(NYSE:SNAP) by 379.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 125,776 shares of the company's stock, valued at approximately $1,829,000.
Several large investors have recently modified their holdings of the stock. Coatue Management LLC boosted its position in shares of Snap by 4.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,540 shares of the company's stock worth $134,000 after purchasing an additional 6,540 shares during the period. BlackRock Inc. lifted its position in Snap by 10.0% during the second quarter. Snap Inc.is headquartered in Venice, California. Vanguard Group Inc. now owns 8,353,729 shares of the company's stock worth $148,446,000 after purchasing an additional 1,601,170 shares during the period. WFG Advisors LP bought a new stake in shares of Snap during the first quarter valued at $109,000. US Bancorp DE bought a new stake in shares of Snap during the first quarter valued at $101,000. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in Snap by 37.9% during the third quarter. The institutional investor owned 3,215,300 shares of the company's stock after purchasing an additional 2,544,200 shares during the period.
The company now has an insider ownership of 12.4 Percent and Institutional ownership of 36.5 Percent. The stock was sold at an average price of $12.54, for a total transaction of $3,590,603.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy Sehn sold 400,000 shares of Snap stock in a transaction that occurred on Tuesday, September 5th. They presently have a $26.00 price objective on the stock. Following the completion of the transaction, the vice president now directly owns 2,804,168 shares in the company, valued at $40,211,769.12.
Shares of Snap (SNAP) opened at $12.62 on Thursday.
Snap Inc (NYSE:SNAP) gross margin percentage stands at 3.6% while its operating margin for the past trailing twelve month is 0 percent and its overall profit margin (ttm) is 0 Percent. The stock had a trading volume of 11,247,546 shares, compared to its average volume of 25,522,813. Snap Chat has $31 highest and $800 lowest target.
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Snap (NYSE:SNAP) last issued its quarterly earnings data on Wednesday, May 10th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.31) by $0.17. The company had revenue of $207.90 million during the quarter, compared to analyst estimates of $236.71 million. The Company's principal product Snapchat, is a camera application that helps people to communicate through short videos and images.
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The company has just set a target price of $11 on Snap (NYSE:SNAP) shares. The stock of Snap Inc (NYSE:SNAP) has "Buy" rating given on Monday, July 17 by Drexel Hamilton. The stock of Snap Inc (NYSE:SNAP) has "Hold" rating given on Monday, May 15 by Canaccord Genuity. The rating has been revealed in analysts report on 8 November. Finally, Royal Bank Of Canada reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Snap in a research note on Sunday, October 8th.
Among 41 analysts covering Snap Chat (NYSE:SNAP), 9 have Buy rating, 9 Sell and 23 Hold.
Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.
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