Snap Inc. (NYSE:SNAP) Stock Position Lessened by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. decreased its holdings in Snap Inc. (NYSE:SNAP) by 50.0% in the 4th quarter, HoldingsChannel reports. The firm owned 4,000 shares of the company’s stock after selling 4,000 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Snap were worth $43,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of SNAP. Cetera Investment Advisers boosted its stake in Snap by 23.7% during the second quarter. Cetera Investment Advisers now owns 104,470 shares of the company’s stock valued at $1,735,000 after buying an additional 20,038 shares in the last quarter. CWM LLC lifted its stake in Snap by 17.4% in the 3rd quarter. CWM LLC now owns 114,689 shares of the company’s stock worth $1,227,000 after acquiring an additional 16,968 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Snap by 515.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,000 shares of the company’s stock worth $86,000 after acquiring an additional 6,700 shares in the last quarter. Paladin Wealth LLC purchased a new stake in Snap in the 3rd quarter worth about $30,000. Finally, Vontobel Holding Ltd. lifted its stake in Snap by 17.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 327,705 shares of the company’s stock worth $3,506,000 after acquiring an additional 47,717 shares in the last quarter. Institutional investors own 47.52% of the company’s stock.

Snap Trading Up 1.7 %

Shares of SNAP opened at $10.90 on Wednesday. The stock has a fifty day moving average price of $11.40 and a two-hundred day moving average price of $10.78. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.04 and a current ratio of 3.95. Snap Inc. has a 52-week low of $8.29 and a 52-week high of $17.33. The company has a market cap of $18.27 billion, a price-to-earnings ratio of -25.94 and a beta of 0.99.

Snap (NYSE:SNAP) last released its earnings results 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 net margin of 13.02% and a negative return on equity of 25.67%. Analysts predict that Snap Inc. will post -0.26 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel Michael J. O’sullivan sold 18,000 shares of Snap stock in a transaction on Friday, January 31st. The stock was sold at an average price of $11.49, for a total transaction of $206,820.00. Following the completion of the sale, the general counsel now directly owns 480,498 shares of the company’s stock, valued at $5,520,922.02. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Eric Young sold 112,020 shares of Snap stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.55, for a total value of $1,181,811.00. Following the sale, the senior vice president now directly owns 2,791,048 shares of the company’s stock, valued at approximately $29,445,556.40. This trade represents a 3.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 443,518 shares of company stock valued at $4,947,981. Company insiders own 22.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays reaffirmed an “overweight” rating on shares of Snap in a research note on Wednesday, February 5th. UBS Group increased their price objective on Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Canaccord Genuity Group raised their target price on Snap from $12.00 to $13.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Guggenheim lowered Snap from a “buy” rating to a “neutral” rating in a report on Tuesday. Finally, Citigroup lifted their price objective on Snap from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.87.

About Snap

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.