Landscape Capital Management L.L.C. Reduces Holdings in Snap Inc. (NYSE:SNAP)

Landscape Capital Management L.L.C. decreased its position in shares of Snap Inc. (NYSE:SNAP) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,495 shares of the company’s stock after selling 48,356 shares during the period. Landscape Capital Management L.L.C.’s holdings in Snap were worth $1,879,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SNAP. Geode Capital Management LLC boosted its stake in shares of Snap by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 11,831,472 shares of the company’s stock valued at $127,078,000 after buying an additional 134,017 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Snap by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,601,172 shares of the company’s stock worth $71,095,000 after acquiring an additional 389,812 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Snap by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,245,128 shares of the company’s stock worth $34,950,000 after purchasing an additional 15,294 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Snap by 51.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,086,741 shares of the company’s stock valued at $33,244,000 after purchasing an additional 1,050,501 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Snap during the fourth quarter worth about $30,162,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

Snap Trading Up 0.4 %

SNAP stock opened at $8.06 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The company has a market capitalization of $13.66 billion, a PE ratio of -19.18 and a beta of 0.92. Snap Inc. has a 52 week low of $7.66 and a 52 week high of $17.33. The company’s 50-day simple moving average is $9.95 and its 200 day simple moving average is $10.77.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. As a group, sell-side analysts anticipate that Snap Inc. will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SNAP. Citigroup increased their target price on Snap from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $16.00 price objective (down previously from $18.00) on shares of Snap in a report on Wednesday, January 15th. Citizens Jmp raised shares of Snap from a “hold” rating to a “strong-buy” rating in a report on Friday, March 28th. Wells Fargo & Company lowered their price objective on shares of Snap from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, March 31st. Finally, Guggenheim reissued a “neutral” rating on shares of Snap in a report on Wednesday. One research analyst has rated the stock with a sell rating, twenty-four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Snap presently has an average rating of “Hold” and a consensus target price of $36.80.

Insider Activity

In related news, CFO Derek Andersen sold 61,334 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total transaction of $664,860.56. Following the completion of the transaction, the chief financial officer now owns 3,564,235 shares in the company, valued at approximately $38,636,307.40. This represents a 1.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eric Young sold 102,152 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total value of $1,107,327.68. Following the transaction, the senior vice president now owns 3,443,419 shares of the company’s stock, valued at $37,326,661.96. The trade was a 2.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,356,523 shares of company stock valued at $12,710,077 over the last quarter. 22.68% of the stock is owned by company insiders.

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.