Robeco Institutional Asset Management B.V. Has $1.56 Million Holdings in Snap Inc. (NYSE:SNAP)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Snap Inc. (NYSE:SNAP) by 20.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 144,573 shares of the company’s stock after selling 37,765 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Snap were worth $1,557,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Snap during the third quarter worth approximately $29,000. Paladin Wealth LLC acquired a new position in Snap during the third quarter worth approximately $30,000. Advisors Asset Management Inc. increased 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 worth $30,000 after buying an additional 1,632 shares during the last quarter. Brooklyn Investment Group acquired a new position in Snap during the third quarter worth approximately $41,000. Finally, Blue Trust Inc. increased its position in Snap by 136.3% during the fourth quarter. Blue Trust Inc. now owns 4,529 shares of the company’s stock worth $48,000 after buying an additional 2,612 shares during the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SNAP shares. Evercore ISI boosted their price objective on Snap from $12.00 to $15.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. B. Riley boosted their price objective on Snap from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on Snap from $12.00 to $13.50 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus reduced their price objective on Snap from $13.00 to $11.00 and set a “hold” rating for the company in a report on Monday, October 14th. Finally, Wells Fargo & Company boosted their price objective on Snap from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, twenty-two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Snap presently has a consensus rating of “Hold” and a consensus target price of $36.99.

Insider Transactions at Snap

In other news, CFO Derek Andersen sold 94,164 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.44, for a total transaction of $1,077,236.16. Following the completion of the transaction, the chief financial officer now directly owns 2,193,806 shares in the company, valued at approximately $25,097,140.64. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Michael J. O’sullivan sold 12,315 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.54, for a total value of $129,800.10. Following the completion of the sale, the general counsel now owns 1,195,567 shares of the company’s stock, valued at $12,601,276.18. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 445,184 shares of company stock worth $4,968,189. Corporate insiders own 22.68% of the company’s stock.

Snap Stock Down 1.0 %

NYSE SNAP opened at $11.18 on Tuesday. The business has a fifty day moving average price of $11.52 and a two-hundred day moving average price of $10.91. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.04 and a quick ratio of 4.04. Snap Inc. has a fifty-two week low of $8.29 and a fifty-two week high of $17.50. The stock has a market capitalization of $18.74 billion, a PE ratio of -19.27 and a beta of 0.98.

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.