Banco Bilbao Vizcaya Argentaria S.A. Sells 132,423 Shares of Snap Inc. $SNAP

Banco Bilbao Vizcaya Argentaria S.A. reduced its holdings in shares of Snap Inc. (NYSE:SNAP) by 31.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 284,214 shares of the company’s stock after selling 132,423 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Snap were worth $2,459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Candriam S.C.A. lifted its position in Snap by 6.2% during the second quarter. Candriam S.C.A. now owns 61,076 shares of the company’s stock worth $531,000 after acquiring an additional 3,563 shares during the last quarter. Quinn Opportunity Partners LLC lifted its holdings in shares of Snap by 71.2% during the second quarter. Quinn Opportunity Partners LLC now owns 949,560 shares of the company’s stock worth $8,252,000 after purchasing an additional 395,000 shares during the period. Westbourne Investment Advisors Inc. raised its holdings in shares of Snap by 3.9% during the second quarter. Westbourne Investment Advisors Inc. now owns 380,687 shares of the company’s stock valued at $3,308,000 after purchasing an additional 14,174 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Snap by 19.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,456,073 shares of the company’s stock worth $12,653,000 after buying an additional 237,856 shares during the last quarter. Finally, Prospera Financial Services Inc purchased a new stake in Snap in the 2nd quarter valued at $102,000. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Snap Stock Down 0.6%

SNAP opened at $8.53 on Monday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.67 and a current ratio of 3.67. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of -29.42 and a beta of 0.89. Snap Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $13.28. The company has a fifty day moving average of $7.99 and a two-hundred day moving average of $8.26.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). Snap had a negative net margin of 8.60% and a negative return on equity of 21.61%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company earned ($0.09) EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Snap has set its Q4 2025 guidance at EPS. On average, research analysts expect that Snap Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Snap

In other Snap news, CFO Derek Andersen sold 33,871 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $7.56, for a total value of $256,064.76. Following the completion of the sale, the chief financial officer owned 3,109,581 shares in the company, valued at approximately $23,508,432.36. The trade was a 1.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth Jenkins sold 7,900 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $7.07, for a total value of $55,853.00. Following the sale, the director directly owned 65,663 shares of the company’s stock, valued at $464,237.41. The trade was a 10.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,186,395 shares of company stock worth $9,414,865.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SNAP. Weiss Ratings reiterated a “sell (e+)” rating on shares of Snap in a research note on Wednesday, October 8th. Cantor Fitzgerald raised their price objective on shares of Snap from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Stifel Nicolaus set a $7.00 price target on shares of Snap in a report on Thursday, November 6th. Sanford C. Bernstein raised their target price on Snap from $9.00 to $10.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 22nd. Finally, Piper Sandler upped their target price on shares of Snap from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.06.

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.