Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Snap Inc. (NYSE:SNAP)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Snap Inc. (NYSE:SNAP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 476,762 shares of the company's stock, valued at approximately $5,135,000.

A number of other institutional investors have also recently bought and sold shares of SNAP. Mountain Hill Investment Partners Corp. bought a new stake in shares of Snap during the 4th quarter worth approximately $27,000. Raiffeisen Bank International AG bought a new stake in shares of Snap during the 4th quarter worth approximately $30,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Snap during the 4th quarter worth approximately $32,000. Osterweis Capital Management Inc. bought a new stake in shares of Snap during the 4th quarter worth approximately $43,000. Finally, Blue Trust Inc. lifted its holdings 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 period. Institutional investors own 47.52% of the company's stock.

Snap Stock Down 0.4%

NYSE SNAP traded down $0.03 on Friday, hitting $8.25. 27,186,866 shares of the company were exchanged, compared to its average volume of 29,050,288. The company has a market cap of $13.79 billion, a PE ratio of -19.64 and a beta of 0.61. Snap Inc. has a 12 month low of $7.08 and a 12 month high of $17.33. The stock has a fifty day moving average of $8.35 and a 200-day moving average of $10.00. 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 issued its earnings results on Tuesday, April 29th. The company reported ($0.08) earnings per share (EPS) 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 25.67% and a negative net margin of 13.02%. The firm's revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share. As a group, analysts forecast that Snap Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Snap

In other Snap news, SVP Eric Young sold 117,592 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $8.59, for a total value of $1,010,115.28. Following the transaction, the senior vice president now directly owns 3,348,290 shares of the company's stock, valued at approximately $28,761,811.10. This trade represents a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Robert C. Murphy sold 1,000,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $9.04, for a total transaction of $9,040,000.00. Following the transaction, the chief technology officer now directly owns 55,818,548 shares in the company, valued at $504,599,673.92. The trade was a 1.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,586,313 shares of company stock valued at $22,190,490. Corporate insiders own 22.68% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SNAP. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $12.00 price target on shares of Snap in a report on Wednesday, April 30th. Citigroup dropped their price objective on shares of Snap from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Bank of America dropped their price objective on shares of Snap from $14.50 to $10.50 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Rosenblatt Securities dropped their price objective on shares of Snap from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus dropped their price objective on shares of Snap from $11.00 to $8.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Snap presently has a consensus rating of "Hold" and a consensus price target of $35.62.

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.