According to the company’s most recent SEC filing, during the third quarter of 2018, the State of New Jersey Common Pension Fund D increased the number of Snap Inc. (NYSE: SNAP) shares that it owned by 2.9%. As a result, the corporation has a total of 672,551 shares after making additional purchases of 18,976 shares throughout the period. The most recent filing that the State of New Jersey Common Pension Fund D has made with the SEC indicates that the fund’s total holdings of Snap amount to $6,604,000 in value.
Recent transactions have caused adjustments to the proportion of the company’s stock that hedge funds and other institutional investors hold. These investors include pension funds, endowments, and foundations. During the second quarter, Pinebridge Investments L.P. made a cumulative increase of 407.0% in the number of Snap shares it held in its portfolio. Currently, Pinebridge Investments L.P. possesses 2,028 shares of the company, which have a combined market value of $27,000. This is a direct consequence of the company making an additional purchase of 1,628 shares during the most recent fiscal quarter. In addition, Truvestments Capital LLC increased the size of its Snap holdings during the second quarter by investing approximately $34,000 to purchase additional company shares. In addition, Crewe Advisors LLC increased the percentage of Snap that it already owned by 753.9% during the second quarter of the fiscal year. After purchasing an additional 2,390 shares in the most recent period, Crewe Advisors LLC is now the proud owner of 2,707 shares of the company’s stock, which have a value of $36,000. During the most recent period, the company acquired these shares.
Furthermore, during the second quarter, Venture Visionary Partners LLC purchased an additional interest in Snap that was estimated to be worth approximately $40,000. Last but not least, during the period covered by this report, PFG Private Wealth Management LLC saw a factor of 40.9% growth in the size of its holdings in Snap. PFG Private Wealth Management LLC currently holds 4,535 shares of the company’s stock after completing an additional 1,317 share purchases. The value of the company’s stock currently stands at $60,000; institutional investors and investors who participate in hedge funds own a combined 43.30 percent of the company’s outstanding shares of stock.
When trading started on Friday, a share of Snap was $9.64 per share. The debt-to-equity ratio comes in at 1.29, the current ratio comes in at 4.86, the quick ratio comes in at 4.86, and the current ratio comes in at 4.86. Snap Inc. reached an all-time low price of $7.33 during the past year, while the company’s stock reached an all-time high price of $41.97 during the same period. The company has a price-to-earnings ratio of -13.97, a market capitalization of $15.5 billion, and a beta value of 0.99. The price-to-earnings ratio indicates the value of the stock relative to its earnings. The stock price has a moving average of over the past 50 days, $9.63, and over the past 200 days, that number has increased to $10.75.
The company’s most recent quarterly results report was made public on the 20th of October by Snap (NYSE: SNAP), which can be found here. The company reported earnings per share for the quarter at $0.11, which was $0.06 more than what industry analysts had anticipated for earnings ($0.17). Snap’s net margin and return on equity were both negative for the year, coming in at a respective -24.32% and 25.57%. Snap’s return on equity was the worse of the two. The company’s revenue for the quart