Exane Derivatives increased its position in shares of Snap Inc. (NYSE:SNAP) by 411.8% during the second quarter, Holdings Channel reports. The fund owned 64,137 shares of the company’s stock after buying an additional 51,605 shares during the period. Exane Derivatives’ holdings in Snap were worth $1,139,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in Snap during the first quarter worth $252,388,000. US Bancorp DE acquired a new stake in Snap during the first quarter valued at approximately $101,000. Global X Management Co. LLC acquired a new stake in Snap during the first quarter valued at approximately $3,650,000. KPCB DGF Associates LLC acquired a new stake in Snap during the first quarter valued at approximately $40,911,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Snap during the first quarter valued at approximately $369,000. Institutional investors own 29.55% of the company’s stock.
Shares of Snap Inc. (NYSE SNAP) traded down 0.92% during mid-day trading on Monday, reaching $15.13. 13,246,670 shares of the company’s stock were exchanged. Snap Inc. has a one year low of $15.12 and a one year high of $29.44. The firm’s market capitalization is $10.32 billion. The stock has a 50-day moving average of $19.18 and a 200 day moving average of $20.72.
Snap (NYSE:SNAP) last posted its earnings results on Wednesday, May 10th. The company reported ($2.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.05) by $0.26. The business had revenue of $149.60 million during the quarter, compared to the consensus estimate of $158.32 million. The firm’s revenue was up 285.6% on a year-over-year basis. On average, analysts forecast that Snap Inc. will post ($0.56) EPS for the current fiscal year.
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Several equities research analysts recently commented on SNAP shares. Goldman Sachs Group, Inc. (The) started coverage on shares of Snap in a research report on Monday, March 27th. They set a “buy” rating and a $27.00 target price on the stock. Monness Crespi & Hardt started coverage on shares of Snap in a research report on Monday, March 20th. They set a “buy” rating and a $25.00 target price on the stock. Vetr upgraded shares of Snap from a “hold” rating to a “buy” rating and set a $20.33 target price on the stock in a research report on Monday, March 20th. Drexel Hamilton started coverage on shares of Snap in a research report on Tuesday, March 21st. They set a “buy” rating and a $30.00 target price on the stock. Finally, Citigroup Inc. started coverage on shares of Snap in a research report on Monday, March 27th. They set a “buy” rating and a $27.00 target price on the stock. Nine analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.24.
Snap Company Profile
Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.
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