Twitter (NYSE:TWTR) had its price objective lifted by stock analysts at JPMorgan Chase & Co. to $36.00 in a research note issued on Friday. The firm presently has an “overweight” rating on the social networking company’s stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 14.25% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. Cantor Fitzgerald reiterated a “hold” rating and issued a $16.00 target price on shares of Twitter in a research note on Monday, October 23rd. Wells Fargo & Co lifted their target price on shares of Twitter to $28.00 and gave the company a “market perform” rating in a research note on Friday. Argus lifted their target price on shares of Twitter to $40.00 and gave the company a “buy” rating in a research note on Friday. They noted that the move was a valuation call. Robert W. Baird lifted their target price on shares of Twitter from $20.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Canaccord Genuity lifted their target price on shares of Twitter from $21.00 to $25.00 and gave the company a “hold” rating in a research note on Friday. Ten equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.38.
Twitter (NYSE:TWTR) traded up $1.33 during trading hours on Friday, hitting $31.51. 67,092,605 shares of the stock were exchanged, compared to its average volume of 30,400,000. Twitter has a 52 week low of $14.12 and a 52 week high of $35.00. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $23,410.00, a PE ratio of -210.07, a P/E/G ratio of 11.73 and a beta of 1.14.
In other Twitter news, insider Robert Kaiden sold 12,734 shares of Twitter stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $24.99, for a total transaction of $318,222.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Clark Williams sold 546,200 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $24.29, for a total transaction of $13,267,198.00. Following the completion of the transaction, the director now directly owns 2,328,359 shares of the company’s stock, valued at approximately $56,555,840.11. The disclosure for this sale can be found here. Insiders have sold a total of 3,225,011 shares of company stock valued at $69,509,411 in the last ninety days. Company insiders own 10.79% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Balentine LLC grew its holdings in shares of Twitter by 86.6% in the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after buying an additional 3,167 shares during the period. Toronto Dominion Bank grew its holdings in shares of Twitter by 21.3% in the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after buying an additional 1,333 shares during the period. Malaga Cove Capital LLC acquired a new position in shares of Twitter in the 3rd quarter valued at $154,000. Staley Capital Advisers Inc. acquired a new position in shares of Twitter in the 3rd quarter valued at $173,000. Finally, Berkshire Asset Management LLC PA acquired a new position in shares of Twitter in the 3rd quarter valued at $184,000. 50.12% of the stock is owned by institutional investors.
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Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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