3 days Ago By ABMN Staff
State of New Jersey Common Pension Fund D cut its holdings in Snap Inc. ( NYSE:SNAP – Free Report ) by 37.0% during the 2nd quarter, Holdings Channel reports.
The fund owned 394,783 shares of the company’s stock after selling 231,647 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Snap were worth $6,557,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors have also added to or reduced their stakes in the company.
SRS Investment Management LLC increased its stake in shares of Snap by 23.6% in the fourth quarter. SRS Investment Management LLC now owns 65,114,732 shares of the company’s stock worth $1,102,392,000 after purchasing an additional 12,452,415 shares in the last quarter.
Carmignac Gestion purchased a new stake in shares of Snap in the fourth quarter worth $110,103,000. Contrarius Investment Management Ltd purchased a new stake in shares of Snap in the fourth quarter worth $80,644,000. Vanguard Group Inc.
increased its stake in shares of Snap by 3.8% in the fourth quarter. Vanguard Group Inc.
now owns 95,317,701 shares of the company’s stock worth $1,613,729,000 after purchasing an additional 3,503,230 shares in the last quarter. Finally, TB Alternative Assets Ltd. increased its stake in shares of Snap by 144.
5% in the first quarter. TB Alternative Assets Ltd. now owns 5,094,800 shares of the company’s stock worth $58,488,000 after purchasing an additional 3,011,400 shares in the last quarter.
47.52% of the stock is currently owned by institutional investors. Insider Buying and Selling In other Snap news, General Counsel Michael J.
O’sullivan sold 18,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $9.30, for a total value of $167,400.
00. Following the completion of the sale, the general counsel now directly owns 456,662 shares of the company’s stock, valued at approximately $4,246,956.60.
The transaction was disclosed in a filing with the SEC, which is available through this link . In other Snap news, General Counsel Michael J. O’sullivan sold 18,000 shares of the business’s stock in a transaction dated Friday, August 30th.
The shares were sold at an average price of $9.30, for a total value of $167,400.00.
Following the completion of the sale, the general counsel now directly owns 456,662 shares of the company’s stock, valued at approximately $4,246,956.60. The transaction was disclosed in a filing with the SEC, which is available through this link .
Also, General Counsel Michael J. O’sullivan sold 12,512 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $9.
11, for a total transaction of $113,984.32. Following the completion of the sale, the general counsel now directly owns 1,328,085 shares of the company’s stock, valued at $12,098,854.
35. The disclosure for this sale can be found here . In the last ninety days, insiders sold 1,352,420 shares of company stock valued at $12,091,682.
Company insiders own 22.68% of the company’s stock. Analysts Set New Price Targets Check Out Our Latest Analysis on SNAP Snap Stock Up 2.
1 % SNAP stock opened at $9.52 on Monday. Snap Inc.
has a 12 month low of $8.28 and a 12 month high of $17.90.
The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.
74. The company has a 50-day moving average price of $11.25 and a 200 day moving average price of $12.
86. Snap ( NYSE:SNAP – Get Free Report ) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.
13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02.
Snap had a negative net margin of 23.49% and a negative return on equity of 42.84%.
The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.25 billion.
On average, equities analysts expect that Snap Inc. will post -0.48 EPS for the current fiscal year.
Snap 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. 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.
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