Mn Services Vermogensbeheer B.V. Cuts Stake in Snap Inc. (NYSE:SNAP)

Mn Services Vermogensbeheer B.V. decreased its stake in Snap Inc. (NYSE:SNAP) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 456,600 shares of the company’s stock after selling 17,600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Snap were worth $7,730,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. ICA Group Wealth Management LLC purchased a new stake in Snap during the 4th quarter worth approximately $29,000. Newbridge Financial Services Group Inc. raised its stake in shares of Snap by 75.0% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the company’s stock valued at $31,000 after purchasing an additional 1,500 shares in the last quarter. Allworth Financial LP lifted its position in shares of Snap by 161.6% during the fourth quarter. Allworth Financial LP now owns 2,765 shares of the company’s stock worth $47,000 after purchasing an additional 1,708 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Snap by 365.3% in the second quarter. Tower Research Capital LLC TRC now owns 3,941 shares of the company’s stock worth $47,000 after purchasing an additional 3,094 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in Snap in the first quarter valued at about $49,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SNAP shares. Truist Financial lifted their target price on Snap from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Rosenblatt Securities boosted their price objective on shares of Snap from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Roth Mkm raised their target price on shares of Snap from $10.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. BMO Capital Markets lowered their target price on Snap from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Snap from a “hold” rating to a “buy” rating and increased their price objective for the stock from $10.00 to $19.00 in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Snap has a consensus rating of “Hold” and a consensus target price of $13.70.

Insider Activity at Snap

In other Snap news, General Counsel Michael J. O’sullivan sold 18,000 shares of Snap stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $11.53, for a total transaction of $207,540.00. Following the transaction, the general counsel now owns 474,812 shares of the company’s stock, valued at approximately $5,474,582.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Rebecca Morrow sold 9,386 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $11.14, for a total value of $104,560.04. Following the completion of the sale, the chief accounting officer now owns 495,526 shares of the company’s stock, valued at approximately $5,520,159.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Michael J. O’sullivan sold 18,000 shares of Snap stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $11.53, for a total transaction of $207,540.00. Following the completion of the sale, the general counsel now owns 474,812 shares of the company’s stock, valued at $5,474,582.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 470,054 shares of company stock valued at $5,279,729.

Snap Stock Down 4.7 %

Shares of SNAP opened at $10.34 on Tuesday. The company has a 50-day moving average of $11.35 and a two-hundred day moving average of $12.72. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 1.55. Snap Inc. has a one year low of $7.86 and a one year high of $17.90.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.04. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Snap had a negative net margin of 28.71% and a negative return on equity of 47.47%. As a group, equities analysts anticipate that Snap Inc. will post -0.58 earnings per share for the current year.

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.