ASR Vermogensbeheer N.V. Buys Shares of 128,539 Snap Inc. (NYSE:SNAP)

Key Points

• ASR Vermogensbeheer N.V. acquired 128,539 shares of Snap Inc. for approximately $1.1 million in the first quarter, marking a new investment in the company.
• Recent analyst reports indicate mixed opinions on SNAP, with price targets between $8.00 and $12.00, and an overall average rating of "Hold."
• Snap reported earnings with a revenue of $1.34 billion, matching consensus estimates, but continued to experience negative margins with a year-over-year revenue increase of 8.7%.

ASR Vermogensbeheer N.V. bought a new position in Snap Inc. (NYSE:SNAP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 128,539 shares of the company's stock, valued at approximately $1,119,000.

Other large investors have also bought and sold shares of the company. Captrust Financial Advisors increased its holdings in Snap by 8.0% during the fourth quarter. Captrust Financial Advisors now owns 13,918 shares of the company's stock valued at $150,000 after buying an additional 1,030 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Snap by 1.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 61,365 shares of the company's stock valued at $661,000 after buying an additional 1,033 shares during the last quarter. Trajan Wealth LLC increased its holdings in Snap by 5.9% during the fourth quarter. Trajan Wealth LLC now owns 20,191 shares of the company's stock valued at $217,000 after buying an additional 1,132 shares during the last quarter. AssuredPartners Investment Advisors LLC increased its holdings in Snap by 6.3% during the first quarter. AssuredPartners Investment Advisors LLC now owns 22,128 shares of the company's stock valued at $193,000 after buying an additional 1,306 shares during the last quarter. Finally, DMC Group LLC increased its holdings in Snap by 7.2% during the first quarter. DMC Group LLC now owns 19,547 shares of the company's stock valued at $170,000 after buying an additional 1,313 shares during the last quarter. 47.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Snap

In other news, insider Ajit Mohan sold 28,201 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $9.40, for a total value of $265,089.40. Following the completion of the sale, the insider owned 5,676,293 shares in the company, valued at approximately $53,357,154.20. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Michael J. O'sullivan sold 24,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $9.57, for a total transaction of $229,680.00. Following the completion of the sale, the general counsel owned 486,984 shares of the company's stock, valued at $4,660,436.88. This trade represents a 4.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,667,802 shares of company stock worth $13,613,801.

Analysts Set New Price Targets

SNAP has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Snap from $11.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. BMO Capital Markets dropped their price target on shares of Snap from $13.00 to $12.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Susquehanna dropped their price target on shares of Snap from $13.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. The Goldman Sachs Group dropped their price objective on Snap from $9.50 to $8.50 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Finally, UBS Group cut their target price on Snap from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Snap has a consensus rating of "Hold" and an average target price of $34.16.

Snap Trading Up 1.0%

Shares of NYSE:SNAP traded up $0.07 during trading on Tuesday, hitting $7.26. The company had a trading volume of 36,491,278 shares, compared to its average volume of 36,443,434. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of -22.69 and a beta of 0.62. Snap Inc. has a one year low of $7.08 and a one year high of $13.28. The company has a fifty day simple moving average of $8.87 and a two-hundred day simple moving average of $9.07. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88.

Snap (NYSE:SNAP - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.16). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%. The company's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the company earned ($0.15) EPS. As a group, equities analysts forecast that Snap Inc. will post -0.3 earnings per share for the current year.

About Snap

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.