Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 11,100 Shares of Snap Inc. (NYSE:SNAP)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Snap Inc. (NYSE:SNAP) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 258,442 shares of the company’s stock after acquiring an additional 11,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Snap were worth $2,783,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in Snap by 141.9% during the third quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock worth $30,000 after acquiring an additional 1,632 shares in the last quarter. Comprehensive Financial Planning Inc. PA bought a new position in Snap during the fourth quarter worth $32,000. Brooklyn Investment Group bought a new position in Snap during the third quarter worth $41,000. Blue Trust Inc. raised its holdings in Snap by 128.0% during the fourth quarter. Blue Trust Inc. now owns 4,370 shares of the company’s stock worth $47,000 after buying an additional 2,453 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Snap during the third quarter worth $81,000. 47.52% of the stock is owned by institutional investors.

Snap Price Performance

Shares of NYSE:SNAP opened at $10.15 on Thursday. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $17.21 billion, a PE ratio of -24.15 and a beta of 0.99. Snap Inc. has a twelve month low of $8.29 and a twelve month high of $17.33. The company has a 50-day moving average price of $11.14 and a two-hundred day moving average price of $10.79.

Snap (NYSE:SNAP) last issued its earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. Equities analysts forecast that Snap Inc. will post -0.3 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel Michael J. O’sullivan sold 18,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the general counsel now directly owns 498,498 shares in the company, valued at approximately $5,403,718.32. This trade represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Eric Young sold 102,152 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total transaction of $1,107,327.68. Following the completion of the transaction, the senior vice president now owns 3,443,419 shares of the company’s stock, valued at $37,326,661.96. This trade represents a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 499,471 shares of company stock worth $5,608,926 over the last quarter. 22.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on SNAP. Truist Financial upped their price objective on shares of Snap from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Evercore ISI upped 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. Guggenheim downgraded shares of Snap from a “buy” rating to a “neutral” rating in a report on Tuesday, February 11th. Loop Capital upped their price objective on shares of Snap from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $16.00 price objective on shares of Snap in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Snap presently has an average rating of “Hold” and an average price target of $36.87.

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.