Mondrian Capital Management LLC Invests $1.22 Million in Snap Inc (NYSE:SNAP)

Mondrian Capital Management LLC acquired a new position in shares of Snap Inc (NYSE:SNAP) in the second quarter, Holdings Channel.com reports. The fund acquired 85,000 shares of the company’s stock, valued at approximately $1,216,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Snap by 29.4% in the fourth quarter. Bank of New York Mellon Corp now owns 620,207 shares of the company’s stock worth $3,418,000 after purchasing an additional 140,784 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Snap by 38.8% in the fourth quarter. Stifel Financial Corp now owns 44,269 shares of the company’s stock worth $249,000 after purchasing an additional 12,365 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Snap by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 4,810,361 shares of the company’s stock worth $26,505,000 after purchasing an additional 208,932 shares in the last quarter. Nwam LLC bought a new position in shares of Snap in the first quarter worth $169,000. Finally, TradeLink Capital LLC bought a new position in shares of Snap in the first quarter worth $356,000. 25.74% of the stock is owned by institutional investors.

Shares of NYSE SNAP traded down $0.12 during mid-day trading on Friday, hitting $15.88. 17,996,076 shares of the company traded hands, compared to its average volume of 40,375,148. Snap Inc has a 1 year low of $4.82 and a 1 year high of $18.36. The stock has a market capitalization of $23.45 billion, a price-to-earnings ratio of -16.37 and a beta of 1.10. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $15.81 and a two-hundred day moving average of $12.32.



Snap (NYSE:SNAP) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.02. The firm had revenue of $388.02 million during the quarter, compared to the consensus estimate of $358.16 million. Snap had a negative return on equity of 46.46% and a negative net margin of 77.54%. The business’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.14) EPS. As a group, research analysts anticipate that Snap Inc will post -0.71 EPS for the current year.

In other Snap news, Director Joanna Coles sold 5,631 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $17.00, for a total value of $95,727.00. Following the transaction, the director now directly owns 77,893 shares of the company’s stock, valued at approximately $1,324,181. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jerry James Hunter sold 107,370 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $11.32, for a total value of $1,215,428.40. Following the completion of the transaction, the vice president now directly owns 1,918,693 shares in the company, valued at $21,719,604.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,491,508 shares of company stock valued at $85,282,074.

Several research analysts have recently issued reports on SNAP shares. Stifel Nicolaus cut Snap from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $20.00 price target on shares of Snap in a research note on Wednesday, July 24th. Wedbush increased their price target on Snap from $12.25 to $14.75 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Vertical Group cut Snap from a “mixed” rating to a “negative” rating in a research note on Thursday, April 18th. Finally, SunTrust Banks upped their price objective on Snap from $11.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twelve have assigned a buy rating to the stock. Snap has an average rating of “Hold” and a consensus price target of $14.88.

About Snap

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.

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Institutional Ownership by Quarter for Snap (NYSE:SNAP)

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