Landscape Capital Management L.L.C. Sells 48,356 Shares of Snap Inc. (NYSE:SNAP)

Landscape Capital Management L.L.C. decreased its position in Snap Inc. (NYSE:SNAP) by 21.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,495 shares of the company’s stock after selling 48,356 shares during the period. Landscape Capital Management L.L.C.’s holdings in Snap were worth $1,879,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Grant Private Wealth Management Inc purchased a new stake in shares of Snap during the fourth quarter valued at $330,000. Bryce Point Capital LLC purchased a new stake in shares of Snap during the 4th quarter valued at about $577,000. Trexquant Investment LP grew its stake in shares of Snap by 90.6% in the fourth quarter. Trexquant Investment LP now owns 1,164,286 shares of the company’s stock worth $12,539,000 after acquiring an additional 553,504 shares during the period. Geode Capital Management LLC grew its stake in shares of Snap by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 11,831,472 shares of the company’s stock worth $127,078,000 after acquiring an additional 134,017 shares during the period. Finally, National Bank of Canada FI raised its holdings in shares of Snap by 32.2% during the fourth quarter. National Bank of Canada FI now owns 20,302 shares of the company’s stock valued at $219,000 after purchasing an additional 4,944 shares during the last quarter. Institutional investors own 47.52% of the company’s stock.

Insider Buying and Selling

In related news, CTO Robert C. Murphy sold 1,000,000 shares of Snap stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $9.04, for a total transaction of $9,040,000.00. Following the completion of the transaction, the chief technology officer now directly owns 55,818,548 shares in the company, valued at $504,599,673.92. The trade was a 1.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Eric Young sold 102,152 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total value of $1,107,327.68. Following the transaction, the senior vice president now directly owns 3,443,419 shares of the company’s stock, valued at $37,326,661.96. The trade was a 2.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,356,523 shares of company stock worth $12,710,077 in the last quarter. Company insiders own 22.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SNAP. Guggenheim restated a “neutral” rating on shares of Snap in a research note on Wednesday. Bank of America boosted their target price on shares of Snap from $14.00 to $14.50 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Citigroup increased their price target on shares of Snap from $13.00 to $13.50 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Wells Fargo & Company cut their price objective on shares of Snap from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, March 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 target price on shares of Snap in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, twenty-four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Snap presently has an average rating of “Hold” and an average price target of $36.80.

Snap Price Performance

Shares of NYSE SNAP opened at $8.06 on Friday. The stock has a fifty day moving average price of $9.95 and a 200 day moving average price of $10.77. Snap Inc. has a 1-year low of $7.66 and a 1-year high of $17.33. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.95 and a quick ratio of 3.95. The company has a market cap of $13.66 billion, a PE ratio of -19.18 and a beta of 0.92.

Snap (NYSE:SNAP) last released its 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%. Sell-side analysts forecast that Snap Inc. will post -0.3 EPS for the current year.

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.