MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,216,809 shares of the company's stock after selling 29,791 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Snap worth $13,106,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new position in Snap during the fourth quarter worth approximately $27,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Snap during the 4th quarter worth approximately $32,000. Osterweis Capital Management Inc. acquired a new position in shares of Snap during the 4th quarter worth approximately $43,000. Blue Trust Inc. raised its stake in Snap by 128.0% in the 4th quarter. Blue Trust Inc. now owns 4,370 shares of the company's stock valued at $47,000 after acquiring an additional 2,453 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in Snap during the 4th quarter valued at $54,000. 47.52% of the stock is owned by institutional investors.
Snap Price Performance
Shares of SNAP traded down $0.06 during midday trading on Monday, hitting $8.69. The company's stock had a trading volume of 26,094,903 shares, compared to its average volume of 28,740,876. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.47. Snap Inc. has a one year low of $7.08 and a one year high of $17.33. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of -20.69 and a beta of 0.61. The company's fifty day simple moving average is $8.48 and its two-hundred day simple moving average is $10.24.
Snap (NYSE:SNAP - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.12). The company had revenue of $1.36 billion during 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 last year, the company posted $0.03 EPS. As a group, equities analysts expect that Snap Inc. will post -0.3 earnings per share for the current fiscal year.
Insider Buying and Selling at Snap
In other news, CAO Rebecca Morrow sold 8,837 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 directly owns 429,892 shares in the company, valued at approximately $4,660,029.28. This represents a 2.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Eric Young sold 102,152 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total value of $1,107,327.68. Following the sale, the senior vice president now owns 3,443,419 shares in the company, valued at $37,326,661.96. This represents a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,632,116 shares of company stock worth $23,127,182 over the last quarter. Corporate insiders own 22.68% of the company's stock.
Analyst Ratings Changes
SNAP has been the topic of several research analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $12.00 price objective on shares of Snap in a research report on Wednesday, April 30th. Wells Fargo & Company lowered their price target on shares of Snap from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Loop Capital decreased their target price on Snap from $16.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday. Cantor Fitzgerald set a $7.00 target price on Snap and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Finally, JMP Securities set a $12.00 price target on Snap in a research note on Friday, April 25th. One equities research 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 issued a strong buy rating to the company. Based on data from MarketBeat, Snap has an average rating of "Hold" and an average price target of $35.62.
Check Out Our Latest Research Report on SNAP
About Snap
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Free Report)
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.
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