Fintel reports that on February 5, 2025, Wells Fargo downgraded their outlook for Snap (BRSE:SNAP) from Overweight to Equal-Weight.
What is the Fund Sentiment?
There are 868 funds or institutions reporting positions in Snap. This is an decrease of 31 owner(s) or 3.45% in the last quarter. Average portfolio weight of all funds dedicated to SNAP is 0.25%, an increase of 9.55%. Total shares owned by institutions increased in the last three months by 4.02% to 941,522K shares.
What are Other Shareholders Doing?
FBGRX - Fidelity Blue Chip Growth Fund holds 84,717K shares representing 5.95% ownership of the company. In its prior filing, the firm reported owning 80,007K shares , representing an increase of 5.56%. The firm decreased its portfolio allocation in SNAP by 7.36% over the last quarter.
SRS Investment Management holds 72,721K shares representing 5.11% ownership of the company. No change in the last quarter.
Bank Of America holds 71,146K shares representing 5.00% ownership of the company. In its prior filing, the firm reported owning 67,244K shares , representing an increase of 5.49%. The firm decreased its portfolio allocation in SNAP by 35.97% over the last quarter.
Capital World Investors holds 60,568K shares representing 4.26% ownership of the company. In its prior filing, the firm reported owning 46,573K shares , representing an increase of 23.11%. The firm decreased its portfolio allocation in SNAP by 20.35% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 58,900K shares representing 4.14% ownership of the company. In its prior filing, the firm reported owning 29,900K shares , representing an increase of 49.24%. The firm increased its portfolio allocation in SNAP by 131.58% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
