B. Metzler seel. Sohn & Co. Holding AG Buys New Shares in Snap Inc. (NYSE:SNAP)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Snap Inc. (NYSE:SNAP) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 26,946 shares of the company’s stock, valued at approximately $288,000.

Other large investors have also recently bought and sold shares of the company. TB Alternative Assets Ltd. raised its stake in Snap by 105.6% during 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 during the last quarter. Aigen Investment Management LP acquired a new position in shares of Snap in the 3rd quarter valued at $1,345,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Snap in the 3rd quarter valued at $832,000. Entropy Technologies LP acquired a new position in shares of Snap in the 3rd quarter valued at $828,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Snap by 38.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 784,982 shares of the company’s stock valued at $8,399,000 after buying an additional 219,111 shares in the last quarter. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Snap Stock Performance

Snap stock opened at $11.59 on Tuesday. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 1.63. Snap Inc. has a 1 year low of $8.29 and a 1 year high of $17.90. The company has a market cap of $19.44 billion, a PE ratio of -19.98 and a beta of 0.99. The company’s 50-day moving average is $10.85 and its two-hundred day moving average is $12.44.

Snap (NYSE:SNAP) last released its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company posted ($0.21) EPS. The company’s revenue was up 15.4% compared to the same quarter last year. Equities analysts anticipate that Snap Inc. will post -0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SNAP. Stifel Nicolaus dropped their price objective on shares of Snap from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, October 14th. The Goldman Sachs Group increased their price objective on shares of Snap from $12.00 to $13.50 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their target price on shares of Snap from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, October 4th. JPMorgan Chase & Co. lowered their target price on shares of Snap from $13.00 to $11.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. Finally, B. Riley upped their target price on shares of Snap from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Snap has an average rating of “Hold” and a consensus price target of $14.31.

Insider Activity at Snap

In related news, CFO Derek Andersen sold 97,608 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $9.29, for a total value of $906,778.32. Following the sale, the chief financial officer now directly owns 2,287,970 shares in the company, valued at $21,255,241.30. This trade represents a 4.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Robert C. Murphy sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $12.50, for a total transaction of $12,500,000.00. Following the completion of the sale, the chief technology officer now owns 57,210,989 shares in the company, valued at $715,137,362.50. This represents a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,406,709 shares of company stock worth $16,615,487 in the last ninety days.

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.