Caitong International Asset Management Co. Ltd Purchases 20,873 Shares of Snap Inc. $SNAP

Caitong International Asset Management Co. Ltd increased its position in Snap Inc. (NYSE:SNAP) by 6,482.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,195 shares of the company’s stock after purchasing an additional 20,873 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Snap were worth $184,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC increased its stake in Snap by 169.9% in the second quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock valued at $26,000 after acquiring an additional 1,852 shares during the period. Quarry LP acquired a new stake in shares of Snap in the 1st quarter valued at $34,000. Itau Unibanco Holding S.A. bought a new stake in shares of Snap in the 1st quarter worth about $35,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Snap during the 1st quarter worth about $44,000. Finally, Olde Wealth Management LLC bought a new position in Snap during the 1st quarter valued at about $52,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

Snap Trading Up 1.5%

NYSE SNAP opened at $7.89 on Friday. The company has a market capitalization of $13.32 billion, a PE ratio of -24.64 and a beta of 0.71. The stock has a 50-day simple moving average of $7.69 and a 200 day simple moving average of $8.26. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.73. Snap Inc. has a 12 month low of $6.90 and a 12 month high of $13.28.

Snap (NYSE:SNAP) last announced its 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 net margin of 9.69% and a negative return on equity of 23.32%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the business earned ($0.15) EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Snap has set its Q3 2025 guidance at EPS. Research analysts forecast that Snap Inc. will post -0.3 EPS for the current year.

Insider Transactions at Snap

In other news, Director Elizabeth Jenkins sold 7,900 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $55,853.00. Following the completion of the sale, the director directly owned 65,663 shares in the company, valued at approximately $464,237.41. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Derek Andersen sold 33,871 shares of Snap stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $7.56, for a total transaction of $256,064.76. Following the sale, the chief financial officer owned 3,109,581 shares in the company, valued at approximately $23,508,432.36. This represents a 1.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,510,569 shares of company stock valued at $11,585,883. 22.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on SNAP. Bank of America decreased their price objective on shares of Snap from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Guggenheim restated a “neutral” rating and set a $8.00 price target on shares of Snap in a research report on Friday, September 12th. UBS Group dropped their price target on Snap from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Rosenblatt Securities cut their price objective on Snap from $9.00 to $8.70 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Finally, Citizens Jmp restated a “market perform” rating on shares of Snap in a report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Snap currently has an average rating of “Hold” and an average target price of $34.63.

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.