SG Americas Securities LLC Buys 2,942,789 Shares of Snap Inc. $SNAP

SG Americas Securities LLC lifted its stake in Snap Inc. (NYSE:SNAP) by 4,603.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,006,711 shares of the company’s stock after buying an additional 2,942,789 shares during the quarter. SG Americas Securities LLC’s holdings in Snap were worth $26,128,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Signaturefd LLC increased its holdings in Snap by 169.9% in the 2nd quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock valued at $26,000 after acquiring an additional 1,852 shares during the last quarter. Quarry LP bought a new position in shares of Snap during the 1st quarter valued at about $34,000. Itau Unibanco Holding S.A. purchased a new position in shares of Snap during the first quarter valued at about $35,000. Wealth Preservation Advisors LLC bought a new stake in shares of Snap in the first quarter worth about $44,000. Finally, S Bank Fund Management Ltd purchased a new stake in shares of Snap in the first quarter worth about $53,000. Institutional investors own 47.52% of the company’s stock.

Insider Buying and Selling

In other Snap news, Director Elizabeth Jenkins sold 7,900 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $7.07, for a total value of $55,853.00. Following the completion of the sale, the director owned 65,663 shares of the company’s stock, valued at $464,237.41. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Michael J. O’sullivan sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $7.73, for a total value of $185,520.00. Following the transaction, the general counsel owned 490,454 shares of the company’s stock, valued at $3,791,209.42. This trade represents a 4.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,510,569 shares of company stock worth $11,741,723 over the last three months. 22.68% of the stock is currently owned by company insiders.

Snap Stock Down 0.6%

Shares of SNAP opened at $8.53 on Friday. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 1.57. The business has a fifty day moving average of $7.99 and a 200 day moving average of $8.27. The company has a market cap of $14.67 billion, a PE ratio of -29.42 and a beta of 0.89. Snap Inc. has a 52-week low of $6.90 and a 52-week high of $13.28.

Snap (NYSE:SNAP) last announced its earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Snap had a negative net margin of 8.60% and a negative return on equity of 21.61%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS. Snap has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Snap Inc. will post -0.3 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Sanford C. Bernstein raised their price target on Snap from $9.00 to $10.00 and gave the company a “market perform” rating in a report on Tuesday, July 22nd. Susquehanna reiterated a “neutral” rating and set a $9.00 target price on shares of Snap in a research report on Thursday, November 6th. 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. Zacks Research downgraded shares of Snap from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Finally, JMP Securities reiterated a “market perform” rating on shares of Snap in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Snap presently has an average rating of “Hold” and a consensus price target of $35.06.

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.