Kiley Juergens Wealth Management LLC Takes Position in Snap Inc. (NYSE:SNAP)

Kiley Juergens Wealth Management LLC bought a new position in Snap Inc. (NYSE:SNAP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,811 shares of the company’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James & Associates increased its stake in Snap by 16.8% in the 4th quarter. Raymond James & Associates now owns 55,660 shares of the company’s stock worth $942,000 after purchasing an additional 7,991 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Snap by 77.1% in the 4th quarter. International Assets Investment Management LLC now owns 11,970 shares of the company’s stock valued at $203,000 after acquiring an additional 5,213 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Snap by 609.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 336,658 shares of the company’s stock worth $5,700,000 after purchasing an additional 289,195 shares during the period. Harvest Fund Management Co. Ltd grew its position in Snap by 3,121.5% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 6,604 shares of the company’s stock worth $112,000 after purchasing an additional 6,399 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in Snap during the 4th quarter valued at $251,000. 47.52% of the stock is owned by institutional investors and hedge funds.

Snap Stock Performance

SNAP traded down $0.23 during midday trading on Thursday, reaching $9.25. The company’s stock had a trading volume of 19,786,739 shares, compared to its average volume of 27,895,418. Snap Inc. has a twelve month low of $8.28 and a twelve month high of $17.90. The stock has a market cap of $15.35 billion, a P/E ratio of -11.42 and a beta of 1.03. The company has a fifty day simple moving average of $13.47 and a 200 day simple moving average of $13.16. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.74.

Insider Transactions at Snap

In other Snap news, Director Joanna Coles sold 3,950 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $15.17, for a total value of $59,921.50. Following the completion of the sale, the director now directly owns 46,492 shares of the company’s stock, valued at approximately $705,283.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Elizabeth Jenkins sold 9,965 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $9.19, for a total value of $91,578.35. Following the completion of the transaction, the director now directly owns 40,406 shares in the company, valued at $371,331.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joanna Coles sold 3,950 shares of Snap stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $15.17, for a total transaction of $59,921.50. Following the sale, the director now owns 46,492 shares in the company, valued at approximately $705,283.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,356,370 shares of company stock worth $12,254,383. Insiders own 22.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Snap from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Snap from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wolfe Research began coverage on shares of Snap in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Raymond James reiterated an “outperform” rating and issued a $16.00 target price (up previously from $15.00) on shares of Snap in a research report on Friday, April 26th. Finally, HSBC lowered shares of Snap from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Snap currently has a consensus rating of “Hold” and a consensus price target of $14.10.

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.