Commonwealth Equity Services LLC boosted its holdings in Snap Inc (NYSE:SNAP) by 15.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,504 shares of the company’s stock after buying an additional 25,041 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Snap were worth $2,994,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC acquired a new stake in Snap in the second quarter valued at about $27,000. Atlas Capital Advisors LLC acquired a new stake in shares of Snap during the second quarter valued at about $29,000. Optimum Investment Advisors acquired a new stake in shares of Snap during the third quarter valued at about $32,000. Cascade Investment Advisors Inc. boosted its stake in shares of Snap by 60.3% during the third quarter. Cascade Investment Advisors Inc. now owns 2,325 shares of the company’s stock valued at $37,000 after purchasing an additional 875 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Snap by 38.8% during the second quarter. Catalyst Capital Advisors LLC now owns 2,386 shares of the company’s stock valued at $34,000 after purchasing an additional 667 shares in the last quarter. 27.08% of the stock is currently owned by institutional investors and hedge funds.

SNAP has been the topic of a number of recent research reports. Canaccord Genuity lifted their price target on Snap from $13.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Rosenblatt Securities reissued a “buy” rating and set a $21.00 price target on shares of Snap in a research note on Monday, October 7th. SunTrust Banks lifted their price target on Snap from $11.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Summit Insights raised Snap from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Moffett Nathanson lifted their price target on Snap from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.84.

Snap stock opened at $14.19 on Friday. The stock’s 50 day moving average is $14.83 and its 200 day moving average is $14.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 7.25 and a quick ratio of 7.25. The firm has a market cap of $19.82 billion, a P/E ratio of -14.63 and a beta of 1.10. Snap Inc has a one year low of $4.82 and a one year high of $18.36.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.14. The company had revenue of $446.20 million for the quarter, compared to analyst estimates of $436.00 million. Snap had a negative return on equity of 44.16% and a negative net margin of 63.75%. The firm’s quarterly revenue was up 49.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) earnings per share. Equities analysts anticipate that Snap Inc will post -0.69 earnings per share for the current fiscal year.

In other Snap news, VP Jerry James Hunter sold 117,782 shares of Snap stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $16.10, for a total value of $1,896,290.20. Following the completion of the sale, the vice president now directly owns 1,614,425 shares in the company, valued at $25,992,242.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Robert C. Murphy sold 698,913 shares of Snap stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $14.34, for a total value of $10,022,412.42. Following the completion of the sale, the chief technology officer now owns 86,977,075 shares of the company’s stock, valued at $1,247,251,255.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,834,733 shares of company stock worth $43,918,901.

Snap Profile

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.

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Institutional Ownership by Quarter for Snap (NYSE:SNAP)

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