Vontobel Holding Ltd. Has $2.56 Million Holdings in Snap Inc. $SNAP

Vontobel Holding Ltd. lowered its holdings in Snap Inc. (NYSE:SNAP) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,368 shares of the company’s stock after selling 7,415 shares during the period. Vontobel Holding Ltd.’s holdings in Snap were worth $2,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SNAP. Vanguard Group Inc. boosted its stake 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 last quarter. AQR Capital Management LLC raised its holdings in Snap by 110.4% during the first quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company’s stock worth $95,549,000 after acquiring an additional 5,930,766 shares in the last quarter. Deutsche Bank AG increased 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 purchasing an additional 499,395 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 purchasing an additional 324,784 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Snap by 38.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,777,523 shares of the company’s stock worth $41,612,000 after purchasing an additional 1,336,264 shares during the last quarter. Institutional investors own 47.52% of the company’s stock.

Snap Trading Down 7.0%

SNAP opened at $7.79 on Friday. Snap Inc. has a twelve month low of $6.90 and a twelve month high of $13.28. The company has a 50-day simple moving average of $7.69 and a 200 day simple moving average of $8.30. 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 stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of -24.34 and a beta of 0.71.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) earnings per share for the quarter, hitting the consensus estimate of ($0.16). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.15) earnings per share. Snap has set its Q3 2025 guidance at EPS. Analysts predict that Snap Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SNAP has been the subject of several analyst reports. BMO Capital Markets decreased their target price on shares of Snap from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, August 6th. Evercore ISI increased their price target on shares of Snap from $11.00 to $12.00 and gave the company an “in-line” rating in a research note on Wednesday, August 6th. Sanford C. Bernstein increased their price target on shares of Snap from $9.00 to $10.00 and gave the company a “market perform” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company upped their target price on shares of Snap from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Rosenblatt Securities dropped their target price on shares of Snap from $9.00 to $8.70 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Four equities research 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.65.

Insider Activity

In other Snap news, General Counsel Michael J. O’sullivan sold 68,705 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $14,472,180.32. This trade represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Derek Andersen sold 60,966 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $7.17, for a total value of $437,126.22. Following the sale, the chief financial officer owned 3,143,452 shares of the company’s stock, valued at approximately $22,538,550.84. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,510,532 shares of company stock valued at $11,629,869. 22.68% of the stock is owned by insiders.

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.