Snap Inc. (NYSE:SNAP) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of Snap Inc. (NYSE:SNAP - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,209,800 shares of the company's stock after selling 58,100 shares during the quarter. Swiss National Bank owned 0.19% of Snap worth $54,342,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sowell Financial Services LLC boosted its holdings in Snap by 3.3% during the 4th quarter. Sowell Financial Services LLC now owns 23,139 shares of the company's stock valued at $392,000 after acquiring an additional 729 shares during the period. Impax Asset Management Group plc boosted its holdings in Snap by 4.5% during the 3rd quarter. Impax Asset Management Group plc now owns 23,434 shares of the company's stock valued at $209,000 after acquiring an additional 1,017 shares during the period. Principal Financial Group Inc. boosted its holdings in Snap by 7.1% during the 3rd quarter. Principal Financial Group Inc. now owns 15,373 shares of the company's stock valued at $137,000 after acquiring an additional 1,025 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Snap by 12.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,490 shares of the company's stock valued at $102,000 after acquiring an additional 1,300 shares during the period. Finally, Allworth Financial LP boosted its holdings in Snap by 161.6% during the 4th quarter. Allworth Financial LP now owns 2,765 shares of the company's stock valued at $47,000 after acquiring an additional 1,708 shares during the period. Institutional investors own 47.52% of the company's stock.

Insider Activity at Snap

In other Snap news, CTO Robert C. Murphy sold 1,000,000 shares of Snap stock in a transaction on Monday, April 29th. The shares were sold at an average price of $14.27, for a total transaction of $14,270,000.00. Following the sale, the chief technology officer now owns 59,894,865 shares of the company's stock, valued at approximately $854,699,723.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Snap news, CTO Robert C. Murphy sold 1,000,000 shares of Snap stock in a transaction on Monday, April 29th. The shares were sold at an average price of $14.27, for a total transaction of $14,270,000.00. Following the sale, the chief technology officer now owns 59,894,865 shares of the company's stock, valued at approximately $854,699,723.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Michael J. O'sullivan sold 18,000 shares of Snap stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $15.10, for a total transaction of $271,800.00. Following the sale, the general counsel now directly owns 456,812 shares in the company, valued at approximately $6,897,861.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,625,482 shares of company stock valued at $21,768,311.

Snap Stock Performance

Shares of NYSE:SNAP traded up $0.29 during trading on Tuesday, hitting $17.13. 24,949,572 shares of the stock traded hands, compared to its average volume of 32,354,307. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 1.55. The company has a market cap of $28.11 billion, a price-to-earnings ratio of -21.15 and a beta of 1.02. The company has a fifty day moving average price of $11.98 and a two-hundred day moving average price of $13.21. Snap Inc. has a 52-week low of $8.15 and a 52-week high of $17.90.

Snap (NYSE:SNAP - Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.10. Snap had a negative net margin of 26.99% and a negative return on equity of 46.62%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.12 billion. As a group, equities analysts predict that Snap Inc. will post -0.46 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SNAP shares. Canaccord Genuity Group boosted their price objective on Snap from $14.00 to $15.00 and gave the company a "hold" rating in a report on Friday, April 26th. Raymond James reiterated an "outperform" rating and issued a $16.00 target price (up from $15.00) on shares of Snap in a report on Friday, April 26th. Wells Fargo & Company upped their target price on Snap from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, April 26th. HSBC upgraded Snap from a "reduce" rating to a "buy" rating in a report on Friday, April 26th. Finally, Barclays upped their target price on Snap from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $14.79.

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.