Jones Financial Companies Lllp Buys 1,894 Shares of Snap Inc. (NYSE:SNAP)

Jones Financial Companies Lllp lifted its holdings in Snap Inc. (NYSE:SNAP) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,421 shares of the company’s stock after acquiring an additional 1,894 shares during the period. Jones Financial Companies Lllp’s holdings in Snap were worth $177,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in shares of Snap by 141.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock valued at $30,000 after acquiring an additional 1,632 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in Snap in the fourth quarter worth about $32,000. Brooklyn Investment Group bought a new stake in Snap in the third quarter worth about $41,000. Blue Trust Inc. lifted its stake in Snap by 128.0% in the fourth quarter. Blue Trust Inc. now owns 4,370 shares of the company’s stock worth $47,000 after purchasing an additional 2,453 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in Snap in the fourth quarter worth about $54,000. Institutional investors own 47.52% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Robert C. Murphy sold 1,000,000 shares of Snap stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $9.04, for a total transaction of $9,040,000.00. Following the completion of the sale, the chief technology officer now directly owns 55,818,548 shares in the company, valued at approximately $504,599,673.92. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Derek Andersen sold 94,164 shares of Snap stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.44, for a total transaction of $1,077,236.16. Following the sale, the chief financial officer now owns 2,193,806 shares of the company’s stock, valued at $25,097,140.64. The trade was a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,449,168 shares of company stock valued at $14,033,679. 22.68% of the stock is currently owned by insiders.

Snap Price Performance

NYSE SNAP opened at $8.64 on Friday. The firm’s fifty day simple moving average is $10.77 and its two-hundred day simple moving average is $10.79. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47. Snap Inc. has a 12-month low of $8.29 and a 12-month high of $17.33. The firm has a market capitalization of $14.65 billion, a P/E ratio of -20.56 and a beta of 0.92.

Snap (NYSE:SNAP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. Analysts forecast that Snap Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Guggenheim downgraded shares of Snap from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 11th. Barclays reissued an “overweight” rating on shares of Snap in a research note on Wednesday, February 5th. Citizens Jmp downgraded shares of Snap from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Needham & Company LLC reissued a “buy” rating and issued a $640.00 price objective on shares of Snap in a research note on Thursday, December 5th. Finally, Bank of America raised their target price on shares of Snap from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Snap presently has a consensus rating of “Hold” and a consensus price target of $36.87.

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.