Fox Run Management L.L.C. Acquires 18,973 Shares of Snap Inc. (NYSE:SNAP)

Fox Run Management L.L.C. boosted its holdings in Snap Inc. (NYSE:SNAP) by 152.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,457 shares of the company’s stock after purchasing an additional 18,973 shares during the period. Fox Run Management L.L.C.’s holdings in Snap were worth $339,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in shares of Snap in the 4th quarter worth about $5,002,000. Sei Investments Co. bought a new stake in Snap in the fourth quarter worth about $158,000. Virtu Financial LLC purchased a new position in Snap in the fourth quarter valued at about $765,000. Magnetar Financial LLC bought a new position in shares of Snap during the 4th quarter valued at approximately $1,295,000. Finally, West Tower Group LLC increased its stake in shares of Snap by 30.0% during the 4th quarter. West Tower Group LLC now owns 13,000 shares of the company’s stock worth $140,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 47.52% of the company’s stock.

Insider Buying and Selling

In other news, CFO Derek Andersen sold 22,720 shares of Snap stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $8.58, for a total value of $194,937.60. Following the transaction, the chief financial officer now owns 3,541,515 shares in the company, valued at approximately $30,386,198.70. The trade was a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Michael J. O’sullivan sold 18,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $11.49, for a total value 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. This represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,350,523 shares of company stock worth $12,698,797 in the last 90 days. 22.68% of the stock is owned by company insiders.

Snap Price Performance

Shares of Snap stock opened at $9.40 on Thursday. The business’s 50-day moving average price is $10.29 and its 200-day moving average price is $10.81. The firm has a market capitalization of $15.94 billion, a PE ratio of -22.37 and a beta of 0.92. Snap Inc. has a 12 month low of $8.29 and a 12 month high of $17.33. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47.

Snap (NYSE:SNAP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. Sell-side analysts forecast that Snap Inc. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

SNAP has been the topic of several research analyst reports. Susquehanna upped their price objective on Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. cut their price target on Snap from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, February 5th. Bank of America boosted their price objective on Snap from $14.00 to $14.50 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. 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. Finally, Wells Fargo & Company lowered shares of Snap from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $15.00 to $11.00 in a research report 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.87.

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.