Lombard Odier Asset Management Switzerland SA Trims Holdings in Snap Inc. $SNAP

Lombard Odier Asset Management Switzerland SA decreased its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 90.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,051 shares of the company's stock after selling 282,231 shares during the quarter. Lombard Odier Asset Management Switzerland SA's holdings in Snap were worth $252,000 as of its most recent SEC filing.MarketBeat Week in Review – 10/20 - 10/24Other hedge funds and other institutional investors also recently bought and sold shares of the company. Apollon Wealth Management LLC lifted its position in Snap by 9.2% during the second quarter. Apollon Wealth Management LLC now owns 15,934 shares of the company's stock valued at $138,000 after purchasing an additional 1,340 shares during the period. Zullo Investment Group Inc. increased its position in shares of Snap by 12.8% in the second quarter. Zullo Investment Group Inc. now owns 12,040 shares of the company's stock valued at $105,000 after buying an additional 1,365 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Snap by 2.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 70,608 shares of the company's stock valued at $614,000 after buying an additional 1,743 shares in the last quarter. Signaturefd LLC raised its stake in shares of Snap by 169.9% during the 2nd quarter. Signaturefd LLC now owns 2,942 shares of the company's stock worth $26,000 after buying an additional 1,852 shares during the period. Finally, EP Wealth Advisors LLC lifted its position in shares of Snap by 3.7% during the 1st quarter. EP Wealth Advisors LLC now owns 53,961 shares of the company's stock valued at $470,000 after buying an additional 1,920 shares in the last quarter. Institutional investors and hedge funds own 47.52% of the company's stock. Analysts Set New Price TargetsSeveral equities research analysts recently commented on SNAP shares. New Street Research lowered shares of Snap from a "buy" rating to a "neutral" rating in a report on Tuesday, October 28th. Susquehanna reiterated a "neutral" rating and issued a $9.00 target price on shares of Snap in a research report on Thursday, November 6th. Arete Research raised shares of Snap from a "sell" rating to a "neutral" rating in a research note on Tuesday, November 18th. Wells Fargo & Company raised their price target on shares of Snap from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Thursday, November 6th. Finally, Truist Financial lifted their price objective on Snap from $10.00 to $11.00 and gave the stock a "hold" rating in a report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $9.85.2 Tech Stock Bargains Offering Buy the Dip OpportunitiesCheck Out Our Latest Research Report on SNAPSnap Stock PerformanceNYSE:SNAP opened at $7.91 on Thursday. The company has a market cap of $13.59 billion, a P/E ratio of -27.26 and a beta of 0.85. Snap Inc. has a twelve month low of $6.90 and a twelve month high of $13.28. The company's 50-day moving average price is $7.96 and its 200-day moving average price is $8.18. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 1.57. SoundHound AI Will Advance By Triple Digits in 2025: Here’s WhySnap (NYSE:SNAP - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.12). Snap had a negative net margin of 8.60% and a negative return on equity of 21.61%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the company posted ($0.09) EPS. The firm's revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts forecast that Snap Inc. will post -0.3 earnings per share for the current fiscal year. Insider Transactions at SnapIn other Snap news, CAO Rebecca Morrow sold 12,699 shares of the firm's stock in a transaction on Monday, November 17th. The stock was sold at an average price of $8.34, for a total value of $105,909.66. Following the completion of the sale, the chief accounting officer directly owned 466,603 shares of the company's stock, valued at $3,891,469.02. This trade represents a 2.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ajit Mohan sold 109,372 shares of Snap stock in a transaction on Monday, November 17th. The stock was sold at an average price of $8.34, for a total value of $912,162.48. Following the transaction, the insider owned 5,326,801 shares in the company, valued at approximately $44,425,520.34. This represents a 2.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,426,728 shares of company stock valued at $11,458,580. 22.68% of the stock is currently owned by company insiders. Snap Profile (Free Report)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.Read MoreFive stocks we like better than SnapEV Stocks and How to Profit from Them Market Momentum: 3 Stocks Poised for Major BreakoutsWhere Do I Find 52-Week Highs and Lows?3 Reasons Casey’s General Stores Will Continue Trending HigherWhat Is WallStreetBets and What Stocks Are They Targeting?Golden Cross Alert: 3 Stocks With Major Upside PotentialThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Snap Right Now?Before you consider Snap, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snap wasn't on the list.While Snap currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here