Compagnie Lombard Odier SCmA Boosts Stake in Snap Inc. (NYSE:SNAP)

Compagnie Lombard Odier SCmA grew its stake in Snap Inc. (NYSE:SNAP) by 312.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 170,674 shares of the company’s stock after purchasing an additional 129,330 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Snap were worth $1,838,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Snap by 62.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,211,360 shares of the company’s stock valued at $66,462,000 after purchasing an additional 2,386,519 shares in the last quarter. TB Alternative Assets Ltd. raised its stake in shares of Snap by 105.6% in the 3rd quarter. TB Alternative Assets Ltd. now owns 7,981,847 shares of the company’s stock valued at $85,406,000 after purchasing an additional 4,098,847 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Snap in the 3rd quarter valued at about $1,345,000. Invenomic Capital Management LP acquired a new stake in shares of Snap in the 3rd quarter valued at about $2,349,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Snap by 49.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,639,681 shares of the company’s stock valued at $28,245,000 after purchasing an additional 879,212 shares in the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.

Snap Price Performance

Snap stock opened at $11.23 on Friday. The firm has a 50 day simple moving average of $11.36 and a 200-day simple moving average of $10.78. The company has a current ratio of 3.95, a quick ratio of 4.04 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.

Snap (NYSE:SNAP) last posted its quarterly earnings data 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 net margin of 13.02% and a negative return on equity of 25.67%. Equities analysts anticipate that Snap Inc. will post -0.26 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group upped their target price on shares of Snap from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. dropped their price objective on shares of Snap from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler reiterated a “neutral” rating and set a $13.00 price objective (up previously from $12.00) on shares of Snap in a research note on Wednesday, October 30th. Benchmark reiterated a “hold” rating on shares of Snap in a research note on Friday, October 25th. Finally, JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Snap in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $36.87.

Insider Buying and Selling

In related news, SVP Eric Young sold 112,020 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.55, for a total transaction of $1,181,811.00. Following the completion of the sale, the senior vice president now directly owns 2,791,048 shares in the company, valued at approximately $29,445,556.40. This trade represents a 3.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Michael J. O’sullivan sold 12,315 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.54, for a total transaction of $129,800.10. Following the sale, the general counsel now owns 1,195,567 shares of the company’s stock, valued at $12,601,276.18. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 443,518 shares of company stock worth $4,947,981. Corporate insiders own 22.68% of the company’s stock.

Snap Company 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.