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Snap's biggest investors raise stakes in third quarter

Reuters  |  NEW YORK 

By Trevor HunnicuttNEW YORK (Reuters) - Fidelity Investments and technology-focused hedge fund Coatue Management LLC boosted their stakes in social media company Snap Inc during the third quarter, despite Snap's disappointing results, regulatory filings showed on Tuesday.Companies controlled by Fidelity held 11 million more Snap shares than during the prior quarter, while Coatue increased its stake by 1.7 million shares. Fidelity is the company's sixth-largest shareholder, while Coatue is the seventh largest, according to Thomson Reuters data.Coatue and Snap declined to comment. Fidelity did ...

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First Published: Wed, November 15 2017. 00:33 IST
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