Snap Inc. $SNAP Shares Sold by TD Asset Management Inc

TD Asset Management Inc decreased its position in shares of Snap Inc. (NYSE:SNAP) by 8.9% in the second quarter, HoldingsChannel reports. The firm owned 176,775 shares of the company’s stock after selling 17,374 shares during the quarter. TD Asset Management Inc’s holdings in Snap were worth $1,536,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SNAP. AssuredPartners Investment Advisors LLC lifted its holdings in Snap by 6.3% in the first quarter. AssuredPartners Investment Advisors LLC now owns 22,128 shares of the company’s stock valued at $193,000 after acquiring an additional 1,306 shares during the period. DMC Group LLC lifted its holdings in Snap by 7.2% in the first quarter. DMC Group LLC now owns 19,547 shares of the company’s stock valued at $170,000 after acquiring an additional 1,313 shares during the period. Apollon Wealth Management LLC lifted its holdings 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 acquiring an additional 1,340 shares during the period. Zullo Investment Group Inc. lifted its holdings in Snap by 12.8% in the second quarter. Zullo Investment Group Inc. now owns 12,040 shares of the company’s stock valued at $105,000 after acquiring an additional 1,365 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Snap by 2.5% in the second 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. Institutional investors and hedge funds own 47.52% of the company’s stock.

Insider Buying and Selling

In other Snap news, CFO Derek Andersen sold 60,966 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $7.17, for a total transaction of $437,126.22. Following the transaction, the chief financial officer owned 3,143,452 shares of the company’s stock, valued at approximately $22,538,550.84. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Michael J. O’sullivan sold 68,705 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $7.18, for a total value of $493,301.90. Following the transaction, the general counsel directly owned 2,015,624 shares in the company, valued at $14,472,180.32. This trade represents a 3.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,510,569 shares of company stock worth $11,585,883. 22.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SNAP has been the subject of a number of analyst reports. Zacks Research downgraded Snap from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Citizens Jmp restated a “market perform” rating on shares of Snap in a research report on Wednesday, August 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Snap in a research report on Wednesday, October 8th. Rosenblatt Securities cut their price objective on Snap from $9.00 to $8.70 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Finally, Evercore ISI boosted their price objective on Snap from $11.00 to $12.00 and gave the company an “in-line” rating in a research report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Snap has an average rating of “Hold” and an average target price of $34.63.

Snap Stock Down 0.8%

Shares of SNAP opened at $7.79 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88. Snap Inc. has a one year low of $6.90 and a one year high of $13.28. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of -24.33 and a beta of 0.71. The stock has a 50 day moving average price of $7.68 and a 200 day moving average price of $8.26.

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