KLP Kapitalforvaltning AS Purchases 6,900 Shares of Snap Inc. $SNAP

KLP Kapitalforvaltning AS boosted its position in Snap Inc. (NYSE:SNAP) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 471,300 shares of the company’s stock after buying an additional 6,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in Snap were worth $4,096,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 buying an additional 6,921,841 shares during the last quarter. AQR Capital Management LLC boosted its position in Snap by 110.4% in the first 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 boosted its position in 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 last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position 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 valued at $41,612,000 after buying an additional 1,336,264 shares during the last quarter. Hedge funds and other institutional investors own 47.52% of the company’s stock.

Snap Trading Down 7.0%

Shares of SNAP stock opened at $7.79 on Friday. The stock’s fifty day moving average is $7.69 and its two-hundred day moving average is $8.31. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88. The firm has a market capitalization of $13.16 billion, a P/E ratio of -24.34 and a beta of 0.71. Snap Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $13.28.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SNAP. Morgan Stanley upped their target price on Snap from $6.50 to $8.50 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Evercore ISI upped their price objective on Snap from $11.00 to $12.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 6th. BMO Capital Markets lowered their price objective on Snap from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Snap in a research report on Wednesday. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $7.00 price objective on shares of Snap in a research report on Wednesday, August 6th. 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’s stock. According to MarketBeat.com, Snap currently has an average rating of “Hold” and a consensus target price of $34.65.

Insider Transactions at Snap

In other Snap news, CFO Derek Andersen sold 60,966 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 3,143,452 shares in the company, valued at approximately $22,538,550.84. This trade represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Michael J. O’sullivan sold 68,705 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.18, for a total value of $493,301.90. Following the completion of the transaction, the general counsel owned 2,015,624 shares in the company, valued at $14,472,180.32. The trade was a 3.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,510,532 shares of company stock worth $11,629,869. Company insiders own 22.68% of the company’s stock.

Snap 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.