Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in Snap Inc. $SNAP

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Snap Inc. (NYSE:SNAP) by 19.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,456,073 shares of the company’s stock after purchasing an additional 237,856 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Snap worth $12,653,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Apollon Wealth Management LLC boosted its position in Snap by 9.2% in the second quarter. Apollon Wealth Management LLC now owns 15,934 shares of the company’s stock valued at $138,000 after buying an additional 1,340 shares during the last quarter. Zullo Investment Group Inc. raised its position in Snap by 12.8% during the 2nd quarter. Zullo Investment Group Inc. now owns 12,040 shares of the company’s stock worth $105,000 after buying an additional 1,365 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Snap by 2.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 70,608 shares of the company’s stock valued at $614,000 after acquiring an additional 1,743 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Snap by 5.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 32,439 shares of the company’s stock valued at $283,000 after acquiring an additional 1,755 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Snap by 169.9% in the second quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock worth $26,000 after acquiring an additional 1,852 shares during the period. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Snap Trading Up 3.5%

Shares of Snap stock opened at $9.07 on Thursday. The firm has a 50-day simple moving average of $7.93 and a two-hundred day simple moving average of $8.27. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.67 and a current ratio of 3.67. Snap Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $13.28. The company has a market cap of $15.32 billion, a P/E ratio of -31.26 and a beta of 0.89.

Snap (NYSE:SNAP) last posted its earnings results on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). Snap had a negative net margin of 8.60% and a negative return on equity of 21.61%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business earned ($0.09) earnings per share. Snap’s revenue was up 9.8% on a year-over-year basis. Snap has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SNAP has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of Snap from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. UBS Group lifted their price objective on Snap from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Bank of America decreased their price objective on Snap from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Truist Financial upped their target price on Snap from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Finally, Susquehanna reiterated a “neutral” rating and set a $9.00 price target on shares of Snap in a research report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.06.

Insider Buying and Selling

In other news, General Counsel Michael J. O’sullivan sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $7.73, for a total value of $185,520.00. Following the completion of the sale, the general counsel directly owned 490,454 shares in the company, valued at $3,791,209.42. The trade was a 4.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Robert C. Murphy sold 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $8.00, for a total value of $8,000,000.00. Following the transaction, the chief technology officer directly owned 51,911,126 shares of the company’s stock, valued at approximately $415,289,008. The trade was a 1.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,510,569 shares of company stock valued at $11,741,723 in the last 90 days. Corporate insiders own 22.68% of the company’s stock.

Snap Company 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.