Vontobel Holding Ltd. Sells 174,671 Shares of Snap Inc. (NYSE:SNAP)

Vontobel Holding Ltd. trimmed its stake in shares of Snap Inc. (NYSE:SNAP - Free Report) by 16.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 886,560 shares of the company's stock after selling 174,671 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.05% of Snap worth $15,009,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sowell Financial Services LLC raised its holdings in Snap by 3.3% in the 4th quarter. Sowell Financial Services LLC now owns 23,139 shares of the company's stock valued at $392,000 after buying an additional 729 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Snap by 7.4% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,440 shares of the company's stock worth $176,000 after purchasing an additional 930 shares during the last quarter. Impax Asset Management Group plc increased its holdings in Snap by 4.5% in the third quarter. Impax Asset Management Group plc now owns 23,434 shares of the company's stock valued at $209,000 after purchasing an additional 1,017 shares during the period. Principal Financial Group Inc. raised its position in Snap by 7.1% during the 3rd quarter. Principal Financial Group Inc. now owns 15,373 shares of the company's stock worth $137,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Ethic Inc. lifted its holdings in Snap by 13.5% during the 1st quarter. Ethic Inc. now owns 9,184 shares of the company's stock worth $331,000 after buying an additional 1,089 shares during the period. Institutional investors own 47.52% of the company's stock.

Insiders Place Their Bets

In related news, CEO Evan Spiegel sold 150,000 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $11.11, for a total transaction of $1,666,500.00. Following the completion of the transaction, the chief executive officer now owns 3,627,844 shares in the company, valued at $40,305,346.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Evan Spiegel sold 150,000 shares of the business's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $11.11, for a total transaction of $1,666,500.00. Following the transaction, the chief executive officer now owns 3,627,844 shares in the company, valued at $40,305,346.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Rebecca Morrow sold 9,386 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $11.14, for a total transaction of $104,560.04. Following the completion of the sale, the chief accounting officer now owns 495,526 shares of the company's stock, valued at $5,520,159.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 470,054 shares of company stock worth $5,279,729.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SNAP. The Goldman Sachs Group cut their price objective on Snap from $15.00 to $13.50 and set a "neutral" rating on the stock in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft raised Snap from a "hold" rating to a "buy" rating and raised their target price for the stock from $10.00 to $19.00 in a research note on Friday, January 26th. Roth Mkm raised their price objective on shares of Snap from $10.00 to $14.00 and gave the stock a "neutral" rating in a research report on Friday, January 26th. Piper Sandler increased their target price on shares of Snap from $12.00 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 17th. Finally, Stifel Nicolaus lowered their target price on Snap from $14.00 to $12.00 and set a "hold" rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $13.65.

Snap Trading Up 0.7 %

SNAP stock traded up $0.07 during midday trading on Tuesday, hitting $10.42. The company had a trading volume of 24,205,964 shares, compared to its average volume of 29,048,719. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 1.55. Snap Inc. has a 52 week low of $7.86 and a 52 week high of $17.90. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of -12.55 and a beta of 1.13. The stock's 50 day moving average price is $11.20 and its 200 day moving average price is $12.73.

Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.04. The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.39 billion. Snap had a negative net margin of 28.71% and a negative return on equity of 47.47%. As a group, equities research analysts expect that Snap Inc. will post -0.58 earnings per share for the current fiscal year.

Snap 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.