"Snap (SNAP) Enjoys Multiple Beneficial Factors"
Artisan Developing World Fund's fourth quarter 2023 investor letter highlighted Snap Inc. (NYSE:SNAP) as one of the top contributors to its performance, citing improved industry demand, customer adoption of Snap’s technology platform, and a new partnership with Amazon as factors that benefitted the social media platform. Despite not being among the 30 Most Popular Stocks Among Hedge Funds, 25 hedge fund portfolios held Snap Inc. (NYSE:SNAP) at the end of the third quarter. The stock closed at $16.55 per share on January 5, 2024, with a one-month return of 5.08% and a 79.89% gain over the last 52 weeks, contributing to its market capitalization of $27.248 billion.