Snap Inc. (NYSE:SNAP) Stock Holdings Boosted by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. raised its stake in Snap Inc. (NYSE:SNAP) by 105.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,981,847 shares of the company’s stock after purchasing an additional 4,098,847 shares during the quarter. Snap comprises approximately 20.3% of TB Alternative Assets Ltd.’s holdings, making the stock its biggest holding. TB Alternative Assets Ltd. owned approximately 0.49% of Snap worth $85,406,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in Snap during the third quarter valued at approximately $29,000. Paladin Wealth LLC acquired a new position in shares of Snap during the 3rd quarter valued at $30,000. Hollencrest Capital Management purchased a new stake in Snap during the 2nd quarter worth $33,000. Blue Trust Inc. increased its holdings in Snap by 354.1% in the 2nd quarter. Blue Trust Inc. now owns 2,157 shares of the company’s stock valued at $36,000 after purchasing an additional 1,682 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in Snap in the second quarter valued at about $40,000. 47.52% of the stock is owned by hedge funds and other institutional investors.

Snap Stock Up 0.3 %

Snap stock opened at $10.49 on Monday. The firm has a market capitalization of $17.21 billion, a P/E ratio of -12.95 and a beta of 1.01. The company has a 50-day simple moving average of $9.83 and a 200-day simple moving average of $12.72. Snap Inc. has a one year low of $8.29 and a one year high of $17.90. 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 announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.02. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.25 billion. Snap had a negative net margin of 23.49% and a negative return on equity of 42.84%. As a group, equities analysts expect that Snap Inc. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Citigroup decreased their target price on Snap from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of Snap in a research report on Monday, October 7th. HSBC downgraded shares of Snap from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Susquehanna dropped their target price on Snap from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Roth Mkm reiterated a “neutral” rating and issued a $14.00 price target on shares of Snap in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, twenty-four have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.77.

Insiders Place Their Bets

In other news, General Counsel Michael J. O’sullivan sold 18,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $13.28, for a total transaction of $239,040.00. Following the transaction, the general counsel now directly owns 463,908 shares of the company’s stock, valued at approximately $6,160,698.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Snap news, CFO Derek Andersen sold 97,608 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $9.29, for a total value of $906,778.32. Following the completion of the sale, the chief financial officer now directly owns 2,287,970 shares in the company, valued at $21,255,241.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Michael J. O’sullivan sold 18,000 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $13.28, for a total value of $239,040.00. Following the transaction, the general counsel now directly owns 463,908 shares of the company’s stock, valued at approximately $6,160,698.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,510,352 shares of company stock worth $13,446,353. 22.68% of the stock is owned by company insiders.

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.