47,040 Shares in Snap Inc. (NYSE:SNAP) Acquired by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP acquired a new position in Snap Inc. (NYSE:SNAP – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 47,040 shares of the company’s stock, valued at approximately $462,000.

Other large investors also recently bought and sold shares of the company. Castleview Partners LLC raised its stake in Snap by 1,213.0% in the second quarter. Castleview Partners LLC now owns 2,626 shares of the company’s stock worth $200,000 after buying an additional 2,426 shares in the last quarter. Boit C F David bought a new position in Snap in the third quarter worth approximately $34,000. SRS Capital Advisors Inc. raised its stake in Snap by 382.7% in the second quarter. SRS Capital Advisors Inc. now owns 5,146 shares of the company’s stock worth $68,000 after buying an additional 4,080 shares in the last quarter. Natixis Investment Managers International increased its position in shares of Snap by 19.8% during the second quarter. Natixis Investment Managers International now owns 5,437 shares of the company’s stock worth $71,000 after purchasing an additional 898 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Snap by 80.4% during the first quarter. Advisors Asset Management Inc. now owns 5,979 shares of the company’s stock worth $215,000 after purchasing an additional 2,665 shares in the last quarter. Institutional investors own 43.30% of the company’s stock.

Wall Street Analyst Weigh In

SNAP has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded Snap from a “buy” rating to a “hold” rating and reduced their price target for the stock from $12.00 to $10.00 in a research report on Thursday, December 15th. JMP Securities downgraded Snap from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 17th. Susquehanna upped their price target on Snap from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 1st. UBS Group lowered shares of Snap from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a report on Wednesday, February 1st. Finally, Credit Suisse Group dropped their price objective on shares of Snap from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Wednesday, February 1st. Three investment analysts have rated the stock with a sell rating, twenty-nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Snap presently has a consensus rating of “Hold” and a consensus price target of $13.71.

Snap Stock Up 7.3 %

SNAP opened at $11.09 on Friday. Snap Inc. has a twelve month low of $7.33 and a twelve month high of $39.80. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average price of $10.44 and a 200 day moving average price of $10.25. The company has a market cap of $17.54 billion, a PE ratio of -12.60 and a beta of 1.20.

Snap (NYSE:SNAP – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02. Snap had a negative net margin of 31.07% and a negative return on equity of 33.20%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. Sell-side analysts expect that Snap Inc. will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Snap

In other Snap news, CTO Robert C. Murphy sold 900,000 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $10.90, for a total value of $9,810,000.00. Following the completion of the sale, the chief technology officer now owns 71,477,238 shares in the company, valued at approximately $779,101,894.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Snap news, CTO Robert C. Murphy sold 900,000 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $10.90, for a total value of $9,810,000.00. Following the completion of the sale, the chief technology officer now owns 71,477,238 shares in the company, valued at approximately $779,101,894.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jerry James Hunter sold 62,913 shares of the stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $11.06, for a total transaction of $695,817.78. Following the completion of the sale, the chief operating officer now owns 5,024,121 shares of the company’s stock, valued at approximately $55,566,778.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,126,790 shares of company stock worth $12,282,802.

Snap Company Profile

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Snap, Inc operates as a camera company. Its flagship product, Snapchat, is a camera application that helps people communicate visually with friends and family through short videos and images called Snaps. The firm’s primary source of revenue is advertising. Snap was founded by Frank Reginald Brown IV, Evan Thomas Spiegel, and Robert C.