Snap Inc. (NYSE:SNAP) Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 140.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,948 shares of the company's stock after buying an additional 62,977 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Snap were worth $1,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. bought a new position in Snap during the 4th quarter valued at about $27,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Snap during the fourth quarter valued at approximately $32,000. Osterweis Capital Management Inc. purchased a new stake in shares of Snap in the fourth quarter worth approximately $43,000. Blue Trust Inc. lifted its stake in shares of 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 acquiring an additional 2,453 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in Snap during the 4th quarter valued at $54,000. Institutional investors own 47.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SNAP shares. Guggenheim restated a "neutral" rating on shares of Snap in a report on Wednesday, April 2nd. Piper Sandler decreased their price target on shares of Snap from $13.00 to $10.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group lowered their price target on Snap from $13.50 to $9.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Stifel Nicolaus reduced their price objective on Snap from $11.00 to $8.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Finally, Susquehanna upped their target price on Snap from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twenty-two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $38.09.

Insider Buying and Selling

In other Snap news, General Counsel Michael J. O'sullivan sold 24,000 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $8.60, for a total value of $206,400.00. Following the sale, the general counsel now directly owns 507,660 shares of the company's stock, valued at approximately $4,365,876. This represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Derek Andersen sold 33,618 shares of Snap stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $8.83, for a total value of $296,846.94. Following 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 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 quarter. 22.68% of the stock is currently owned by company insiders.

Snap Stock Performance

Shares of NYSE SNAP traded up $0.24 during midday trading on Monday, reaching $8.78. The company had a trading volume of 15,206,688 shares, compared to its average volume of 27,322,150. The stock has a market cap of $14.89 billion, a P/E ratio of -20.87 and a beta of 0.92. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47. Snap Inc. has a 1 year low of $7.08 and a 1 year high of $17.33. The business's 50-day simple moving average is $8.90 and its 200 day simple moving average is $10.48.

Snap (NYSE:SNAP - Get Free Report) last issued its quarterly earnings results 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%. On average, analysts forecast that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

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.