2 weeks Ago By ABMN Staff
Clearline Capital LP trimmed its position in Snap Inc. ( NYSE:SNAP – Free Report ) by 89.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 22,613 shares of the company’s stock after selling 183,589 shares during the quarter. Clearline Capital LP’s holdings in Snap were worth $376,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors and hedge funds have also made changes to their positions in the company.
Vanguard Group Inc. boosted its holdings in Snap by 0.9% in the first quarter.
Vanguard Group Inc. now owns 96,148,590 shares of the company’s stock worth $1,103,786,000 after purchasing an additional 830,889 shares during the period. SRS Investment Management LLC boosted its holdings in shares of Snap by 23.
6% in the 4th quarter. SRS Investment Management LLC now owns 65,114,732 shares of the company’s stock valued at $1,102,392,000 after buying an additional 12,452,415 shares during the period. Capital World Investors boosted its holdings in shares of Snap by 0.
8% in the 1st quarter. Capital World Investors now owns 46,272,273 shares of the company’s stock valued at $531,206,000 after buying an additional 385,191 shares during the period. Marshall Wace LLP grew its position in shares of Snap by 587.
3% during the 2nd quarter. Marshall Wace LLP now owns 14,667,597 shares of the company’s stock valued at $243,629,000 after buying an additional 12,533,653 shares during the last quarter. Finally, Ossiam raised its stake in Snap by 7.
1% during the first quarter. Ossiam now owns 11,334,804 shares of the company’s stock worth $130,124,000 after acquiring an additional 751,846 shares during the period. 47.
52% of the stock is owned by institutional investors and hedge funds. Insider Buying and Selling In other news, CTO Robert C. Murphy sold 1,000,000 shares of the company’s stock in a transaction on Tuesday, August 6th.
The stock was sold at an average price of $8.69, for a total transaction of $8,690,000.00.
Following the completion of the sale, the chief technology officer now directly owns 58,553,813 shares of the company’s stock, valued at $508,832,634.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website .
In other Snap news, CAO Rebecca Morrow sold 8,923 shares of Snap stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $9.10, for a total transaction of $81,199.
30. Following the transaction, the chief accounting officer now directly owns 472,405 shares in the company, valued at approximately $4,298,885.50.
The transaction was disclosed in a filing with the SEC, which is available at the SEC website . Also, CTO Robert C. Murphy sold 1,000,000 shares of the business’s stock in a transaction on Tuesday, August 6th.
The shares were sold at an average price of $8.69, for a total transaction of $8,690,000.00.
Following the sale, the chief technology officer now directly owns 58,553,813 shares in the company, valued at $508,832,634.97. The disclosure for this sale can be found here .
Insiders have sold 1,493,540 shares of company stock worth $13,271,826 in the last three months. 22.68% of the stock is currently owned by insiders.
Snap Stock Performance Snap ( NYSE:SNAP – Get Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.
15) by $0.02. The firm had revenue of $1.
24 billion for the quarter, compared to analyst estimates of $1.25 billion. Snap had a negative net margin of 23.
49% and a negative return on equity of 42.84%. Equities research analysts anticipate that Snap Inc.
will post -0.47 EPS for the current fiscal year. Analysts Set New Price Targets A number of equities analysts have commented on the company.
Susquehanna decreased their target price on Snap from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd.
Cantor Fitzgerald restated a “neutral” rating and set a $8.00 price objective on shares of Snap in a research report on Monday, September 23rd. Hsbc Global Res lowered Snap from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd.
Citigroup reduced their price target on shares of Snap from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, August 12th.
Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 price target on shares of Snap in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, twenty-four have issued a hold rating and seven have issued a buy rating to the stock.
According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.00. Check Out Our Latest Stock Analysis on SNAP About Snap ( 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. See Also Want to see what other hedge funds are holding SNAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap Inc.
( NYSE:SNAP – Free Report ). Receive News & Ratings for Snap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap and related companies with MarketBeat.com's FREE daily email newsletter .
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