144,524 Shares in Snap Inc. $SNAP Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors purchased a new position in shares of Snap Inc. (NYSE:SNAP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 144,524 shares of the company’s stock, valued at approximately $1,256,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Snap by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company’s stock worth $953,601,000 after acquiring an additional 6,921,841 shares during the period. AQR Capital Management LLC raised its position in Snap by 110.4% in the first quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company’s stock worth $95,549,000 after purchasing an additional 5,930,766 shares in the last quarter. Deutsche Bank AG lifted its stake in Snap by 5.5% during the first quarter. Deutsche Bank AG now owns 9,526,590 shares of the company’s stock worth $82,977,000 after purchasing an additional 499,395 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Snap by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,925,956 shares of the company’s stock worth $60,325,000 after purchasing an additional 324,784 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Snap by 38.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 4,777,523 shares of the company’s stock valued at $41,612,000 after purchasing an additional 1,336,264 shares in the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.

Snap Price Performance

Shares of SNAP stock opened at $7.78 on Friday. 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 $13.14 billion, a PE ratio of -24.30 and a beta of 0.71. 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 stock’s fifty day moving average is $7.77 and its 200-day moving average is $8.26.

Snap (NYSE:SNAP) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.16). Snap had a negative net margin of 9.69% and a negative return on equity of 23.32%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company 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 expect that Snap Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SNAP has been the subject of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Snap in a research report on Wednesday, October 8th. Truist Financial cut their price objective on Snap from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, August 6th. Guggenheim restated a “neutral” rating and issued a $8.00 target price on shares of Snap in a research note on Friday, September 12th. New Street Research lowered shares of Snap from a “buy” rating to a “neutral” rating in a report on Tuesday, October 28th. Finally, Piper Sandler 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. Four analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.57.

Insider Activity at Snap

In other Snap news, General Counsel Michael J. O’sullivan sold 24,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $7.86, for a total transaction of $188,640.00. Following the transaction, the general counsel owned 514,454 shares of the company’s stock, valued at approximately $4,043,608.44. This represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ajit Mohan sold 28,238 shares of Snap stock in a transaction on 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 directly owned 5,436,173 shares of the company’s stock, valued at $42,565,234.59. This trade represents a 0.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,486,569 shares of company stock valued at $11,356,203 over the last three months. 22.68% of the stock is owned by company insiders.

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.