EULAV Asset Management Has $7.92 Million Stock Position in Snap Inc. (NYSE:SNAP)

EULAV Asset Management lessened its holdings in Snap Inc. (NYSE:SNAP) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 735,000 shares of the company’s stock after selling 155,000 shares during the period. EULAV Asset Management’s holdings in Snap were worth $7,916,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SNAP. HCR Wealth Advisors grew its position in shares of Snap by 3.9% in the fourth quarter. HCR Wealth Advisors now owns 25,016 shares of the company’s stock valued at $269,000 after purchasing an additional 934 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of Snap by 6.9% in the third quarter. Metis Global Partners LLC now owns 19,352 shares of the company’s stock valued at $207,000 after acquiring an additional 1,255 shares during the period. Gradient Investments LLC increased its position in Snap by 0.9% during the fourth quarter. Gradient Investments LLC now owns 142,144 shares of the company’s stock worth $1,531,000 after acquiring an additional 1,310 shares during the period. Intech Investment Management LLC raised its stake in Snap by 1.9% during the 3rd quarter. Intech Investment Management LLC now owns 77,592 shares of the company’s stock valued at $830,000 after purchasing an additional 1,433 shares during the last quarter. Finally, HB Wealth Management LLC boosted its holdings in Snap by 7.7% in the 4th quarter. HB Wealth Management LLC now owns 21,187 shares of the company’s stock valued at $228,000 after purchasing an additional 1,513 shares during the period. 47.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on SNAP. Wells Fargo & Company lowered shares of Snap from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $15.00 to $11.00 in a research report on Wednesday. Citigroup raised their price objective on Snap from $13.00 to $13.50 and gave the stock a “neutral” rating in a research report on Wednesday. Evercore ISI upped their target price on Snap from $12.00 to $15.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. B. Riley lifted their price target on shares of Snap from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Guggenheim restated a “buy” rating and issued a $12.11 price objective on shares of Snap in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.87.

Insider Buying and Selling at Snap

In related news, CAO Rebecca Morrow sold 11,154 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.55, for a total transaction of $117,674.70. Following the completion of the sale, the chief accounting officer now owns 465,064 shares of the company’s stock, valued at $4,906,425.20. This represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Derek Andersen sold 94,164 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $11.44, for a total transaction of $1,077,236.16. Following the completion of the transaction, the chief financial officer now directly owns 2,193,806 shares in the company, valued at approximately $25,097,140.64. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 445,184 shares of company stock valued at $4,968,189 in the last three months. Corporate insiders own 22.68% of the company’s stock.

Snap Price Performance

NYSE:SNAP opened at $10.91 on Friday. Snap Inc. has a 52 week low of $8.29 and a 52 week high of $17.33. The company has a quick ratio of 4.04, a current ratio of 3.95 and a debt-to-equity ratio of 1.47. The firm’s 50-day simple moving average is $11.49 and its 200 day simple moving average is $10.89.

Snap (NYSE:SNAP) last announced its earnings results on Tuesday, February 4th. The company reported $0.01 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%. On average, analysts forecast that Snap Inc. will post -0.26 EPS for the current fiscal year.

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.