Profund Advisors LLC increased its position in shares of Snap Inc (NYSE:SNAP) by 9.7% in the 4th quarter, Holdings Channel reports. The firm owned 154,817 shares of the company’s stock after purchasing an additional 13,673 shares during the quarter. Profund Advisors LLC’s holdings in Snap were worth $2,262,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its holdings in Snap by 967.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,005 shares of the company’s stock worth $116,000 after purchasing an additional 7,255 shares during the last quarter. Aperio Group LLC acquired a new stake in Snap during the 4th quarter worth approximately $149,000. First Allied Advisory Services Inc. acquired a new stake in Snap during the 4th quarter worth approximately $152,000. Stratos Wealth Partners LTD. acquired a new stake in Snap during the 3rd quarter worth approximately $206,000. Finally, Alps Advisors Inc. acquired a new stake in Snap during the 4th quarter worth approximately $207,000. 18.63% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on SNAP. Vetr cut Snap from a “strong-buy” rating to a “buy” rating and set a $20.88 price target for the company. in a report on Wednesday, February 21st. Citigroup cut Snap from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $18.00 to $13.00 in a report on Tuesday, February 20th. ValuEngine raised Snap from a “sell” rating to a “hold” rating in a report on Saturday, February 17th. Susquehanna Bancshares cut Snap from a “neutral” rating to a “sell” rating in a report on Thursday, February 8th. Finally, Goldman Sachs Group reissued a “buy” rating and set a $23.00 price target (up from $18.00) on shares of Snap in a report on Thursday, February 8th. Fifteen analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.99.
Snap Inc (NYSE SNAP) opened at $17.88 on Friday. Snap Inc has a 52 week low of $11.28 and a 52 week high of $24.40. The stock has a market capitalization of $21,657.13 and a price-to-earnings ratio of -5.40.
Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. The business had revenue of $285.69 million for the quarter, compared to analyst estimates of $251.74 million. Snap had a negative return on equity of 100.64% and a negative net margin of 417.61%. equities analysts expect that Snap Inc will post -1.17 earnings per share for the current year.
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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