Banco Bilbao Vizcaya Argentaria S.A. Has $3.58 Million Stake in Snap Inc. $SNAP

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in shares of Snap Inc. (NYSE:SNAP) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 416,637 shares of the company’s stock after selling 9,611 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Snap were worth $3,579,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Snap by 6.7% during the first quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company’s stock worth $953,601,000 after acquiring an additional 6,921,841 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Snap by 5.5% in the first quarter. Deutsche Bank AG now owns 9,526,590 shares of the company’s stock valued at $82,977,000 after buying an additional 499,395 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Snap by 13.3% in 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 buying an additional 828,285 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Snap by 4.9% in 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 buying an additional 324,784 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Snap by 121.9% in the first quarter. Assenagon Asset Management S.A. now owns 6,848,370 shares of the company’s stock valued at $59,649,000 after buying an additional 3,761,629 shares during the period. Institutional investors and hedge funds own 47.52% of the company’s stock.

Insider Buying and Selling

In related news, CFO Derek Andersen sold 60,966 shares of Snap stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $7.17, for a total value of $437,126.22. Following the completion of the sale, the chief financial officer owned 3,143,452 shares of the company’s stock, valued at approximately $22,538,550.84. This trade represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Robert C. Murphy sold 1,000,000 shares of Snap stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $7.80, for a total value of $7,800,000.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 1,526,744 shares of company stock worth $11,851,954 in the last quarter. 22.68% of the stock is currently owned by company insiders.

Snap Trading Down 0.2%

NYSE SNAP opened at $7.1650 on Thursday. Snap Inc. has a 12 month low of $6.99 and a 12 month high of $13.28. The firm has a market capitalization of $12.11 billion, a P/E ratio of -22.39 and a beta of 0.62. The business has a fifty day simple moving average of $8.70 and a 200 day simple moving average of $8.90. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.73.

Snap (NYSE:SNAP) last announced its earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.16). Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm posted ($0.15) EPS. The business’s revenue was up 8.7% compared to the same quarter last year. Snap has set its Q3 2025 guidance at EPS. On average, analysts predict that Snap Inc. will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Loop Capital lowered their price objective on Snap from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, May 16th. UBS Group lowered their price objective on Snap from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. The Goldman Sachs Group decreased their target price on shares of Snap from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Cantor Fitzgerald restated a “neutral” rating and set a $7.00 price target on shares of Snap in a report on Wednesday, August 6th. Finally, BMO Capital Markets cut their price target on Snap from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, August 6th. Five equities research 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.16.

About Snap

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.