Snap Inc. $SNAP Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its holdings in Snap Inc. (NYSE:SNAP) by 61.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,633 shares of the company’s stock after acquiring an additional 2,525 shares during the period. Blue Trust Inc.’s holdings in Snap were worth $58,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SNAP. Vanguard Group Inc. raised its holdings in Snap by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company’s stock valued at $953,601,000 after acquiring an additional 6,921,841 shares during the last quarter. AQR Capital Management LLC raised its holdings in Snap by 110.4% in the 1st quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company’s stock valued at $95,549,000 after acquiring an additional 5,930,766 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Snap by 38.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,777,523 shares of the company’s stock valued at $41,612,000 after acquiring an additional 1,336,264 shares during the last quarter. Invenomic Capital Management LP raised its holdings in Snap by 180.2% in the 1st quarter. Invenomic Capital Management LP now owns 1,983,447 shares of the company’s stock valued at $17,276,000 after acquiring an additional 1,275,630 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new stake in shares of Snap during the 1st quarter worth approximately $7,036,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

Insider Buying and Selling at Snap

In other news, CAO Rebecca Morrow sold 10,216 shares of Snap stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.17, for a total transaction of $73,248.72. Following the completion of the sale, the chief accounting officer directly owned 436,087 shares of the company’s stock, valued at approximately $3,126,743.79. The trade was a 2.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ajit Mohan sold 27,595 shares of Snap stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.56, for a total transaction of $208,618.20. Following the sale, the insider directly owned 5,464,411 shares of the company’s stock, valued at approximately $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 quarter, insiders sold 1,482,331 shares of company stock worth $11,364,779. 22.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SNAP has been the subject of a number of recent analyst reports. Citigroup downgraded shares of Snap from an “outperform” rating to a “negative” rating in a report on Tuesday, July 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Snap in a report on Wednesday, October 8th. Sanford C. Bernstein raised their price target on shares of Snap from $9.00 to $10.00 and gave the stock a “market perform” rating in a report on Tuesday, July 22nd. UBS Group cut their price target on shares of Snap from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Finally, Zacks Research downgraded shares of Snap from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Four analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Snap has a consensus rating of “Hold” and an average price target of $34.65.

Snap Stock Performance

Shares of SNAP stock opened at $7.67 on Friday. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.73. 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 $12.96 billion, a PE ratio of -23.97 and a beta of 0.71. The firm has a 50 day moving average of $7.65 and a two-hundred day moving average of $8.27.

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

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.