2,500 Shares in Snap Inc. (NYSE:SNAP) Purchased by Mountain Hill Investment Partners Corp.

Mountain Hill Investment Partners Corp. bought a new stake in Snap Inc. (NYSE:SNAP) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,500 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Checchi Capital Advisers LLC boosted its stake in Snap by 3.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 31,126 shares of the company’s stock valued at $335,000 after purchasing an additional 901 shares during the period. HCR Wealth Advisors raised its holdings in shares of Snap by 3.9% during the fourth quarter. HCR Wealth Advisors now owns 25,016 shares of the company’s stock valued at $269,000 after buying an additional 934 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Snap by 3.1% during the fourth quarter. Empowered Funds LLC now owns 35,639 shares of the company’s stock worth $384,000 after buying an additional 1,055 shares during the period. Gradient Investments LLC grew its holdings in Snap by 0.9% in the 4th quarter. Gradient Investments LLC now owns 142,144 shares of the company’s stock worth $1,531,000 after buying an additional 1,310 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in Snap by 1.9% in the 3rd quarter. Intech Investment Management LLC now owns 77,592 shares of the company’s stock valued at $830,000 after acquiring an additional 1,433 shares during the period. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SNAP shares. Needham & Company LLC restated a “buy” rating and set a $640.00 price objective on shares of Snap in a research note on Thursday, December 5th. Bank of America boosted their price target on shares of Snap from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Susquehanna raised their price objective on shares of Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. dropped their target price on Snap from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday, February 5th. Finally, Wells Fargo & Company lowered Snap from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $15.00 to $11.00 in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Snap has an average rating of “Hold” and a consensus target price of $36.87.

Snap Stock Performance

Shares of Snap stock opened at $9.33 on Monday. Snap Inc. has a 12 month low of $8.29 and a 12 month high of $17.33. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.47. The stock has a market cap of $15.83 billion, a PE ratio of -22.22 and a beta of 0.92. The business has a fifty day simple moving average of $10.38 and a 200-day simple moving average of $10.80.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 earnings per share (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, sell-side analysts anticipate that Snap Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Robert C. Murphy sold 1,000,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $9.04, for a total transaction of $9,040,000.00. Following the completion of the sale, the chief technology officer now directly owns 55,818,548 shares in the company, valued at approximately $504,599,673.92. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Michael J. O’sullivan sold 18,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $10.84, for a total value of $195,120.00. Following the completion of the transaction, the general counsel now owns 498,498 shares in the company, valued at $5,403,718.32. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,350,523 shares of company stock worth $12,698,797. 22.68% of the stock is owned by company insiders.

About Snap

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.