Baader Bank Aktiengesellschaft Increases Stock Position in Snap Inc. $SNAP

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Snap Inc. by 24.3%, acquiring 253,303 shares, which are now valued at approximately $2.19 million.
• Wall Street analysts have mixed opinions on Snap, with price targets ranging from $9.00 to $10.00 and a consensus rating of "Hold".
• Snap's recent quarterly earnings revealed a revenue of $1.34 billion but reported an EPS of ($0.16), aligning with analyst expectations.

Baader Bank Aktiengesellschaft boosted its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 24.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 253,303 shares of the company's stock after purchasing an additional 49,543 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Snap were worth $2,190,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Snap by 6.7% during the first quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company's stock valued at $953,601,000 after purchasing an additional 6,921,841 shares during the period. AQR Capital Management LLC grew 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 valued at $95,549,000 after purchasing an additional 5,930,766 shares during the period. Deutsche Bank AG grew its holdings in Snap by 5.5% during the first quarter. Deutsche Bank AG now owns 9,526,590 shares of the company's stock valued at $82,977,000 after purchasing an additional 499,395 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Snap by 13.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,075,318 shares of the company's stock valued at $76,201,000 after purchasing an additional 828,285 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Snap by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,925,956 shares of the company's stock valued at $60,325,000 after purchasing an additional 324,784 shares during the period. Institutional investors and hedge funds own 47.52% of the company's stock.

Insider Buying and Selling at Snap

In other Snap news, CTO Robert C. Murphy sold 1,000,000 shares of Snap stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $7.80, for a total transaction of $7,800,000.00. Following the transaction, the chief technology officer directly owned 53,215,224 shares of the company's stock, valued at approximately $415,078,747.20. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Michael J. O'sullivan sold 68,705 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.18, for a total transaction of $493,301.90. Following the completion of the transaction, the general counsel owned 2,015,624 shares in the company, valued at $14,472,180.32. This represents a 3.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,510,532 shares of company stock valued at $11,650,269. 22.68% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Snap from $6.50 to $8.50 and gave the company an "equal weight" rating in a report on Monday, July 21st. Citizens Jmp restated a "market perform" rating on shares of Snap in a research note on Wednesday, August 6th. BMO Capital Markets reduced their price target on shares of Snap from $13.00 to $12.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. TD Cowen raised their price target on shares of Snap from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Tuesday, July 15th. Finally, Zacks Research lowered shares of Snap from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Four analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $35.84.

Snap Stock Performance

NYSE SNAP traded down $0.27 during trading on Friday, hitting $8.17. 194,479,450 shares of the company's stock traded hands, compared to its average volume of 91,351,576. The business has a 50 day moving average of $8.13 and a 200-day moving average of $8.39. Snap Inc. has a 12-month low of $6.90 and a 12-month high of $13.28. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of -25.53 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88.

Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share for the quarter, meeting the consensus estimate of ($0.16). The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.34 billion. Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The company's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.15) earnings per share. Snap has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

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.