Quadrature Capital Ltd Has $638,000 Holdings in Snap Inc. (NYSE:SNAP)

Quadrature Capital Ltd decreased its position in Snap Inc. (NYSE:SNAP) by 90.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 59,580 shares of the company’s stock after selling 552,526 shares during the period. Quadrature Capital Ltd’s holdings in Snap were worth $638,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Snap in the 3rd quarter valued at about $29,000. Paladin Wealth LLC acquired a new stake in shares of Snap during the third quarter worth approximately $30,000. Advisors Asset Management Inc. grew its position in Snap by 141.9% during the third quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock valued at $30,000 after purchasing an additional 1,632 shares in the last quarter. Hollencrest Capital Management acquired a new position in Snap in the 2nd quarter valued at approximately $33,000. Finally, Blue Trust Inc. lifted its position in Snap by 354.1% in the 2nd quarter. Blue Trust Inc. now owns 2,157 shares of the company’s stock worth $36,000 after buying an additional 1,682 shares in the last quarter. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Snap

In other news, Director Joanna Coles sold 6,434 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $12.00, for a total transaction of $77,208.00. Following the completion of the transaction, the director now directly owns 54,761 shares of the company’s stock, valued at approximately $657,132. This trade represents a 10.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Rebecca Morrow sold 11,154 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.55, for a total transaction of $117,674.70. Following the completion of the transaction, the chief accounting officer now directly owns 465,064 shares of the company’s stock, valued at $4,906,425.20. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,406,709 shares of company stock valued at $16,662,107. 22.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on SNAP shares. Needham & Company LLC restated a “buy” rating and set a $640.00 price target on shares of Snap in a report on Thursday. Cantor Fitzgerald boosted their target price on Snap from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. UBS Group raised their price target on Snap from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Bank of America boosted their price target on Snap from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus cut their price objective on shares of Snap from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.10.

Snap Price Performance

Shares of Snap stock opened at $12.44 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.04 and a quick ratio of 4.04. The company has a market cap of $20.86 billion, a PE ratio of -21.45 and a beta of 0.97. The firm has a fifty day moving average price of $11.23 and a two-hundred day moving average price of $12.16. Snap Inc. has a fifty-two week low of $8.29 and a fifty-two week high of $17.90.

Snap (NYSE:SNAP) last released its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company earned ($0.21) earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. Analysts expect that Snap Inc. will post -0.4 EPS for the current year.

About Snap

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.