Invesco Ltd. Sells 10,892,435 Shares of Snap Inc. $SNAP

Invesco Ltd. reduced its stake in shares of Snap Inc. (NYSE:SNAP) by 92.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 836,217 shares of the company’s stock after selling 10,892,435 shares during the quarter. Invesco Ltd.’s holdings in Snap were worth $7,283,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Snap by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company’s stock worth $953,601,000 after buying an additional 6,921,841 shares during the period. Deutsche Bank AG grew its position in shares of Snap by 5.5% during the 1st quarter. Deutsche Bank AG now owns 9,526,590 shares of the company’s stock worth $82,977,000 after buying an additional 499,395 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Snap by 13.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,075,318 shares of the company’s stock worth $76,201,000 after buying an additional 828,285 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Snap by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,925,956 shares of the company’s stock worth $60,325,000 after buying an additional 324,784 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Snap by 121.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 6,848,370 shares of the company’s stock worth $59,649,000 after buying an additional 3,761,629 shares during the period. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Snap

In other news, CTO Robert C. Murphy sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $7.80, for a total transaction of $7,800,000.00. Following the sale, the chief technology officer owned 53,215,224 shares in the company, valued at $415,078,747.20. This represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Michael J. O’sullivan sold 68,705 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.18, for a total value of $493,301.90. Following the sale, the general counsel owned 2,015,624 shares in the company, valued at approximately $14,472,180.32. This represents a 3.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,526,744 shares of company stock worth $11,851,954.

Wall Street Analyst Weigh In

SNAP has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Snap from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. Guggenheim decreased their price objective on Snap from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. BMO Capital Markets decreased their price objective on Snap from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. Citigroup lowered Snap from an “outperform” rating to a “negative” rating in a research report on Tuesday, July 15th. Finally, JMP Securities reiterated a “market perform” rating on shares of Snap in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Snap has a consensus rating of “Hold” and a consensus price target of $34.16.

Snap Trading Up 0.4%

NYSE:SNAP opened at $7.03 on Wednesday. Snap Inc. has a twelve month low of $6.98 and a twelve month high of $13.28. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.73. The business has a 50 day moving average price of $8.61 and a two-hundred day moving average price of $8.78. The company has a market cap of $11.87 billion, a P/E ratio of -21.95 and a beta of 0.62.

Snap (NYSE:SNAP) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.16). Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted ($0.15) EPS. The business’s revenue was up 8.7% on a year-over-year basis. Snap has set its Q3 2025 guidance at EPS. As a group, analysts expect that Snap Inc. will post -0.3 EPS for the current fiscal year.

Snap Company Profile

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.