Assenagon Asset Management S.A. increased its position in Snap Inc. by 278.5% in the third quarter. The firm acquired 10.87 million additional shares during this period. Total holdings now reach 14.77 million shares. This position is valued at approximately $79.8 million and represents a 0.87% stake in the company.
Institutional investors currently hold 47.52% of Snap's stock. This buying activity contrasts with company insiders, who sold 2.45 million shares over the last three months. These insider sales totaled $13.4 million.
Analysts maintain a consensus Hold rating on the stock. The average price target for Snap is currently $7.68.