SG Americas Securities LLC Has $552,000 Stake in Snap Inc. (NYSE:SNAP)

SG Americas Securities LLC reduced its stake in shares of Snap Inc. (NYSE:SNAP) by 95.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,245 shares of the company’s stock after selling 1,133,964 shares during the quarter. SG Americas Securities LLC’s holdings in Snap were worth $552,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HCR Wealth Advisors grew its position in Snap by 3.9% during the 4th quarter. HCR Wealth Advisors now owns 25,016 shares of the company’s stock worth $269,000 after acquiring an additional 934 shares during the last quarter. Metis Global Partners LLC boosted its stake in Snap by 6.9% in the third quarter. Metis Global Partners LLC now owns 19,352 shares of the company’s stock worth $207,000 after purchasing an additional 1,255 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Snap by 1.9% during the third quarter. Intech Investment Management LLC now owns 77,592 shares of the company’s stock worth $830,000 after purchasing an additional 1,433 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of Snap by 7.7% in the fourth quarter. HB Wealth Management LLC now owns 21,187 shares of the company’s stock valued at $228,000 after buying an additional 1,513 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Snap by 6.8% in the third quarter. MML Investors Services LLC now owns 25,245 shares of the company’s stock valued at $270,000 after buying an additional 1,614 shares during the last quarter. 47.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SNAP shares. Evercore ISI increased their price objective on shares of Snap from $12.00 to $15.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. UBS Group raised their price target on shares of Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Guggenheim restated a “buy” rating and issued a $12.11 price objective on shares of Snap in a research report on Tuesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $640.00 price objective on shares of Snap in a research report on Thursday, December 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $16.00 target price (down previously from $18.00) on shares of Snap in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, twenty-two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.99.

Snap Trading Down 0.4 %

SNAP opened at $11.31 on Friday. The stock has a market capitalization of $18.96 billion, a P/E ratio of -19.49 and a beta of 0.98. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 1.63. Snap Inc. has a 12 month low of $8.29 and a 12 month high of $17.50. The firm’s fifty day simple moving average is $11.53 and its 200 day simple moving average is $10.99.

Snap (NYSE:SNAP) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Snap had a negative return on equity of 35.60% and a negative net margin of 18.49%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.21) earnings per share. As a group, research analysts anticipate that Snap Inc. will post -0.39 EPS for the current fiscal year.

Insider Activity at Snap

In other news, SVP Eric Young sold 112,020 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 2,791,048 shares in the company, valued at $29,445,556.40. This trade represents a 3.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Michael J. O’sullivan sold 18,000 shares of Snap stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $10.84, for a total value of $195,120.00. Following the completion of the sale, the general counsel now directly owns 498,498 shares in the company, valued at approximately $5,403,718.32. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 427,184 shares of company stock valued at $4,761,369. 22.68% of the stock is owned by insiders.

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.