5,000 Shares in Snap Inc. (NYSE:SNAP) Bought by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new position in Snap Inc. (NYSE:SNAP) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,000 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds have also added to or reduced their stakes in the company. Versor Investments LP lifted its position in shares of Snap by 252.0% during the 4th quarter. Versor Investments LP now owns 123,200 shares of the company’s stock valued at $1,327,000 after buying an additional 88,200 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in Snap by 3.0% during the fourth 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 in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Snap in the fourth quarter valued at $7,614,000. Bank of New York Mellon Corp raised its stake in shares of Snap by 2.0% in 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 acquiring an additional 29,526 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Snap by 4.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 258,442 shares of the company’s stock worth $2,783,000 after buying an additional 11,100 shares during the period. 47.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Citigroup increased their target price on shares of Snap from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. 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 research report on Wednesday, February 5th. Susquehanna raised their price target on shares of Snap from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Loop Capital lifted their target price on shares of Snap from $14.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, JMP Securities reissued a “market outperform” rating and issued a $16.00 price target on shares of Snap in a research note on Monday, January 27th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.87.

Insider Buying and Selling

In related news, CFO Derek Andersen sold 94,164 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $11.44, for a total value of $1,077,236.16. Following the completion of the transaction, the chief financial officer now directly owns 2,193,806 shares of the company’s stock, valued at $25,097,140.64. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Eric Young sold 102,152 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total value of $1,107,327.68. Following the completion of the transaction, the senior vice president now directly owns 3,443,419 shares of the company’s stock, valued at $37,326,661.96. This trade represents a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 481,471 shares of company stock worth $5,394,906. Company insiders own 22.68% of the company’s stock.

Snap Stock Down 1.7 %

Shares of NYSE:SNAP opened at $9.99 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.95 and a quick ratio of 3.95. The firm has a market capitalization of $16.94 billion, a PE ratio of -23.77 and a beta of 0.99. The firm’s 50-day moving average is $11.14 and its two-hundred day moving average is $10.79. Snap Inc. has a 1 year low of $8.29 and a 1 year high of $17.33.

Snap (NYSE:SNAP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. Analysts predict that Snap Inc. will post -0.3 EPS for the current year.

Snap Profile

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.