Swedbank AB Reduces Stock Position in Snap Inc. $SNAP

Swedbank AB reduced its holdings in Snap Inc. (NYSE:SNAP) by 3.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 162,481 shares of the company’s stock after selling 4,950 shares during the period. Swedbank AB’s holdings in Snap were worth $1,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. NBC Securities Inc. boosted its stake in shares of Snap by 154,650.0% during the 1st quarter. NBC Securities Inc. now owns 3,095 shares of the company’s stock worth $26,000 after purchasing an additional 3,093 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of Snap during the 4th quarter worth about $30,000. Rakuten Securities Inc. boosted its stake in shares of Snap by 155.4% during the 1st quarter. Rakuten Securities Inc. now owns 3,489 shares of the company’s stock worth $30,000 after purchasing an additional 2,123 shares during the period. Quarry LP purchased a new position in shares of Snap during the 1st quarter worth about $34,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Snap during the 1st quarter worth about $35,000. 47.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. TD Cowen lifted their price target on shares of Snap from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, July 15th. Evercore ISI lifted their price target on shares of Snap from $11.00 to $12.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 6th. Piper Sandler dropped their price target on shares of Snap from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Zacks Research cut shares of Snap from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Finally, JMP Securities reissued a “market perform” rating on shares of Snap in a research report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.16.

Insider Activity at Snap

In other Snap news, insider Ajit Mohan sold 184,287 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $7.18, for a total transaction of $1,323,180.66. Following the sale, the insider owned 5,492,006 shares of the company’s stock, valued at approximately $39,432,603.08. The trade was a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Michael J. O’sullivan sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $7.16, for a total transaction of $171,840.00. Following the sale, the general counsel directly owned 525,254 shares in the company, valued at approximately $3,760,818.64. This represents a 4.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,432,275 shares of company stock worth $11,058,360 in the last 90 days.

Snap Trading Up 3.9%

NYSE SNAP opened at $7.75 on Wednesday. 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 firm has a market cap of $13.10 billion, a PE ratio of -24.22 and a beta of 0.62. The company has a 50 day moving average price of $8.19 and a 200 day moving average price of $8.43. Snap Inc. has a 52 week low of $6.90 and a 52 week high of $13.28.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, hitting the consensus estimate of ($0.16). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Snap had a negative net margin of 9.69% and a negative return on equity of 23.32%. Snap’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.15) EPS. Snap has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast 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.