On May 19, 2023 at 12:00:01 ET an unusually large $226.50K block of Call contracts in Snap Inc – (SNAP) was sold, with a strike price of $17.00 / share, expiring in 609 day(s) (on January 17, 2025). Fintel tracks all large options trades, and the premium spent on this trade was 1.40 sigmas above the mean, placing it in the 91.97th percentile of all recent large trades made in SNAP options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 939 funds or institutions reporting positions in Snap Inc -. This is a decrease of 69 owner(s) or 6.85% in the last quarter. Average portfolio weight of all funds dedicated to SNAP is 0.19%, a decrease of 1.56%. Total shares owned by institutions decreased in the last three months by 7.45% to 724,954K shares. The put/call ratio of SNAP is 0.53, indicating a bullish outlook.
Analyst Price Forecast Suggests 1.61% Downside
As of May 11, 2023, the average one-year price target for Snap Inc – is 9.53. The forecasts range from a low of 6.06 to a high of $16.80. The average price target represents a decrease of 1.61% from its latest reported closing price of 9.69.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Snap Inc – is 5,131MM, an increase of 13.32%. The projected annual non-GAAP EPS is 0.37.
What are Other Shareholders Doing?
FBGRX – Fidelity Blue Chip Growth Fund holds 50,206K shares representing 3.13% ownership of the company. In it’s prior filing, the firm reported owning 47,206K shares, representing an increase of 5.98%. The firm increased its portfolio allocation in SNAP by 16.44% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 30,929K shares representing 1.93% ownership of the company. In it’s prior filing, the firm reported owning 31,165K shares, representing a decrease of 0.76%. The firm decreased its portfolio allocation in SNAP by 16.47% over the last quarter.
Capital World Investors holds 30,653K shares representing 1.91% ownership of the company. In it’s prior filing, the firm reported owning 30,527K shares, representing an increase of 0.41%. The firm increased its portfolio allocation in SNAP by 21.95% over the last quarter.
D. E. Shaw holds 26,041K shares representing 1.63% ownership of the company. In it’s prior filing, the firm reported owning 24,382K shares, representing an increase of 6.37%. The firm increased its portfolio allocation in SNAP by 2.03% over the last quarter.
Two Sigma Advisers holds 24,619K shares representing 1.54% ownership of the company. In it’s prior filing, the firm reported owning 18,744K shares, representing an increase of 23.86%. The firm increased its portfolio allocation in SNAP by 51.94% over the last quarter.
Snap Background Information
(This description is provided by the company.)
Snap Inc. is a camera company. Snap believes that reinventing the camera represents its greatest opportunity to improve the way people live and communicate. The company contributes to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together.
Key filings for this company:
This article originally appeared on Fintel
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