Edmond DE Rothschild Holding S.A. Cuts Stock Position in Snap Inc. (NYSE:SNAP)

Edmond DE Rothschild Holding S.A. trimmed its holdings in Snap Inc. (NYSE:SNAP) by 34.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,600 shares of the company’s stock after selling 3,533 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Snap were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Mountain Hill Investment Partners Corp. bought a new position in Snap in the 4th quarter worth approximately $27,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Snap during the fourth quarter worth $32,000. Blue Trust Inc. boosted its position in shares of Snap by 128.0% during the fourth quarter. Blue Trust Inc. now owns 4,370 shares of the company’s stock worth $47,000 after acquiring an additional 2,453 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in Snap in the 4th quarter valued at $54,000. Finally, V Square Quantitative Management LLC increased its holdings in Snap by 213.3% in the 4th quarter. V Square Quantitative Management LLC now owns 8,378 shares of the company’s stock valued at $91,000 after acquiring an additional 5,704 shares during the last quarter. Institutional investors own 47.52% of the company’s stock.

Snap Stock Performance

Shares of SNAP stock opened at $8.86 on Thursday. Snap Inc. has a 12-month low of $8.29 and a 12-month high of $17.33. The business’s fifty day simple moving average is $10.06 and its 200-day simple moving average is $10.80. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47. The company has a market cap of $15.03 billion, a PE ratio of -21.09 and a beta of 0.92.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SNAP. Barclays restated an “overweight” rating on shares of Snap in a research report on Wednesday, February 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $16.00 price objective (down previously from $18.00) on shares of Snap in a research note on Wednesday, January 15th. Needham & Company LLC reiterated a “buy” rating and set a $640.00 target price on shares of Snap in a research report on Thursday, December 5th. Guggenheim restated a “neutral” rating on shares of Snap in a research report on Wednesday. Finally, Bank of America increased their price objective on shares of Snap from $14.00 to $14.50 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twenty-four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $36.80.

Insider Activity at Snap

In other Snap news, CAO Rebecca Morrow sold 8,837 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total value of $95,793.08. Following the completion of the transaction, the chief accounting officer now owns 429,892 shares of the company’s stock, valued at approximately $4,660,029.28. This trade represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Michael J. O’sullivan sold 18,000 shares of Snap stock in a transaction on Friday, January 31st. The stock was sold at an average price of $11.49, for a total transaction of $206,820.00. Following the sale, the general counsel now owns 480,498 shares of the company’s stock, valued at $5,520,922.02. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,356,523 shares of company stock valued at $12,710,077 in the last three months. 22.68% of the stock is owned by insiders.

Snap Company 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.