Dimensional Fund Advisors LP Has $39.93 Million Stock Holdings in Snap Inc. (NYSE:SNAP)

Dimensional Fund Advisors LP decreased its stake in Snap Inc. (NYSE:SNAP - Free Report) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,706,943 shares of the company's stock after selling 281,499 shares during the period. Dimensional Fund Advisors LP owned approximately 0.22% of Snap worth $39,934,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SNAP. Forum Financial Management LP lifted its stake in shares of Snap by 40.0% during the fourth quarter. Forum Financial Management LP now owns 24,571 shares of the company's stock valued at $265,000 after buying an additional 7,015 shares during the period. Capital International Investors purchased a new position in shares of Snap during the 4th quarter worth $422,049,000. Canada Pension Plan Investment Board acquired a new stake in shares of Snap during the fourth quarter worth $17,323,000. Osterweis Capital Management Inc. acquired a new position in Snap in the fourth quarter valued at $43,000. Finally, Portolan Capital Management LLC purchased a new position in Snap during the fourth quarter worth about $25,447,000. 47.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Rebecca Morrow sold 8,837 shares of Snap stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total value of $95,793.08. Following the completion of the transaction, the chief accounting officer now owns 429,892 shares in the company, valued at approximately $4,660,029.28. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Derek Andersen sold 61,334 shares of the firm's stock in a transaction on 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 directly owns 3,564,235 shares of the company's stock, valued at $38,636,307.40. This represents a 1.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,362,523 shares of company stock worth $20,719,017. Corporate insiders own 22.68% of the company's stock.

Snap Stock Performance

NYSE:SNAP traded up $0.09 during mid-day trading on Thursday, hitting $8.22. 46,061,822 shares of the company's stock traded hands, compared to its average volume of 28,555,934. Snap Inc. has a 12 month low of $7.08 and a 12 month high of $17.33. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of -19.56 and a beta of 0.61. The firm has a 50 day moving average of $8.55 and a two-hundred day moving average of $10.33. 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 (NYSE:SNAP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.12). The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. The company's revenue was up 14.1% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS. On average, equities analysts forecast that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

SNAP has been the subject of several research reports. Piper Sandler lowered their price objective 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. Morgan Stanley lowered their target price on Snap from $8.00 to $6.50 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Citizens Jmp raised shares of Snap from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Barclays reaffirmed an "overweight" rating on shares of Snap in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $12.00 price objective on shares of Snap in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, twenty-three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $35.50.

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.