Everence Capital Management Inc. purchased a new stake in Twitter, Inc. (NYSE:TWTR) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,770 shares of the social networking company’s stock, valued at approximately $1,258,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of TWTR. AXA S.A. bought a new stake in Twitter in the third quarter valued at $59,000. Captrust Financial Advisors increased its position in shares of Twitter by 11.2% during the third quarter. Captrust Financial Advisors now owns 8,717 shares of the social networking company’s stock worth $407,000 after acquiring an additional 881 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Twitter by 1.9% during the third quarter. California State Teachers Retirement System now owns 1,387,028 shares of the social networking company’s stock worth $61,723,000 after acquiring an additional 26,228 shares in the last quarter. Empirical Capital Management LLC increased its position in shares of Twitter by 51.5% during the third quarter. Empirical Capital Management LLC now owns 150,000 shares of the social networking company’s stock worth $6,675,000 after acquiring an additional 51,000 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Twitter during the third quarter worth about $49,444,000. 73.17% of the stock is owned by hedge funds and other institutional investors.
NYSE TWTR opened at $70.47 on Friday. The company’s 50 day moving average is $67.95 and its 200-day moving average is $54.04. Twitter, Inc. has a 12-month low of $25.06 and a 12-month high of $80.75. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $56.25 billion, a P/E ratio of -51.61, a price-to-earnings-growth ratio of 2.69 and a beta of 0.86.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Tuesday, February 9th. The social networking company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.07. Twitter had a negative net margin of 31.70% and a negative return on equity of 12.42%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. Equities analysts expect that Twitter, Inc. will post -1.16 EPS for the current year.
TWTR has been the subject of several recent research reports. Loop Capital boosted their target price on shares of Twitter from $56.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 16th. Evercore ISI initiated coverage on shares of Twitter in a research report on Tuesday. They set an “in-line” rating and a $75.00 target price for the company. Zacks Investment Research raised shares of Twitter from a “sell” rating to a “hold” rating and set a $67.00 target price for the company in a research report on Tuesday, March 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Twitter from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, February 10th. Finally, KeyCorp boosted their price target on shares of Twitter from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, March 4th. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.06.
In related news, Director Fox Martha Lane sold 1,301 shares of the company’s stock in a transaction that occurred on Friday, February 26th. The shares were sold at an average price of $76.93, for a total transaction of $100,085.93. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Robert Kaiden sold 6,365 shares of the company’s stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $51.53, for a total transaction of $327,988.45. The disclosure for this sale can be found here. In the last three months, insiders sold 80,695 shares of company stock worth $4,673,387. Insiders own 2.64% of the company’s stock.
Twitter Profile
Twitter, Inc operates as a platform for public self-expression and conversation in real time United States, Japan, and internationally. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services.
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