in Snap by 128.0% during the 4th quarter. Blue Trust Inc. now owns 4,370 shares of the company's stock worth $47,000 after purchasing an additional 2,453 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in shares of Snap in the fourth quarter valued at about $54,000. Finally, V Square Quantitative Management LLC boosted its position in Snap by 213.3% during 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. Institutional investors and hedge funds own 47.52% of the company's stock.

Snap Trading Down 2.0 %

NYSE:SNAP traded down $0.16 during trading hours on Wednesday, reaching $7.71. 21,099,732 shares of the company were exchanged, compared to its average volume of 30,682,943. Snap Inc. has a 52-week low of $7.08 and a 52-week high of $17.33. The stock has a 50 day simple moving average of $9.37 and a 200 day simple moving average of $10.63. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of -18.36 and a beta of 0.92. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.95 and a quick ratio of 3.95.

Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates 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, analysts predict that Snap Inc. will post -0.3 EPS for the current year.

Insider Transactions at Snap

In other news, CFO Derek Andersen sold 61,334 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total value of $664,860.56. Following the sale, the chief financial officer now owns 3,564,235 shares in the company, valued at approximately $38,636,307.40. This represents a 1.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Robert C. Murphy sold 1,000,000 shares of the business's stock in a transaction dated 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 approximately $504,599,673.92. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,356,523 shares of company stock valued at $12,710,077 over the last 90 days. Corporate insiders own 22.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SNAP. Barclays restated an "overweight" rating on shares of Snap in a report on Wednesday, February 5th. Citigroup cut their price target on shares of Snap from $13.50 to $9.00 and set a "neutral" rating for the company in a report on Monday. Susquehanna increased their price objective on Snap from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $16.00 target price (down previously from $18.00) on shares of Snap in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group reduced their price target on shares of Snap from $13.50 to $9.50 and set a "neutral" rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Snap presently has an average rating of "Hold" and an average price target of $36.00.

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.