Compagnie Lombard Odier SCmA Has $549,000 Stock Holdings in Snap Inc. $SNAP

Compagnie Lombard Odier SCmA lowered its holdings in shares of Snap Inc. (NYSE:SNAPFree Report) by 70.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,039 shares of the company’s stock after selling 162,370 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Snap were worth $549,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC boosted its stake in Snap by 13.3% in the first quarter. Empowered Funds LLC now owns 40,393 shares of the company’s stock valued at $352,000 after buying an additional 4,754 shares in the last quarter. Cetera Investment Advisers raised its stake in Snap by 54.6% during the second quarter. Cetera Investment Advisers now owns 100,384 shares of the company’s stock worth $872,000 after acquiring an additional 35,466 shares in the last quarter. Rhumbline Advisers raised its stake in Snap by 8.5% during the second quarter. Rhumbline Advisers now owns 208,604 shares of the company’s stock worth $1,813,000 after acquiring an additional 16,394 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Snap in the second quarter worth about $136,000. Finally, J.W. Cole Advisors Inc. bought a new position in shares of Snap in the second quarter worth about $110,000. 47.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Snap

In related news, General Counsel Zachary M. Briers sold 134,705 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $4.70, for a total value of $633,113.50. Following the completion of the sale, the general counsel directly owned 2,854,088 shares in the company, valued at $13,414,213.60. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ajit Mohan sold 119,339 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $4.70, for a total value of $560,893.30. Following the transaction, the insider directly owned 5,158,477 shares of the company’s stock, valued at approximately $24,244,841.90. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,570,641 shares of company stock worth $13,436,343 in the last three months. 22.68% of the stock is currently owned by company insiders.

Snap Stock Performance

Snap stock opened at $4.64 on Friday. The business has a 50 day moving average of $5.23 and a 200-day moving average of $7.00. Snap Inc. has a 1 year low of $3.81 and a 1 year high of $10.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.56 and a quick ratio of 3.56. The company has a market capitalization of $7.83 billion, a P/E ratio of -17.17 and a beta of 0.91.

Snap (NYSE:SNAPGet Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Snap had a negative return on equity of 20.72% and a negative net margin of 7.76%.The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the business earned $0.01 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities research analysts predict that Snap Inc. will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SNAP has been the topic of several research reports. Canaccord Genuity Group set a $7.00 price target on shares of Snap in a report on Thursday, February 5th. Bank of America raised shares of Snap from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Thursday, February 5th. Loop Capital set a $8.00 target price on shares of Snap in a research report on Monday, February 23rd. Stifel Nicolaus set a $5.50 target price on shares of Snap and gave the stock a “hold” rating in a research note on Thursday, February 5th. Finally, Mizuho lowered their price target on shares of Snap from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Snap has an average rating of “Hold” and a consensus price target of $8.17.

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About Snap

(Free Report)

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.

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Institutional Ownership by Quarter for Snap (NYSE:SNAP)

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