XTX Topco Ltd bought a new position in Snap Inc. (NYSE:SNAP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 129,387 shares of the company's stock, valued at approximately $1,393,000.
Other large investors have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. bought a new position in Snap during the 4th quarter worth $27,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Snap during the fourth quarter worth about $32,000. Blue Trust Inc. lifted its stake in shares of Snap by 128.0% in the fourth quarter. Blue Trust Inc. now owns 4,370 shares of the company's stock worth $47,000 after acquiring an additional 2,453 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new position in shares of Snap in the fourth quarter worth approximately $54,000. Finally, V Square Quantitative Management LLC increased its position in Snap by 213.3% during the 4th quarter. V Square Quantitative Management LLC now owns 8,378 shares of the company's stock valued at $91,000 after purchasing an additional 5,704 shares during the period. 47.52% of the stock is currently owned by institutional investors.
Insider Activity
In other Snap news, CFO Derek Andersen sold 33,618 shares of Snap stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $8.83, for a total transaction of $296,846.94. Following the completion of the transaction, the chief financial officer now owns 3,507,897 shares of the company's stock, valued at $30,974,730.51. The trade was a 0.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Michael J. O'sullivan sold 18,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $11.49, for a total transaction of $206,820.00. Following the completion of the transaction, the general counsel now owns 480,498 shares of the company's stock, valued at $5,520,922.02. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,356,523 shares of company stock valued at $12,710,077 in the last 90 days. Insiders own 22.68% of the company's stock.
Snap Stock Performance
NYSE:SNAP traded up $0.12 during trading on Friday, reaching $7.86. The company's stock had a trading volume of 32,068,115 shares, compared to its average volume of 28,140,860. Snap Inc. has a 12 month low of $7.08 and a 12 month high of $17.33. The firm has a 50 day moving average of $9.25 and a 200-day moving average of $10.59. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of -18.72 and a beta of 0.92.
Snap (NYSE:SNAP - Get Free Report) last issued its quarterly 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 return on equity of 25.67% and a negative net margin of 13.02%. Research analysts expect that Snap Inc. will post -0.3 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on SNAP. Barclays restated an "overweight" rating on shares of Snap in a research report on Wednesday, February 5th. BMO Capital Markets restated an "outperform" rating and issued a $16.00 target price (down previously from $18.00) on shares of Snap in a report on Wednesday, January 15th. Citizens Jmp raised Snap from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 target price on shares of Snap in a research note on Monday, January 27th. Finally, Bank of America lowered their target price on Snap from $14.50 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, twenty-four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $35.60.
Get Our Latest Stock Report on Snap
Snap Profile
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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.
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