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Snapchat now lets you call an Uber and make dinner reservations

12 October 2017

This has been revealed in analysts report on Wednesday morning.

Recently, In a note sent to clients and investors on Wednesday morning, Snap Chat (NYSE:SNAP) shares have had their Outperform Rating reaffirmed by research analysts at Credit Suisse, who now has a $20.00 TP on firm.

Ju notes that ad CPMs are likely stabilizing on the messaging platform, after several months of declines amid steep competition from Facebook and Instagram. Analysts anticipate that Snap will post ($0.58) EPS for the current fiscal year. For Snapchat's parent company Snap Inc., the Context Cards open another possible revenue stream from retailers and other businesses that are seeking alternatives to driving foot traffic outside of mapping apps, social media and the search engines that dominate digital advertising. Year-to-date, SNAP has declined -41.42%, versus a 15.53% rise in the benchmark S&P 500 index during the same period. Bank of New York Mellon Corp acquired a new stake in Snap during the first quarter valued at about $525,000. Harel Insurance Investments & Financial Services Ltd. now owns 7,540 shares of the company's stock valued at $134,000 after purchasing an additional 6,540 shares in the last quarter. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The shares were sold at an average price of $12.50, for a total value of $2,438,750.00. Also, insider Imran Khan sold 150,000 shares of Snap stock in a transaction on Monday, August 14th. Finally, Geneva Advisors LLC acquired a new stake in Snap during the first quarter valued at about $406,000. The disclosure for this sale can be found here. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Snap by 2,592.8% in the second quarter.

Southwest says aloha to Hawaii
Southwest has typically driven down airfares on the routes it flies, in what is known as the "Southwest Effect ". The airline made the announcement during a company gathering in Southern California.

Want to see what other hedge funds are holding SNAP? Seven Bridges Advisors LLC purchased a new stake in Snap in the 2nd quarter valued at about $101,000. Oppenheimer & Co. Inc. now owns 19,816 shares of the company's stock worth $352,000 after buying an additional 3,447 shares in the last quarter.

Fast forward two months later, Wall Street - understanding the company's metrics better - is now warming up to Snap and willing to look beyond Snap's near-term flaws. The Company's flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. These Stories will contain curated Snaps from the community that have been taken around the places, or imagery from Snapchat's partners.

Snapchat now lets you call an Uber and make dinner reservations