BI Asset Management Fondsmaeglerselskab A S Has $906,000 Stake in Snap Inc. (NYSE:SNAP)

BI Asset Management Fondsmaeglerselskab A S decreased its position in Snap Inc. (NYSE:SNAP) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,486 shares of the company’s stock after selling 5,339 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Snap were worth $906,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SNAP. Vanguard Group Inc. boosted its holdings in shares of Snap by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 91,814,471 shares of the company’s stock valued at $818,067,000 after purchasing an additional 1,352,655 shares in the last quarter. Jump Financial LLC raised its position in Snap by 565.4% during the 3rd quarter. Jump Financial LLC now owns 262,952 shares of the company’s stock worth $2,343,000 after purchasing an additional 223,432 shares during the last quarter. Allworth Financial LP raised its position in Snap by 161.6% during the 4th quarter. Allworth Financial LP now owns 2,765 shares of the company’s stock worth $47,000 after purchasing an additional 1,708 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in Snap during the 3rd quarter worth $423,000. Finally, Korea Investment CORP raised its position in Snap by 191.7% during the 3rd quarter. Korea Investment CORP now owns 415,635 shares of the company’s stock worth $3,703,000 after purchasing an additional 273,156 shares during the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Susquehanna raised their target price on Snap from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Morgan Stanley lifted their price objective on Snap from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, April 26th. Roth Mkm reissued a “neutral” rating and issued a $14.00 price objective on shares of Snap in a research report on Tuesday, April 23rd. Stifel Nicolaus lifted their price objective on Snap from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, Canaccord Genuity Group lifted their price objective on Snap from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Snap has an average rating of “Hold” and a consensus price target of $14.79.

Insiders Place Their Bets

In other news, SVP Eric Young sold 115,915 shares of Snap stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $15.91, for a total transaction of $1,844,207.65. Following the transaction, the senior vice president now owns 3,292,657 shares in the company, valued at approximately $52,386,172.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Rebecca Morrow sold 8,913 shares of Snap stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $15.91, for a total transaction of $141,805.83. Following the transaction, the chief accounting officer now owns 483,743 shares in the company, valued at approximately $7,696,351.13. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Eric Young sold 115,915 shares of Snap stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $15.91, for a total transaction of $1,844,207.65. Following the transaction, the senior vice president now owns 3,292,657 shares in the company, valued at approximately $52,386,172.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,509,829 shares of company stock valued at $21,263,829. Company insiders own 22.68% of the company’s stock.

Snap Price Performance

Shares of SNAP opened at $15.91 on Thursday. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 1.55. Snap Inc. has a twelve month low of $8.28 and a twelve month high of $17.90. The company has a market capitalization of $26.11 billion, a P/E ratio of -19.64 and a beta of 1.02. The firm has a 50 day moving average of $12.98 and a 200 day moving average of $13.68.

Snap (NYSE:SNAP) last posted its earnings results on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.10. Snap had a negative net margin of 26.99% and a negative return on equity of 46.62%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.12 billion. As a group, equities research analysts anticipate that Snap Inc. will post -0.44 earnings per share for the current fiscal 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.