Savant Capital LLC Acquires Shares of 289,049 Snap Inc. (NYSE:SNAP)

Savant Capital LLC acquired a new stake in Snap Inc. (NYSE:SNAP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 289,049 shares of the company's stock, valued at approximately $3,113,000.

A number of other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Snap by 5.2% during the third quarter. Geode Capital Management LLC now owns 11,697,455 shares of the company's stock valued at $124,742,000 after purchasing an additional 575,324 shares in the last quarter. TB Alternative Assets Ltd. lifted its position in shares of Snap by 105.6% during the third quarter. TB Alternative Assets Ltd. now owns 7,981,847 shares of the company's stock valued at $85,406,000 after purchasing an additional 4,098,847 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Snap by 62.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,211,360 shares of the company's stock valued at $66,462,000 after purchasing an additional 2,386,519 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Snap by 49.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,910,459 shares of the company's stock worth $41,842,000 after buying an additional 1,297,348 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Snap by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,245,128 shares of the company's stock worth $34,950,000 after buying an additional 15,294 shares during the last quarter. 47.52% of the stock is owned by institutional investors.

Insider Transactions at Snap

In other news, CAO Rebecca Morrow sold 2,812 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.44, for a total value of $32,169.28. Following the completion of the sale, the chief accounting officer now directly owns 430,252 shares in the company, valued at approximately $4,922,082.88. The trade was a 0.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Eric Young sold 112,020 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.55, for a total transaction 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. The trade was a 3.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 443,518 shares of company stock worth $4,947,981. 22.68% of the stock is currently owned by insiders.

Snap Price Performance

Snap stock traded down $0.42 during mid-day trading on Friday, hitting $10.84. 19,206,127 shares of the company traded hands, compared to its average volume of 35,096,188. Snap Inc. has a one year low of $8.29 and a one year high of $17.33. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of -25.80 and a beta of 0.99. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.04 and a current ratio of 3.95. The stock has a fifty day moving average price of $11.31 and a 200-day moving average price of $10.75.

Snap (NYSE:SNAP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share (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 predict that Snap Inc. will post -0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SNAP. Loop Capital raised their price objective on shares of Snap from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Citizens Jmp downgraded shares of Snap from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. 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. Royal Bank of Canada restated a "sector perform" rating and set a $16.00 price objective on shares of Snap in a report on Wednesday, October 30th. Finally, Wells Fargo & Company downgraded shares of Snap from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $15.00 to $11.00 in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $36.87.

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.