Charles Schwab Investment Management Inc. Increases Stock Position in Snap Inc. $SNAP

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Snap Inc. by 4.9% during the first quarter, now holding approximately 0.41% of the company, valued at $60.3 million.
• Insider trading revealed that General Counsel Michael J. O'Sullivan sold 24,000 shares recently, reducing his holdings by 4.70%, while CTO Robert C. Murphy sold 1,000,000 shares at an average price of $7.80.
• Snap reported its earnings with a net revenue of $1.34 billion for the quarter, which was in line with analysts’ expectations, but they recorded a negative return on equity of 23.32%.

Charles Schwab Investment Management Inc. grew its position in Snap Inc. (NYSE:SNAP - Free Report) by 4.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,925,956 shares of the company's stock after buying an additional 324,784 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.41% of Snap worth $60,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raiffeisen Bank International AG acquired a new position in shares of Snap in the 4th quarter valued at approximately $30,000. NBC Securities Inc. raised its position in shares of Snap by 154,650.0% in the 1st quarter. NBC Securities Inc. now owns 3,095 shares of the company's stock valued at $26,000 after buying an additional 3,093 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of Snap by 155.4% in the 1st quarter. Rakuten Securities Inc. now owns 3,489 shares of the company's stock valued at $30,000 after buying an additional 2,123 shares in the last quarter. State of Wyoming acquired a new position in shares of Snap in the 4th quarter valued at approximately $61,000. Finally, Olde Wealth Management LLC acquired a new position in Snap during the 1st quarter worth approximately $52,000. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SNAP shares. Bank of America lowered their price objective on shares of Snap from $10.00 to $9.50 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Citigroup cut shares of Snap from an "outperform" rating to a "negative" rating in a research report on Tuesday, July 15th. Guggenheim lowered their price objective on shares of Snap from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Canaccord Genuity Group lowered their price objective on shares of Snap from $10.00 to $9.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their price objective on shares of Snap from $11.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Five analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $34.16.

Snap Trading Down 1.8%

SNAP traded down $0.1350 during trading on Tuesday, reaching $7.2050. 30,659,953 shares of the company's stock were exchanged, compared to its average volume of 36,759,801. Snap Inc. has a one year low of $7.06 and a one year high of $13.28. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $12.18 billion, a PE ratio of -22.52 and a beta of 0.62. The firm has a fifty day moving average price of $8.76 and a two-hundred day moving average price of $8.92.

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

Insider Activity

In other Snap news, CFO Derek Andersen sold 33,886 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $8.04, for a total transaction of $272,443.44. Following the transaction, the chief financial officer owned 3,204,418 shares in the company, valued at approximately $25,763,520.72. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ajit Mohan sold 28,201 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $9.40, for a total transaction of $265,089.40. Following the transaction, the insider owned 5,676,293 shares in the company, valued at approximately $53,357,154.20. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,202,570 shares of company stock valued at $9,525,096.

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.