Snap Inc. $SNAP Stock Position Lifted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Snap Inc. (NYSE:SNAP) by 114.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 189,547 shares of the company’s stock after purchasing an additional 101,126 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Snap were worth $1,647,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SNAP. DLK Investment Management LLC grew its holdings in shares of Snap by 6.6% in the 2nd quarter. DLK Investment Management LLC now owns 48,788 shares of the company’s stock worth $424,000 after acquiring an additional 3,000 shares during the last quarter. Gradient Investments LLC lifted its position in shares of Snap by 13.1% in the second quarter. Gradient Investments LLC now owns 152,161 shares of the company’s stock worth $1,322,000 after buying an additional 17,666 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Snap by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 34,290 shares of the company’s stock worth $298,000 after purchasing an additional 2,593 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Snap by 10.2% during the 1st quarter. Rhumbline Advisers now owns 192,210 shares of the company’s stock worth $1,674,000 after purchasing an additional 17,868 shares during the last quarter. Finally, Mattson Financial Services LLC raised its holdings in Snap by 44.9% in the 1st quarter. Mattson Financial Services LLC now owns 13,689 shares of the company’s stock valued at $119,000 after acquiring an additional 4,239 shares in the last quarter. Institutional investors own 47.52% of the company’s stock.

Snap Stock Down 3.2%

Shares of Snap stock opened at $8.17 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88. The company has a 50-day simple moving average of $8.13 and a two-hundred day simple moving average of $8.39. Snap Inc. has a 52-week low of $6.90 and a 52-week high of $13.28. The stock has a market capitalization of $13.81 billion, a PE ratio of -25.53 and a beta of 0.62.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.16). Snap had a negative net margin of 9.69% and a negative return on equity of 23.32%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Snap has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Snap Inc. will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Snap news, Director Elizabeth Jenkins sold 7,900 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $55,853.00. Following the transaction, the director owned 65,663 shares in the company, valued at approximately $464,237.41. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ajit Mohan sold 27,595 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.56, for a total transaction of $208,618.20. Following the completion of the sale, the insider directly owned 5,464,411 shares in the company, valued at $41,310,947.16. This trade represents a 0.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,510,532 shares of company stock worth $11,650,269. 22.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SNAP shares. Evercore ISI increased their target price on Snap from $11.00 to $12.00 and gave the stock an “in-line” rating in a report on Wednesday, August 6th. UBS Group dropped their price objective on Snap from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. TD Cowen raised their price objective on Snap from $9.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, July 15th. Guggenheim reiterated a “neutral” rating and set a $8.00 price target on shares of Snap in a report on Friday, September 12th. Finally, Citigroup downgraded shares of Snap from an “outperform” rating to a “negative” rating in a research report on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.84.

About Snap

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.