Belpointe Asset Management LLC acquired a new stake in shares of Snap Inc. (NYSE:SNAP – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,872 shares of the company’s stock, valued at approximately $53,000.
Other institutional investors have also recently made changes to their positions in the company. Fiduciary Alliance LLC purchased a new position in shares of Snap during the fourth quarter valued at about $26,000. Sonnipe Ltd bought a new position in shares of Snap in the 4th quarter valued at about $30,000. Boit C F David bought a new position in shares of Snap in the 3rd quarter valued at about $34,000. Advisors Asset Management Inc. lifted its holdings in shares of Snap by 80.4% in the 1st quarter. Advisors Asset Management Inc. now owns 5,979 shares of the company’s stock valued at $215,000 after acquiring an additional 2,665 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Snap by 72.6% in the 1st quarter. Acadian Asset Management LLC now owns 8,456 shares of the company’s stock valued at $304,000 after acquiring an additional 3,556 shares during the last quarter. Hedge funds and other institutional investors own 43.30% of the company’s stock.
Snap Stock Performance
Shares of SNAP stock opened at $9.80 on Wednesday. The business’s fifty day simple moving average is $10.05 and its 200-day simple moving average is $10.06. The company has a market cap of $15.70 billion, a PE ratio of -11.26 and a beta of 1.19. The company has a current ratio of 4.71, a quick ratio of 4.71 and a debt-to-equity ratio of 1.45. Snap Inc. has a 12-month low of $7.33 and a 12-month high of $16.55.
Insider Transactions at Snap
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Credit Suisse Group lowered their price target on shares of Snap from $13.00 to $11.00 in a report on Friday, April 28th. Royal Bank of Canada lowered their price target on shares of Snap from $10.00 to $9.00 in a report on Friday, April 28th. TD Cowen increased their price target on shares of Snap from $8.00 to $9.00 and gave the company a “market perform” rating in a report on Monday, April 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Snap from $9.00 to $8.00 in a research note on Friday, April 28th. Finally, Truist Financial decreased their price objective on shares of Snap from $8.00 to $7.00 in a research note on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, thirty have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.69.
Snap Company Profile
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.
- Get a free copy of the StockNews.com research report on Snap (SNAP)
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