Snap Inc. $SNAP Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management trimmed its position in Snap Inc. by 18.7%, selling 1,321,252 shares and now owning 5,754,066 shares valued at approximately $50 million.
• Snap reported a negative EPS of ($0.16) for the quarter ending August 5th, matching consensus estimates, with revenues of $1.34 billion, reflecting an 8.7% year-over-year increase.
• Institutional ownership of Snap stands at 47.52%, with a mix of recent buying activity from firms like NBC Securities and Rakuten Securities, significantly increasing their stakes.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 18.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,754,066 shares of the company's stock after selling 1,321,252 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.34% of Snap worth $50,118,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. raised its position in shares of 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 in the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Snap during the 4th quarter worth about $30,000. Rakuten Securities Inc. raised its position in shares of Snap by 155.4% during the 1st quarter. Rakuten Securities Inc. now owns 3,489 shares of the company's stock worth $30,000 after buying an additional 2,123 shares in the last quarter. Quarry LP bought a new stake in shares of Snap during the 1st quarter worth about $34,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Snap during the 1st quarter worth about $35,000. 47.52% of the stock is owned by institutional investors and hedge funds.

Snap Stock Performance

SNAP stock opened at $7.34 on Monday. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of -22.94 and a beta of 0.62. Snap Inc. has a 12 month low of $6.90 and a 12 month high of $13.28. The firm has a 50 day moving average of $8.25 and a two-hundred day moving average of $8.45.

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

Analyst Ratings Changes

A number of research firms have commented on SNAP. Evercore ISI boosted their price target on shares of Snap from $11.00 to $12.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 6th. TD Cowen boosted their price target on shares of Snap from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Tuesday, July 15th. Citizens Jmp restated a "market perform" rating on shares of Snap in a research report on Wednesday, August 6th. Piper Sandler dropped their price target on shares of Snap from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Finally, Guggenheim reiterated a "neutral" rating and issued a $8.00 target price on shares of Snap in a report on Friday. Five analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $34.16.

Insider Buying and Selling

In related news, Director Elizabeth Jenkins sold 7,900 shares of the company's stock in a transaction on Thursday, August 28th. The shares were 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 of the company's stock, valued at approximately $464,237.41. This represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Michael J. O'sullivan sold 24,000 shares of the company's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $7.16, for a total transaction of $171,840.00. Following the sale, the general counsel directly owned 525,254 shares of the company's stock, valued at approximately $3,760,818.64. This represents a 4.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,432,275 shares of company stock valued at $11,058,360.

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.

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