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

Compagnie Lombard Odier SCmA lifted its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 62.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 277,600 shares of the company's stock after acquiring an additional 106,926 shares during the period. Compagnie Lombard Odier SCmA's holdings in Snap were worth $2,418,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. NBC Securities Inc. raised its holdings in Snap by 154,650.0% during the 1st quarter. NBC Securities Inc. now owns 3,095 shares of the company's stock worth $26,000 after buying an additional 3,093 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in Snap during the 4th quarter valued at $27,000. Raiffeisen Bank International AG purchased a new stake in shares of Snap in the fourth quarter valued at $30,000. Osterweis Capital Management Inc. purchased a new position in shares of Snap during the fourth quarter valued at $43,000. Finally, Blue Trust Inc. raised its position in Snap by 128.0% during the fourth quarter. Blue Trust Inc. now owns 4,370 shares of the company's stock valued at $47,000 after buying an additional 2,453 shares during the period. 47.52% of the stock is currently owned by institutional investors.

Snap Trading Down 3.0%

NYSE:SNAP traded down $0.26 on Thursday, reaching $8.31. 29,956,303 shares of the stock traded hands, compared to its average volume of 29,395,629. Snap Inc. has a 1-year low of $7.08 and a 1-year high of $17.33. The company's 50 day moving average is $8.30 and its 200-day moving average is $9.85. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of -19.79 and a beta of 0.59. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47.

Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings data 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). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the company earned $0.03 EPS. Snap's revenue for the quarter was up 14.1% compared to the same quarter last year. Equities research analysts anticipate that Snap Inc. will post -0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SNAP shares. Guggenheim reiterated a "neutral" rating on shares of Snap in a report on Wednesday, April 2nd. UBS Group cut their target price on Snap from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Rosenblatt Securities decreased their price target on Snap from $12.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Truist Financial dropped their price target on Snap from $14.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their price objective on Snap from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, twenty-three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Snap presently has an average rating of "Hold" and an average target price of $35.62.

Insider Buying and Selling at Snap

In related news, CFO Derek Andersen sold 208,525 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $9.03, for a total transaction of $1,882,980.75. Following the completion of the sale, the chief financial officer now owns 3,299,372 shares in the company, valued at approximately $29,793,329.16. This represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Rebecca Morrow sold 9,202 shares of the company's stock in a transaction on Friday, May 16th. The stock was 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 of the company's stock, valued at approximately $3,855,887.79. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,634,313 shares of company stock valued at $13,541,690. Company insiders own 22.68% of the company's stock.

Snap Company 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.