Snap Inc. (NYSE:SNAP) Stock Position Reduced by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 371,000 shares of the company's stock after selling 30,800 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Snap were worth $3,231,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. NBC Securities Inc. raised its position in shares of Snap by 154,650.0% during the 1st quarter. NBC Securities Inc. now owns 3,095 shares of the company's stock worth $26,000 after purchasing an additional 3,093 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Snap during the 4th quarter worth approximately $27,000. Raiffeisen Bank International AG acquired a new stake in shares of Snap during the 4th quarter worth approximately $30,000. Osterweis Capital Management Inc. acquired a new stake in shares of Snap during the 4th quarter worth approximately $43,000. Finally, Blue Trust Inc. raised its position 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 purchasing an additional 2,453 shares during the period. Institutional investors own 47.52% of the company's stock.

Analysts Set New Price Targets

SNAP has been the topic of a number of research reports. Susquehanna dropped their price target on Snap from $13.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. The Goldman Sachs Group dropped their price target on Snap from $9.50 to $8.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Canaccord Genuity Group dropped their price target on Snap from $10.00 to $9.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Cantor Fitzgerald set a $7.00 price target on Snap and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Finally, JMP Securities set a $12.00 target price on Snap in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Snap currently has a consensus rating of "Hold" and an average price target of $35.62.

Snap Stock Performance

SNAP opened at $8.19 on Wednesday. The firm has a market cap of $13.69 billion, a PE ratio of -26.42 and a beta of 0.59. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.55. The business has a fifty day simple moving average of $8.32 and a 200-day simple moving average of $9.77. Snap Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $17.33.

Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.12). The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Snap had a negative return on equity of 21.53% and a negative net margin of 9.63%. The business's revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 earnings per share. As a group, equities analysts predict that Snap Inc. will post -0.3 EPS for the current fiscal year.

Insider Transactions at Snap

In other news, CAO Rebecca Morrow sold 9,202 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $8.59, for a total value of $79,045.18. Following the completion of the sale, the chief accounting officer now owns 448,881 shares of the company's stock, valued at $3,855,887.79. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Robert C. Murphy sold 1,000,000 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $8.03, for a total value of $8,030,000.00. Following the completion of the sale, the chief technology officer now directly owns 54,517,308 shares of the company's stock, valued at approximately $437,773,983.24. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,561,232 shares of company stock valued at $12,902,065 in the last three months.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.