Trexquant Investment LP Invests $8.40 Million in Snap Inc. (NYSE:SNAP)

Trexquant Investment LP acquired a new position in Snap Inc. (NYSE:SNAP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 496,122 shares of the company's stock, valued at approximately $8,399,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Snap by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 91,814,471 shares of the company's stock worth $818,067,000 after buying an additional 1,352,655 shares during the period. Jump Financial LLC increased its position in shares of Snap by 565.4% during the third quarter. Jump Financial LLC now owns 262,952 shares of the company's stock worth $2,343,000 after acquiring an additional 223,432 shares during the period. Allworth Financial LP raised its stake in shares of Snap by 161.6% during the fourth 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 in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Snap in the third quarter valued at approximately $423,000. Finally, Korea Investment CORP grew its stake in Snap by 191.7% in the third quarter. Korea Investment CORP now owns 415,635 shares of the company's stock worth $3,703,000 after purchasing an additional 273,156 shares in the last quarter. Hedge funds and other institutional investors own 47.52% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Snap from $12.00 to $13.00 and gave the company a "hold" rating in a report on Friday, April 26th. Evercore ISI upped their target price on Snap from $13.00 to $14.00 and gave the stock an "in-line" rating in a report on Friday, April 26th. BMO Capital Markets cut their price target on Snap from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, February 7th. Benchmark reissued a "hold" rating on shares of Snap in a research report on Friday, April 26th. Finally, UBS Group dropped their price objective on Snap from $14.00 to $13.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Snap presently has a consensus rating of "Hold" and an average target price of $14.79.

Snap Price Performance

Shares of Snap stock traded down $0.79 on Tuesday, reaching $15.64. The company's stock had a trading volume of 19,971,625 shares, compared to its average volume of 31,680,660. Snap Inc. has a 52-week low of $8.28 and a 52-week high of $17.90. The company has a market capitalization of $25.67 billion, a P/E ratio of -19.31 and a beta of 1.02. 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 stock has a 50-day moving average price of $12.90 and a 200-day moving average price of $13.66.

Snap (NYSE:SNAP - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.12 billion. Analysts expect that Snap Inc. will post -0.46 EPS for the current year.

Insider Buying and Selling at Snap

In related news, CAO Rebecca Morrow sold 2,442 shares of the company's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.00, for a total transaction of $26,862.00. Following the completion of the sale, the chief accounting officer now owns 493,084 shares of the company's stock, valued at approximately $5,423,924. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Snap news, SVP Eric Young sold 115,915 shares of the business's stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $15.91, for a total value of $1,844,207.65. Following the transaction, the senior vice president now directly owns 3,292,657 shares in the company, valued at approximately $52,386,172.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Rebecca Morrow sold 2,442 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.00, for a total value of $26,862.00. Following the completion of the transaction, the chief accounting officer now owns 493,084 shares of the company's stock, valued at $5,423,924. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,509,829 shares of company stock worth $21,263,829.

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.