B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Snap Inc. (NYSE:SNAP)


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B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Snap Inc. (NYSE:SNAP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,876 shares of the company’s stock, valued at approximately $2,067,000.

Other institutional investors have also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. bought a new stake in Snap during the fourth quarter worth about $25,000. Capital Asset Advisory Services LLC bought a new stake in Snap during the fourth quarter worth about $25,000. Joseph P. Lucia & Associates LLC bought a new stake in Snap during the fourth quarter worth about $31,000. Arlington Partners LLC grew its stake in shares of Snap by 43.8% during the fourth quarter. Arlington Partners LLC now owns 719 shares of the company’s stock valued at $36,000 after purchasing an additional 219 shares during the last quarter. Finally, Oder Investment Management LLC bought a new stake in shares of Snap during the fourth quarter valued at approximately $41,000. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CAO Rebecca Morrow sold 7,511 shares of Snap stock in a transaction dated Tuesday, January 19th. The shares were sold at an average price of $50.46, for a total value of $379,005.06. Following the completion of the transaction, the chief accounting officer now owns 250,884 shares of the company’s stock, valued at approximately $12,659,606.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Michael J. O’sullivan sold 6,000 shares of Snap stock in a transaction dated Wednesday, March 31st. The shares were sold at an average price of $52.11, for a total transaction of $312,660.00. Following the completion of the transaction, the general counsel now directly owns 1,110,915 shares of the company’s stock, valued at approximately $57,889,780.65. The disclosure for this sale can be found here. In the last three months, insiders sold 262,663 shares of company stock valued at $14,993,745.

Several analysts have recently commented on the stock. Wedbush increased their price target on shares of Snap from $34.50 to $52.00 and gave the company a “neutral” rating in a research note on Friday, February 5th. They noted that the move was a valuation call. Evercore ISI assumed coverage on shares of Snap in a research note on Tuesday. They set an “outperform” rating and a $68.00 price target on the stock. KeyCorp increased their price target on shares of Snap from $63.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, March 2nd. Citigroup increased their price target on shares of Snap from $29.00 to $40.00 in a research note on Friday, February 12th. Finally, Huber Research upgraded shares of Snap from an “underweight” rating to an “overweight” rating in a report on Friday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $66.29.

Snap stock opened at $60.23 on Thursday. The company has a market cap of $90.85 billion, a P/E ratio of -80.31 and a beta of 1.29. Snap Inc. has a 1-year low of $12.44 and a 1-year high of $73.59. The company has a fifty day simple moving average of $59.11 and a 200 day simple moving average of $48.31. The company has a current ratio of 5.43, a quick ratio of 5.43 and a debt-to-equity ratio of 0.75.

Snap (NYSE:SNAP) last released its earnings results on Thursday, February 4th. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). The business had revenue of $911.32 million during the quarter, compared to the consensus estimate of $847.44 million. Snap had a negative net margin of 49.74% and a negative return on equity of 48.53%. On average, equities research analysts forecast that Snap Inc. will post -0.64 EPS for the current year.

Snap Profile

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application with functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures video from a human perspective; and advertising products, including AR and Snap ads.

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Institutional Ownership by Quarter for Snap (NYSE:SNAP)

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