Asset Management One Co. Ltd. Has $3.48 Million Holdings in Snap Inc. $SNAP

Asset Management One Co. Ltd. lifted its stake in shares of Snap Inc. (NYSE:SNAP) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 400,739 shares of the company’s stock after buying an additional 7,104 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Snap were worth $3,482,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Signaturefd LLC grew its position in shares of Snap by 169.9% during the 2nd quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock worth $26,000 after buying an additional 1,852 shares during the period. Quarry LP bought a new stake in Snap during the 1st quarter valued at $34,000. Itau Unibanco Holding S.A. bought a new stake in Snap during the 1st quarter valued at $35,000. Wealth Preservation Advisors LLC bought a new stake in Snap during the 1st quarter valued at $44,000. Finally, Olde Wealth Management LLC bought a new stake in Snap during the 1st quarter valued at $52,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

Insider Transactions at Snap

In related news, CFO Derek Andersen sold 33,871 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.56, for a total value of $256,064.76. Following the sale, the chief financial officer directly owned 3,109,581 shares in the company, valued at approximately $23,508,432.36. The trade was a 1.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ajit Mohan sold 28,238 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $7.83, for a total value of $221,103.54. Following the completion of the sale, the insider owned 5,436,173 shares in the company, valued at $42,565,234.59. This represents a 0.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,486,569 shares of company stock valued at $11,356,203. 22.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

SNAP has been the subject of a number of recent research reports. Rosenblatt Securities decreased their price target on shares of Snap from $9.00 to $8.70 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Citigroup downgraded shares of Snap from an “outperform” rating to a “negative” rating in a report on Tuesday, July 15th. UBS Group cut their price objective on shares of Snap from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Bank of America cut their price objective on shares of Snap from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Finally, Truist Financial cut their price objective on shares of Snap from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.57.

Snap Trading Down 0.0%

NYSE SNAP opened at $7.74 on Thursday. The business’s fifty day moving average is $7.74 and its 200-day moving average is $8.26. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of -24.18 and a beta of 0.71. Snap Inc. has a one year low of $6.90 and a one year high of $13.28.

Snap (NYSE:SNAP) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share 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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned ($0.15) EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Snap has set its Q3 2025 guidance at EPS. Equities research analysts predict that Snap Inc. will post -0.3 EPS for the current year.

Snap Profile

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.