Snap Inc. $SNAP Shares Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. increased its stake in Snap Inc. (NYSE:SNAP) by 72.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 223,694 shares of the company’s stock after buying an additional 93,637 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Snap were worth $1,805,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Snap by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 101,251,557 shares of the company’s stock worth $817,100,000 after purchasing an additional 641,271 shares during the period. Capital World Investors lifted its holdings in Snap by 1.4% in the fourth quarter. Capital World Investors now owns 88,452,006 shares of the company’s stock worth $713,808,000 after purchasing an additional 1,179,543 shares during the period. Capital International Investors lifted its holdings in Snap by 0.3% in the third quarter. Capital International Investors now owns 37,780,205 shares of the company’s stock worth $291,285,000 after purchasing an additional 95,989 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Snap in the third quarter worth about $176,697,000. Finally, Geode Capital Management LLC lifted its holdings in Snap by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 13,525,119 shares of the company’s stock worth $108,711,000 after purchasing an additional 469,795 shares during the period. Institutional investors and hedge funds own 47.52% of the company’s stock.

Snap Stock Performance

NYSE:SNAP opened at $5.73 on Tuesday. Snap Inc. has a twelve month low of $3.81 and a twelve month high of $10.41. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 1.67. The company has a 50-day moving average of $5.63 and a 200-day moving average of $6.14. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of -23.86 and a beta of 1.03.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Snap had a negative net margin of 6.72% and a negative return on equity of 18.92%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company posted ($0.08) earnings per share. Snap’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts forecast that Snap Inc. will post -0.06 earnings per share for the current fiscal year.

Insider Activity at Snap

In other Snap news, CTO Robert C. Murphy sold 343,945 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $5.88, for a total transaction of $2,022,396.60. Following the completion of the sale, the chief technology officer directly owned 4,963,581 shares of the company’s stock, valued at approximately $29,185,856.28. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Zachary M. Briers sold 11,958 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $6.00, for a total transaction of $71,748.00. Following the sale, the general counsel directly owned 2,560,835 shares of the company’s stock, valued at $15,365,010. This represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,900,631 shares of company stock valued at $16,054,989.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SNAP shares. Tigress Financial began coverage on Snap in a research note on Monday, April 27th. They set a “buy” rating for the company. Sanford C. Bernstein lowered Snap from a “market perform” rating to a “market perform” rating in a report on Monday, April 27th. BMO Capital Markets raised their price objective on shares of Snap from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. BNP Paribas Exane lowered shares of Snap to a “neutral” rating in a research report on Monday, April 27th. Finally, HSBC lowered shares of Snap from a “hold” rating to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.91.

Snap Profile

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.