Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 11,100 Shares of Snap Inc. (NYSE:SNAP)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Snap Inc. (NYSE:SNAP) by 4.5% in the 4th quarter, HoldingsChannel reports. The firm owned 258,442 shares of the company’s stock after purchasing an additional 11,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Snap were worth $2,783,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in Snap by 141.9% during the third quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock valued at $30,000 after purchasing an additional 1,632 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in Snap during the fourth quarter valued at approximately $32,000. Brooklyn Investment Group bought a new stake in Snap during the third quarter valued at approximately $41,000. Blue Trust Inc. lifted its position in Snap by 128.0% during the fourth quarter. Blue Trust Inc. now owns 4,370 shares of the company’s stock valued at $47,000 after purchasing an additional 2,453 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in Snap during the third quarter valued at approximately $81,000. 47.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Rebecca Morrow sold 2,812 shares of Snap stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.44, for a total transaction of $32,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 430,252 shares in the company, valued at approximately $4,922,082.88. This trade represents a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Michael J. O’sullivan sold 18,000 shares of Snap stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $10.84, for a total transaction of $195,120.00. Following the transaction, the general counsel now owns 498,498 shares of the company’s stock, valued at $5,403,718.32. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 499,471 shares of company stock worth $5,608,926 over the last three months. Company insiders own 22.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group lifted their target price on shares of Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. B. Riley increased their target price on shares of Snap from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Susquehanna lifted their target price on shares of Snap from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Wells Fargo & Company lowered shares of Snap from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $15.00 to $11.00 in a research report on Wednesday, February 5th. Finally, Guggenheim downgraded Snap from a “buy” rating to a “neutral” rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.87.

Snap Stock Performance

Shares of SNAP opened at $10.15 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.95 and a quick ratio of 3.95. Snap Inc. has a one year low of $8.29 and a one year high of $17.33. The company has a 50-day simple moving average of $11.14 and a two-hundred day simple moving average of $10.79. The firm has a market capitalization of $17.21 billion, a PE ratio of -24.15 and a beta of 0.99.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. On average, analysts anticipate that Snap Inc. will post -0.3 EPS for the current fiscal year.

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.