2 weeks Ago By ABMN Staff
Xponance Inc. increased its holdings in shares of Snap Inc. ( NYSE:SNAP – Free Report ) by 6.
2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,450 shares of the company’s stock after purchasing an additional 3,042 shares during the period. Xponance Inc.
’s holdings in Snap were worth $565,000 as of its most recent SEC filing. Several other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Snap by 5.
2% during the third quarter. Geode Capital Management LLC now owns 11,697,455 shares of the company’s stock valued at $124,742,000 after buying an additional 575,324 shares during the last quarter. Charles Schwab Investment Management Inc.
lifted its position in Snap by 6.3% during the fourth 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. boosted its stake in Snap by 0.
5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,245,128 shares of the company’s stock valued at $34,950,000 after acquiring an additional 15,294 shares in the last quarter.
Assenagon Asset Management S.A. boosted 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 acquiring an additional 1,050,501 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Snap by 49.
9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,639,681 shares of the company’s stock worth $28,245,000 after purchasing an additional 879,212 shares during the last quarter.
47.52% of the stock is owned by hedge funds and other institutional investors. Snap Price Performance NYSE:SNAP opened at $9.
63 on Wednesday. The stock has a 50 day moving average of $10.33 and a two-hundred day moving average of $10.
81. Snap Inc. has a 12 month low of $8.
29 and a 12 month high of $17.33. The firm has a market cap of $16.
34 billion, a P/E ratio of -22.93 and a beta of 0.92.
The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.
47. Insider Buying and Selling at Snap In related news, CFO Derek Andersen sold 61,334 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $10.
84, for a total transaction of $664,860.56. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, General Counsel Michael J. O’sullivan sold 18,000 shares of the company’s stock in a transaction dated Tuesday, December 31st.
The shares were sold at an average price of $10.84, for a total transaction of $195,120.00.
Following the completion of the transaction, the general counsel now directly owns 498,498 shares in the company, valued at $5,403,718.32. The trade was a 3.
49 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 1,350,523 shares of company stock worth $12,698,797 in the last three months.
22.68% of the stock is owned by corporate insiders. Analyst Ratings Changes Several brokerages have recently commented on SNAP.
Barclays reiterated an “overweight” rating on shares of Snap in a report on Wednesday, February 5th. BMO Capital Markets reissued an “outperform” rating and issued a $16.00 price target (down previously from $18.
00) on shares of Snap in a report on Wednesday, January 15th. Citigroup increased their price objective on shares of Snap from $13.00 to $13.
50 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Citizens Jmp downgraded shares of Snap from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Bank of America raised their price target on shares of Snap from $14.
00 to $14.50 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have given a buy rating to the stock.
According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.87.
View Our Latest Analysis on Snap 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. Featured Articles 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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