Compagnie Lombard Odier SCmA Has $1.98 Million Stake in Snap Inc. $SNAP

Key Points

• Compagnie Lombard Odier SCmA reduced its stake in Snap Inc. by 17.9%, selling 49,690 shares, leaving it with a total holding of 227,910 shares valued at $1.98 million.
• Several institutional investors increased their stakes in Snap, with Farther Finance Advisors LLC leading with a 645.9% increase in the second quarter.
• Snap's stock has seen a target price increase from $6.50 to $8.50 by Morgan Stanley, while the overall consensus rating remains a "Hold" with an average target of $35.84.

Compagnie Lombard Odier SCmA trimmed its holdings in shares of Snap Inc. (NYSE:SNAP - Free Report) by 17.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,910 shares of the company's stock after selling 49,690 shares during the period. Compagnie Lombard Odier SCmA's holdings in Snap were worth $1,981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SNAP. Farther Finance Advisors LLC increased its stake in shares of Snap by 645.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 13,217 shares of the company's stock valued at $115,000 after buying an additional 11,445 shares during the period. IFM Investors Pty Ltd increased its stake in shares of Snap by 4.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 213,264 shares of the company's stock valued at $1,853,000 after buying an additional 9,833 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in shares of Snap by 5.7% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 392,100 shares of the company's stock valued at $3,407,000 after buying an additional 21,100 shares during the period. Baader Bank Aktiengesellschaft increased its stake in shares of Snap by 24.3% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 253,303 shares of the company's stock valued at $2,190,000 after buying an additional 49,543 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Snap by 114.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 189,547 shares of the company's stock valued at $1,647,000 after buying an additional 101,126 shares during the period. 47.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Elizabeth Jenkins sold 7,900 shares of the business's stock in a transaction dated 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 in the company, valued at $464,237.41. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Michael J. O'sullivan sold 14,290 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.58, for a total value of $108,318.20. Following the sale, the general counsel owned 1,939,064 shares in the company, valued at $14,698,105.12. The trade was a 0.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,510,532 shares of company stock valued at $11,650,269.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SNAP. Morgan Stanley lifted their target price on Snap from $6.50 to $8.50 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Zacks Research cut Snap from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Evercore ISI lifted their target price on Snap from $11.00 to $12.00 and gave the company an "in-line" rating in a research note on Wednesday, August 6th. Citigroup cut Snap from an "outperform" rating to a "negative" rating in a research note on Tuesday, July 15th. Finally, Truist Financial decreased their price objective on Snap from $11.00 to $10.00 and set a "hold" rating for the company in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $35.84.

Snap Stock Performance

Shares of Snap stock opened at $8.54 on Tuesday. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of -26.67 and a beta of 0.62. The stock's 50-day moving average is $8.11 and its 200-day moving average is $8.38. Snap Inc. has a one year low of $6.90 and a one year high of $13.28. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88.

Snap (NYSE:SNAP - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, meeting analysts' consensus estimates of ($0.16). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.15) earnings per share. Snap has set its Q3 2025 guidance at EPS. Equities analysts predict 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.

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