Compagnie Lombard Odier SCmA Increases Stock Holdings in Snap Inc. (NYSE:SNAP)

Compagnie Lombard Odier SCmA boosted its holdings in Snap Inc. (NYSE:SNAP) by 62.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 277,600 shares of the company’s stock after purchasing an additional 106,926 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Snap were worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SNAP. Checchi Capital Advisers LLC increased its stake in shares of Snap by 3.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 31,126 shares of the company’s stock valued at $335,000 after acquiring an additional 901 shares during the last quarter. Captrust Financial Advisors grew its holdings in Snap by 8.0% in the fourth quarter. Captrust Financial Advisors now owns 13,918 shares of the company’s stock valued at $150,000 after purchasing an additional 1,030 shares during the period. The Manufacturers Life Insurance Company increased its position in Snap by 1.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 61,365 shares of the company’s stock worth $661,000 after purchasing an additional 1,033 shares during the last quarter. Empowered Funds LLC raised its stake in Snap by 3.1% during the fourth quarter. Empowered Funds LLC now owns 35,639 shares of the company’s stock worth $384,000 after purchasing an additional 1,055 shares during the period. Finally, Trajan Wealth LLC raised its stake in Snap by 5.9% during the fourth quarter. Trajan Wealth LLC now owns 20,191 shares of the company’s stock worth $217,000 after purchasing an additional 1,132 shares during the period. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Snap

In other Snap news, CAO Rebecca Morrow sold 9,202 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $8.59, for a total transaction of $79,045.18. Following the completion of the sale, the chief accounting officer now owns 448,881 shares in the company, valued at $3,855,887.79. The trade was a 2.01% decrease in their ownership of the stock. 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 stock in a transaction on Friday, May 30th. The stock was sold at an average price of $8.15, for a total transaction of $195,600.00. Following the sale, the general counsel now directly owns 521,790 shares in the company, valued at $4,252,588.50. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,634,313 shares of company stock valued at $13,541,690. Insiders own 22.68% of the company’s stock.

Snap Trading Up 1.2%

NYSE:SNAP opened at $8.59 on Thursday. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of -20.45 and a beta of 0.59. Snap Inc. has a one year low of $7.08 and a one year high of $17.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The business’s 50-day simple moving average is $8.29 and its 200 day simple moving average is $9.88.

Snap (NYSE:SNAP) last announced its earnings results on Tuesday, April 29th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.12). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 earnings per share. As a group, sell-side analysts predict that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SNAP has been the subject of a number of research analyst reports. Truist Financial dropped their price objective on Snap from $14.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. JMP Securities set a $12.00 price target on Snap in a research note on Friday, April 25th. Loop Capital reduced their price objective on Snap from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, May 16th. JPMorgan Chase & Co. dropped their target price on shares of Snap from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group reduced their price target on shares of Snap from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Snap presently has an average rating of “Hold” and a consensus price target of $35.62.

Snap 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.