Global Assets Advisory LLC Acquires Shares of 11,250 Snap Inc. (NYSE:SNAP)

Global Assets Advisory LLC bought a new position in Snap Inc. (NYSE:SNAP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,250 shares of the company’s stock, valued at approximately $129,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. increased its holdings in shares of Snap by 2,580.4% during the fourth quarter. NBC Securities Inc. now owns 1,501 shares of the company’s stock worth $25,000 after buying an additional 1,445 shares in the last quarter. Allworth Financial LP increased its stake in shares of Snap by 161.6% in the fourth quarter. Allworth Financial LP now owns 2,765 shares of the company’s stock valued at $47,000 after buying an additional 1,708 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in shares of Snap in the fourth quarter valued at about $51,000. Rakuten Securities Inc. acquired a new position in Snap during the 4th quarter worth about $73,000. Finally, Westpac Banking Corp grew its holdings in Snap by 108.7% during the 4th quarter. Westpac Banking Corp now owns 4,812 shares of the company’s stock worth $81,000 after acquiring an additional 2,506 shares during the last quarter. Institutional investors own 47.52% of the company’s stock.

Insider Transactions at Snap

In related news, SVP Eric Young sold 115,915 shares of Snap stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $15.91, for a total transaction of $1,844,207.65. Following the completion of the transaction, the senior vice president now owns 3,292,657 shares in the company, valued at $52,386,172.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Snap news, SVP Eric Young sold 115,915 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $15.91, for a total transaction of $1,844,207.65. Following the completion of the sale, the senior vice president now owns 3,292,657 shares of the company’s stock, valued at approximately $52,386,172.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joanna Coles sold 3,950 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $15.17, for a total transaction of $59,921.50. Following the completion of the transaction, the director now owns 46,492 shares in the company, valued at $705,283.64. The disclosure for this sale can be found here. Insiders have sold 1,354,583 shares of company stock worth $19,636,195 in the last ninety days. Insiders own 22.68% of the company’s stock.

Snap Stock Down 1.2 %

Shares of NYSE SNAP opened at $16.57 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.76 and a quick ratio of 3.76. The stock has a 50 day moving average price of $15.28 and a 200 day moving average price of $14.19. Snap Inc. has a 52 week low of $8.28 and a 52 week high of $17.90.

Snap (NYSE:SNAP) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.10. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.12 billion. Snap had a negative return on equity of 46.62% and a negative net margin of 26.99%. Equities analysts forecast that Snap Inc. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

SNAP has been the topic of several research reports. Canaccord Genuity Group upped their price target on Snap from $14.00 to $15.00 and gave the company a “hold” rating in a research note on Friday, April 26th. HSBC upgraded shares of Snap from a “reduce” rating to a “buy” rating in a research report on Friday, April 26th. Benchmark restated a “hold” rating on shares of Snap in a report on Friday, April 26th. Barclays lifted their target price on shares of Snap from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Roth Mkm reissued a “neutral” rating and issued a $14.00 price target on shares of Snap in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.82.

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.