WINTON GROUP Ltd Has $311,000 Holdings in Snap Inc. (NYSE:SNAP)

WINTON GROUP Ltd lessened its position in Snap Inc. (NYSE:SNAP) by 83.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,713 shares of the company’s stock after selling 97,583 shares during the quarter. WINTON GROUP Ltd’s holdings in Snap were worth $311,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SNAP. Blue Trust Inc. raised its holdings 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 acquiring an additional 1,682 shares during the period. Rothschild Investment LLC acquired a new stake in Snap in the 2nd quarter worth $40,000. J.Safra Asset Management Corp grew its position in Snap by 534.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,766 shares of the company’s stock worth $46,000 after purchasing an additional 2,330 shares during the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in Snap in the 1st quarter worth $100,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Snap in the 4th quarter worth $108,000. Institutional investors own 47.52% of the company’s stock.

Analyst Upgrades and Downgrades

SNAP has been the topic of several research analyst reports. Barclays decreased their price target on shares of Snap from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Roth Mkm reiterated a “neutral” rating and set a $14.00 target price on shares of Snap in a research report on Wednesday. The Goldman Sachs Group reduced their price target on shares of Snap from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Citigroup reduced their price target on shares of Snap from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Truist Financial reduced their price target on shares of Snap from $16.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.87.

Insiders Place Their Bets

In other news, SVP Eric Young sold 114,097 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $9.11, for a total transaction of $1,039,423.67. Following the completion of the transaction, the senior vice president now directly owns 3,041,723 shares in the company, valued at $27,710,096.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Derek Andersen sold 97,608 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $9.29, for a total value of $906,778.32. Following the transaction, the chief financial officer now owns 2,287,970 shares of the company’s stock, valued at $21,255,241.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eric Young sold 114,097 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $9.11, for a total value of $1,039,423.67. Following the completion of the transaction, the senior vice president now directly owns 3,041,723 shares in the company, valued at approximately $27,710,096.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,511,540 shares of company stock worth $13,569,906. 22.68% of the stock is owned by corporate insiders.

Snap Price Performance

Shares of NYSE:SNAP opened at $9.67 on Thursday. Snap Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $17.90. The company’s 50-day moving average is $10.82 and its 200 day moving average is $12.83. The company has a market capitalization of $15.87 billion, a P/E ratio of -11.94 and a beta of 1.01. The company has a debt-to-equity ratio of 1.74, a quick ratio of 3.98 and a current ratio of 3.98.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.25 billion. Snap had a negative return on equity of 42.84% and a negative net margin of 23.49%. On average, equities research analysts forecast that Snap Inc. will post -0.48 earnings per share 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.