Metis Global Partners LLC Has $207,000 Position in Snap Inc. (NYSE:SNAP)

Metis Global Partners LLC boosted its stake in Snap Inc. (NYSE:SNAP) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,352 shares of the company’s stock after purchasing an additional 1,255 shares during the quarter. Metis Global Partners LLC’s holdings in Snap were worth $207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNAP. Vanguard Group Inc. grew its stake in shares of Snap by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 96,148,590 shares of the company’s stock valued at $1,103,786,000 after buying an additional 830,889 shares during the period. Capital World Investors boosted its holdings in Snap by 0.8% in the first quarter. Capital World Investors now owns 46,272,273 shares of the company’s stock worth $531,206,000 after acquiring an additional 385,191 shares in the last quarter. Marshall Wace LLP grew its stake in Snap by 587.3% in the second quarter. Marshall Wace LLP now owns 14,667,597 shares of the company’s stock valued at $243,629,000 after acquiring an additional 12,533,653 shares during the period. TB Alternative Assets Ltd. increased its holdings in shares of Snap by 105.6% during the third quarter. TB Alternative Assets Ltd. now owns 7,981,847 shares of the company’s stock valued at $85,406,000 after acquiring an additional 4,098,847 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Snap by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,018,678 shares of the company’s stock worth $50,145,000 after purchasing an additional 490,906 shares during the period. 47.52% of the stock is owned by institutional investors.

Insider Activity

In other Snap news, Director Joanna Coles sold 6,434 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $12.00, for a total value of $77,208.00. Following the completion of the transaction, the director now directly owns 54,761 shares of the company’s stock, valued at $657,132. This trade represents a 10.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Michael J. O’sullivan sold 18,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $9.30, for a total transaction of $167,400.00. Following the completion of the transaction, the general counsel now directly owns 456,662 shares in the company, valued at approximately $4,246,956.60. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,221,220 shares of company stock worth $14,659,201.

Snap Price Performance

Shares of NYSE:SNAP opened at $10.50 on Wednesday. The firm has a market capitalization of $17.61 billion, a PE ratio of -18.10 and a beta of 0.99. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 1.63. The company has a 50-day moving average price of $10.76 and a two-hundred day moving average price of $12.57. Snap Inc. has a twelve month low of $8.29 and a twelve month high of $17.90.

Snap (NYSE:SNAP) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm earned ($0.21) EPS. Snap’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities analysts forecast that Snap Inc. will post -0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SNAP shares. Susquehanna decreased their price target on shares of Snap from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Roth Mkm reissued a “neutral” rating and set a $14.00 target price on shares of Snap in a research report on Wednesday, September 18th. Morgan Stanley raised shares of Snap from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $12.00 to $16.00 in a research report on Tuesday, July 23rd. Loop Capital boosted their price objective on Snap from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Cantor Fitzgerald raised their target price on Snap from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.31.

Snap Company 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.