6 days Ago By Defense World Staff
Sei Investments Co. purchased a new stake in shares of Snap Inc. (NYSE:SNAP – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC.
The fund purchased 14,650 shares of the company’s stock, valued at approximately $158,000. Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Snap by 5.
2% during the third quarter. Geode Capital Management LLC now owns 11,697,455 shares of the company’s stock worth $124,742,000 after buying an additional 575,324 shares in the last quarter. Charles Schwab Investment Management Inc.
boosted its position in shares of Snap by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 6,601,172 shares of the company’s stock valued at $71,095,000 after acquiring an additional 389,812 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Snap by 0.
5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,245,128 shares of the company’s stock worth $34,950,000 after purchasing an additional 15,294 shares in the last quarter.
Assenagon Asset Management S.A. raised its stake in Snap by 51.
6% in the fourth quarter. Assenagon Asset Management S.A.
now owns 3,086,741 shares of the company’s stock valued at $33,244,000 after purchasing an additional 1,050,501 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Snap by 2.0% during the fourth quarter.
Bank of New York Mellon Corp now owns 1,538,111 shares of the company’s stock valued at $16,565,000 after purchasing an additional 29,526 shares during the last quarter. Institutional investors own 47.52% of the company’s stock.
Insider Buying and SellingIn other Snap news, General Counsel Michael J. O’sullivan sold 24,000 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $8.
60, for a total transaction of $206,400.00. Following the sale, the general counsel now directly owns 507,660 shares of the company’s stock, valued at $4,365,876.
This trade represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Also, CFO Derek Andersen sold 61,334 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total value of $664,860.
56. Following the completion of the transaction, the chief financial officer now directly owns 3,564,235 shares of the company’s stock, valued at approximately $38,636,307.40.
This trade represents a 1.69 % decrease in their position. The disclosure for this sale can be found here.
In the last ninety days, insiders sold 1,356,523 shares of company stock valued at $12,710,077. 22.68% of the stock is owned by corporate insiders.
Snap Stock Up 2.0 %Shares of SNAP stock opened at $7.99 on Friday.
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 Inc. has a 12 month low of $7.
08 and a 12 month high of $17.33. The stock has a market cap of $13.
55 billion, a P/E ratio of -19.01 and a beta of 0.92.
The company has a 50 day simple moving average of $9.55 and a two-hundred day simple moving average of $10.68.
Snap (NYSE:SNAP – Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.
14 by ($0.13). Snap had a negative return on equity of 25.
67% and a negative net margin of 13.02%. On average, research analysts expect that Snap Inc.
will post -0.3 earnings per share for the current year. Wall Street Analysts Forecast GrowthA number of equities analysts have recently commented on SNAP shares.
JPMorgan Chase & Co. decreased their price target on shares of Snap from $10.00 to $8.
00 and set an “underweight” rating on the stock in a report on Tuesday. Susquehanna lifted their price target on Snap from $12.00 to $13.
00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Piper Sandler cut their price objective on Snap from $13.00 to $10.
00 and set a “neutral” rating for the company in a report on Thursday. Wells Fargo & Company decreased their price objective on Snap from $11.00 to $9.
00 and set an “equal weight” rating on the stock in a report on Monday, March 31st. Finally, UBS Group cut their target price on Snap from $14.00 to $9.
00 and set a “neutral” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, twenty-four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.
32.Read Our Latest Research Report on SnapSnap Profile (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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