17,300 Shares in Snap Inc. (NYSE:SNAP) Acquired by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC bought a new stake in Snap Inc. (NYSE:SNAP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,300 shares of the company’s stock, valued at approximately $186,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. TB Alternative Assets Ltd. lifted its stake in Snap by 105.6% during the 3rd quarter. TB Alternative Assets Ltd. now owns 7,981,847 shares of the company’s stock worth $85,406,000 after acquiring an additional 4,098,847 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Snap by 62.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,211,360 shares of the company’s stock valued at $66,462,000 after purchasing an additional 2,386,519 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Snap by 49.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,910,459 shares of the company’s stock worth $41,842,000 after buying an additional 1,297,348 shares during the period. Groupama Asset Managment acquired a new stake in Snap during the 3rd quarter worth approximately $13,032,000. Finally, Assenagon Asset Management S.A. boosted its position in Snap by 51.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,086,741 shares of the company’s stock valued at $33,244,000 after buying an additional 1,050,501 shares during the period. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SNAP has been the subject of a number of recent research reports. Susquehanna lifted their target price on Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $16.00 price objective (down previously from $18.00) on shares of Snap in a research note on Wednesday, January 15th. Bank of America upped their target price on shares of Snap from $14.00 to $14.50 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Citigroup lifted their price target on shares of Snap from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company downgraded shares of Snap from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $15.00 to $11.00 in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Snap currently has an average rating of “Hold” and a consensus price target of $36.87.

Snap Trading Up 1.7 %

NYSE SNAP opened at $10.90 on Wednesday. The firm’s fifty day moving average is $11.40 and its two-hundred day moving average is $10.78. Snap Inc. has a one year low of $8.29 and a one year high of $17.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.04 and a current ratio of 3.95. The firm has a market cap of $18.27 billion, a PE ratio of -25.94 and a beta of 0.99.

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 the consensus estimate of $0.14 by ($0.13). Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. Analysts expect that Snap Inc. will post -0.26 earnings per share for the current year.

Insider Activity

In related news, CAO Rebecca Morrow sold 32,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $12.42, for a total transaction of $397,440.00. Following the completion of the transaction, the chief accounting officer now directly owns 433,064 shares of the company’s stock, valued at $5,378,654.88. This represents a 6.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Michael J. O’sullivan sold 12,315 shares of Snap stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.54, for a total value of $129,800.10. Following the completion of the sale, the general counsel now directly owns 1,195,567 shares in the company, valued at $12,601,276.18. This represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 443,518 shares of company stock valued at $4,947,981. Company insiders own 22.68% of the company’s stock.

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.