Robeco Institutional Asset Management B.V. Sells 194,789 Shares of Snap Inc. (NYSE:SNAP)

Robeco Institutional Asset Management B.V. cut its stake in shares of Snap Inc. (NYSE:SNAP - Free Report) by 51.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 182,338 shares of the company's stock after selling 194,789 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Snap were worth $1,951,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SNAP. Westbourne Investment Advisors Inc. grew its position in shares of Snap by 3.7% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 336,837 shares of the company's stock worth $3,604,000 after purchasing an additional 11,958 shares in the last quarter. Van ECK Associates Corp grew its position in Snap by 150.1% during the third quarter. Van ECK Associates Corp now owns 73,295 shares of the company's stock worth $744,000 after buying an additional 43,994 shares in the last quarter. AM Investment Strategies LLC bought a new position in Snap during the 3rd quarter worth $164,000. Catalyst Financial Partners LLC acquired a new position in Snap in the 3rd quarter valued at $169,000. Finally, Trajan Wealth LLC lifted its position in shares of Snap by 24.8% during the 3rd quarter. Trajan Wealth LLC now owns 19,059 shares of the company's stock valued at $204,000 after acquiring an additional 3,792 shares during the period. Institutional investors own 47.52% of the company's stock.

Snap Trading Down 3.8 %

Shares of SNAP stock traded down $0.47 during trading hours on Friday, hitting $12.01. 39,240,040 shares of the company were exchanged, compared to its average volume of 33,527,964. The company has a 50 day simple moving average of $10.46 and a two-hundred day simple moving average of $12.76. The firm has a market cap of $20.14 billion, a P/E ratio of -20.71 and a beta of 0.99. The company has a debt-to-equity ratio of 1.63, a quick ratio of 4.04 and a current ratio of 4.04. Snap Inc. has a fifty-two week low of $8.29 and a fifty-two week high of $17.90.

Snap (NYSE:SNAP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. The business's revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.21) earnings per share. Equities analysts anticipate that Snap Inc. will post -0.41 EPS for the current year.

Insider Buying and Selling

In other Snap news, CTO Robert C. Murphy sold 1,000,000 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $12.50, for a total value of $12,500,000.00. Following the completion of the sale, the chief technology officer now owns 57,210,989 shares of the company's stock, valued at approximately $715,137,362.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Snap news, SVP Eric Young sold 114,097 shares of Snap stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $9.11, for a total transaction of $1,039,423.67. Following the completion of the transaction, the senior vice president now owns 3,041,723 shares in the company, valued at approximately $27,710,096.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Robert C. Murphy sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $12.50, for a total value of $12,500,000.00. Following the completion of the sale, the chief technology officer now directly owns 57,210,989 shares of the company's stock, valued at approximately $715,137,362.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,365,051 shares of company stock valued at $15,965,178. 22.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SNAP has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on Snap from $13.00 to $11.00 and set an "underweight" rating for the company in a research note on Friday, August 2nd. Barclays cut their target price on Snap from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. Roth Mkm reiterated a "neutral" rating and issued a $14.00 price target on shares of Snap in a research note on Wednesday, September 18th. Royal Bank of Canada reissued a "sector perform" rating and set a $16.00 price target on shares of Snap in a report on Wednesday, October 30th. Finally, Citigroup reduced their price objective on Snap from $16.00 to $11.00 and set a "neutral" rating on the stock in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Snap currently has a consensus rating of "Hold" and a consensus target price of $14.31.

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.