State of New Jersey Common Pension Fund D Has $3.21 Million Stake in Snap Inc. $SNAP

State of New Jersey Common Pension Fund D lowered its stake in shares of Snap Inc. (NYSE:SNAP) by 6.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 368,685 shares of the company’s stock after selling 26,098 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Snap were worth $3,211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNAP. Vanguard Group Inc. increased its position in 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 purchasing an additional 6,921,841 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Snap by 121.9% in the first quarter. Assenagon Asset Management S.A. now owns 6,848,370 shares of the company’s stock valued at $59,649,000 after buying an additional 3,761,629 shares during the period. Freestone Grove Partners LP bought a new position in Snap during the 4th quarter worth approximately $20,729,000. Worldquant Millennium Advisors LLC acquired a new position in Snap in the fourth quarter valued at $11,705,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Snap during the 4th quarter valued at about $10,420,000. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Snap

In other Snap news, insider Ajit Mohan sold 184,287 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $7.18, for a total value of $1,323,180.66. Following the completion of the sale, the insider owned 5,492,006 shares in the company, valued at $39,432,603.08. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Derek Andersen sold 60,966 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 $437,126.22. Following the transaction, the chief financial officer owned 3,143,452 shares in the company, valued at approximately $22,538,550.84. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,526,744 shares of company stock valued at $11,851,954. Company insiders own 22.68% of the company’s stock.

Snap Stock Down 0.2%

Shares of NYSE SNAP opened at $7.1650 on Thursday. Snap Inc. has a 12 month low of $6.99 and a 12 month high of $13.28. The firm has a fifty day simple moving average of $8.70 and a two-hundred day simple moving average of $8.90. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $12.11 billion, a PE ratio of -22.39 and a beta of 0.62.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Citizens Jmp reissued a “market perform” rating on shares of Snap in a research note on Wednesday, August 6th. Wells Fargo & Company lifted their price target on Snap from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Canaccord Genuity Group reduced their target price on shares of Snap from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Evercore ISI upped their price objective on shares of Snap from $11.00 to $12.00 and gave the company an “in-line” rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group reduced their target price on Snap from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Five research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Snap presently has a consensus rating of “Hold” and a consensus target price of $34.16.

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.