Snap Inc (SNAP) Shares Sold by Fmr LLC
Fmr LLC lessened its position in Snap Inc (NYSE:SNAP) by 13.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,543,606 shares of the company’s stock after selling 3,425,276 shares during the quarter. Fmr LLC’s holdings in Snap were worth $182,689,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in shares of Snap by 947.8% in the 3rd quarter. SG Americas Securities LLC now owns 607,056 shares of the company’s stock valued at $5,148,000 after acquiring an additional 549,120 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Snap by 23.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 67,949 shares of the company’s stock valued at $889,000 after acquiring an additional 12,765 shares during the last quarter. Vident Investment Advisory LLC increased its holdings in shares of Snap by 85.6% in the 2nd quarter. Vident Investment Advisory LLC now owns 123,186 shares of the company’s stock valued at $1,613,000 after acquiring an additional 56,831 shares during the last quarter. City Financial Investment Co Ltd acquired a new stake in shares of Snap in the 2nd quarter valued at about $2,618,000. Finally, HRT Financial LLC acquired a new stake in shares of Snap in the 2nd quarter valued at about $207,000. Hedge funds and other institutional investors own 23.93% of the company’s stock.
In related news, VP Jerry James Hunter sold 97,656 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $6.42, for a total value of $626,951.52. Following the completion of the transaction, the vice president now directly owns 1,767,834 shares of the company’s stock, valued at approximately $11,349,494.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy R. Stone sold 8,619 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $9.29, for a total value of $80,070.51. Following the completion of the transaction, the chief financial officer now directly owns 1,224,343 shares of the company’s stock, valued at $11,374,146.47. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,224,747 shares of company stock valued at $15,082,625.
Shares of SNAP stock opened at $5.97 on Friday. The company has a market cap of $8.02 billion, a PE ratio of -2.87 and a beta of -0.46. Snap Inc has a 12-month low of $5.77 and a 12-month high of $21.22.
Snap (NYSE:SNAP) last issued its earnings results on Thursday, October 25th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.05. The business had revenue of $297.70 million during the quarter, compared to the consensus estimate of $283.54 million. Snap had a negative return on equity of 49.42% and a negative net margin of 131.39%. As a group, research analysts anticipate that Snap Inc will post -1.01 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: “Snap Inc (SNAP) Shares Sold by Fmr LLC” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.watchlistnews.com/snap-inc-snap-shares-sold-by-fmr-llc/2667130.html.
Snap Company Profile
Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows to creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps to surface the most interesting stories from publishers, creators, and the community, based on a user's subscriptions and interests.
Recommended Story: How to Calculate Compound Annual Growth Rate (CAGR)
Want to see what other hedge funds are holding SNAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap Inc (NYSE:SNAP).
Receive News & Ratings for Snap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap and related companies with MarketBeat.com's FREE daily email newsletter.