Generali Investments Towarzystwo Funduszy Inwestycyjnych Takes Position in Snap Inc. (NYSE:SNAP)

Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in Snap Inc. (NYSE:SNAP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $54,000.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Snap by 62.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,211,360 shares of the company’s stock worth $66,462,000 after purchasing an additional 2,386,519 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Snap during the third quarter worth approximately $1,345,000. Invenomic Capital Management LP purchased a new position in Snap in the third quarter worth $2,349,000. Jacobs Levy Equity Management Inc. raised its position in Snap by 49.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,639,681 shares of the company’s stock worth $28,245,000 after acquiring an additional 879,212 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Snap in the third quarter worth $828,000. 47.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SNAP. Citizens Jmp cut Snap from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Guggenheim cut Snap from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $640.00 price target on shares of Snap in a research report on Thursday, December 5th. Barclays restated an “overweight” rating on shares of Snap in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company lowered Snap from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $15.00 to $11.00 in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Snap presently has a consensus rating of “Hold” and a consensus target price of $36.87.

Snap Stock Down 1.7 %

Shares of SNAP opened at $9.99 on Friday. Snap Inc. has a 52 week low of $8.29 and a 52 week high of $17.33. The stock has a market capitalization of $16.94 billion, a price-to-earnings ratio of -23.77 and a beta of 0.99. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The stock has a fifty day moving average of $11.14 and a 200-day moving average of $10.79.

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

Insider Transactions at Snap

In other news, SVP Eric Young sold 102,152 shares of Snap stock in a transaction 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 sale, the senior vice president now directly owns 3,443,419 shares of the company’s stock, valued at approximately $37,326,661.96. The trade was a 2.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Derek Andersen sold 94,164 shares of Snap stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.44, for a total transaction of $1,077,236.16. Following the sale, the chief financial officer now directly owns 2,193,806 shares of the company’s stock, valued at $25,097,140.64. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 481,471 shares of company stock worth $5,394,906 in the last quarter. Insiders own 22.68% of the company’s stock.

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.