Securian Asset Management Inc raised its position in shares of Twitter Inc (NYSE:TWTR) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,932 shares of the social networking company’s stock after purchasing an additional 792 shares during the quarter. Securian Asset Management Inc’s holdings in Twitter were worth $2,154,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TWTR. We Are One Seven LLC boosted its stake in shares of Twitter by 4.8% during the 4th quarter. We Are One Seven LLC now owns 11,305 shares of the social networking company’s stock worth $324,000 after acquiring an additional 520 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Twitter by 50.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,834 shares of the social networking company’s stock worth $52,000 after acquiring an additional 613 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of Twitter by 5,495.2% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,175 shares of the social networking company’s stock worth $34,000 after acquiring an additional 1,154 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Twitter by 1.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 119,961 shares of the social networking company’s stock worth $3,414,000 after acquiring an additional 1,547 shares in the last quarter. Finally, Motley Fool Asset Management LLC boosted its stake in shares of Twitter by 19.4% during the 3rd quarter. Motley Fool Asset Management LLC now owns 9,757 shares of the social networking company’s stock worth $278,000 after acquiring an additional 1,584 shares in the last quarter. 64.07% of the stock is owned by hedge funds and other institutional investors.
In other Twitter news, Director Evan Clark Williams sold 682,242 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $33.18, for a total transaction of $22,636,789.56. Following the transaction, the director now directly owns 1,388,288 shares in the company, valued at $46,063,395.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Michael Montano sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $30.20, for a total value of $37,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,075,100 shares of company stock valued at $227,040,779. 6.62% of the stock is owned by corporate insiders.
Shares of NYSE:TWTR opened at $30.01 on Friday. The company has a quick ratio of 4.61, a current ratio of 4.69 and a debt-to-equity ratio of 0.26. Twitter Inc has a 1 year low of $26.19 and a 1 year high of $47.79. The firm has a market cap of $22.85 billion, a P/E ratio of 56.62, a PEG ratio of 5.01 and a beta of 0.43.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, February 7th. The social networking company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.15. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The business had revenue of $908.84 million during the quarter, compared to analyst estimates of $864.87 million. During the same period last year, the company earned $0.19 earnings per share. Twitter’s quarterly revenue was up 24.2% compared to the same quarter last year. Analysts anticipate that Twitter Inc will post 0.52 earnings per share for the current year.
Several research firms have recently weighed in on TWTR. Deutsche Bank reduced their price objective on Twitter from $33.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, October 23rd. Summit Insights lowered Twitter from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research lowered Twitter from a “strong-buy” rating to a “hold” rating in a report on Monday, October 29th. Aegis increased their target price on Twitter from $40.00 to $41.00 and gave the company a “buy” rating in a report on Monday, October 29th. Finally, Barclays increased their target price on Twitter from $24.00 to $27.00 and gave the company an “underweight” rating in a report on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Twitter has an average rating of “Hold” and a consensus target price of $35.13.
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Twitter Company Profile
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.
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