Caitong International Asset Management Co. Ltd Has $184,000 Position in Snap Inc. $SNAP

Caitong International Asset Management Co. Ltd lifted its stake in Snap Inc. (NYSE:SNAP) by 6,482.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,195 shares of the company’s stock after acquiring an additional 20,873 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Snap were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Snap by 6.7% in the first quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company’s stock valued at $953,601,000 after purchasing an additional 6,921,841 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Snap by 110.4% during the 1st quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company’s stock valued at $95,549,000 after buying an additional 5,930,766 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Snap by 5.5% in the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Snap by 4.9% in the 1st 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Snap by 38.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,777,523 shares of the company’s stock worth $41,612,000 after buying an additional 1,336,264 shares during the last quarter. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Snap Stock Performance

Shares of SNAP opened at $7.89 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88. Snap Inc. has a one year low of $6.90 and a one year high of $13.28. The company’s fifty day moving average price is $7.69 and its 200 day moving average price is $8.26. The company has a market capitalization of $13.32 billion, a PE ratio of -24.64 and a beta of 0.71.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, hitting analysts’ consensus estimates of ($0.16). Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted ($0.15) earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Snap has set its Q3 2025 guidance at EPS. As a group, analysts expect that Snap Inc. will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Derek Andersen sold 60,966 shares of the stock in a transaction that occurred on 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 directly owned 3,143,452 shares of the company’s stock, valued at approximately $22,538,550.84. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Robert C. Murphy sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $7.80, for a total transaction of $7,800,000.00. Following the completion of the sale, the chief technology officer owned 53,215,224 shares in the company, valued at approximately $415,078,747.20. The trade was a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,510,569 shares of company stock valued at $11,585,883 in the last three months. 22.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SNAP shares. Citizens Jmp reiterated a “market perform” rating on shares of Snap in a research note on Wednesday, August 6th. Mizuho started coverage on shares of Snap in a report on Monday, September 29th. They set a “neutral” rating and a $9.00 price target on the stock. Morgan Stanley reduced their price objective on shares of Snap from $8.50 to $8.00 and set an “equal weight” rating for the company in a research note on Monday. Bank of America lowered their target price on shares of Snap from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Finally, Guggenheim restated a “neutral” rating and set a $8.00 target price on shares of Snap in a report on Friday, September 12th. Four analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.63.

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.