California State Teachers Retirement System grew its holdings in Snap Inc. (NYSE:SNAP – Free Report) by 7.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,534,341 shares of the company’s stock after buying an additional 103,755 shares during the period. California State Teachers Retirement System owned 0.09% of Snap worth $17,614,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Raymond James & Associates raised its holdings in shares of Snap by 16.8% during the 4th quarter. Raymond James & Associates now owns 55,660 shares of the company’s stock worth $942,000 after acquiring an additional 7,991 shares during the period. Arizona State Retirement System raised its position in Snap by 38.7% in the fourth quarter. Arizona State Retirement System now owns 384,502 shares of the company’s stock valued at $6,510,000 after purchasing an additional 107,325 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Snap by 77.1% during the 4th quarter. International Assets Investment Management LLC now owns 11,970 shares of the company’s stock worth $203,000 after purchasing an additional 5,213 shares during the period. Sowell Financial Services LLC increased its position in shares of Snap by 3.3% during the 4th quarter. Sowell Financial Services LLC now owns 23,139 shares of the company’s stock worth $392,000 after purchasing an additional 729 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Snap by 161.6% during the fourth quarter. Allworth Financial LP now owns 2,765 shares of the company’s stock valued at $47,000 after acquiring an additional 1,708 shares during the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.
Snap Trading Down 18.7 %
NYSE SNAP opened at $10.41 on Friday. The firm’s fifty day moving average is $15.33 and its two-hundred day moving average is $13.91. Snap Inc. has a one year low of $8.28 and a one year high of $17.90. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.76 and a current ratio of 3.76. The firm has a market cap of $17.08 billion, a PE ratio of -12.85 and a beta of 1.03.
Insider Buying and Selling
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. Roth Mkm reiterated a “neutral” rating and set a $14.00 price target on shares of Snap in a research note on Tuesday, April 23rd. Raymond James reissued an “outperform” rating and set a $16.00 price objective (up from $15.00) on shares of Snap in a research report on Friday, April 26th. Susquehanna decreased their price target on shares of Snap from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday. Stifel Nicolaus increased their price objective on shares of Snap from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, Barclays lifted their price objective on shares of Snap from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.93.
Get Our Latest Stock Report on Snap
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.
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