IFM Investors Pty Ltd raised its stake in Twitter Inc (NYSE:TWTR) by 55.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,852 shares of the social networking company’s stock after purchasing an additional 11,007 shares during the period. IFM Investors Pty Ltd’s holdings in Twitter were worth $1,347,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. DnB Asset Management AS bought a new stake in shares of Twitter in the second quarter valued at about $3,533,000. Gulf International Bank UK Ltd boosted its position in shares of Twitter by 9.9% in the second quarter. Gulf International Bank UK Ltd now owns 216,887 shares of the social networking company’s stock valued at $9,471,000 after acquiring an additional 19,600 shares during the period. Neville Rodie & Shaw Inc. bought a new stake in shares of Twitter in the second quarter valued at about $312,000. Summit Trail Advisors LLC boosted its position in shares of Twitter by 2,102.8% in the first quarter. Summit Trail Advisors LLC now owns 2,146,516 shares of the social networking company’s stock valued at $2,147,000 after acquiring an additional 2,049,071 shares during the period. Finally, Rational Advisors LLC boosted its position in shares of Twitter by 83.2% in the first quarter. Rational Advisors LLC now owns 25,810 shares of the social networking company’s stock valued at $750,000 after acquiring an additional 11,725 shares during the period. Hedge funds and other institutional investors own 59.57% of the company’s stock.
In other news, Director Evan Clark Williams sold 682,242 shares of the company’s stock in a transaction that occurred on Tuesday, April 24th. The stock was sold at an average price of $30.88, for a total value of $21,067,632.96. Following the completion of the transaction, the director now owns 2,030,075 shares of the company’s stock, valued at $62,688,716. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Matthew Derella sold 15,100 shares of the company’s stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $30.56, for a total value of $461,456.00. The disclosure for this sale can be found here. Insiders sold 2,791,891 shares of company stock valued at $106,065,542 in the last ninety days. 6.62% of the stock is currently owned by insiders.
Twitter stock opened at $43.87 on Thursday. Twitter Inc has a 1 year low of $15.67 and a 1 year high of $47.79. The company has a debt-to-equity ratio of 0.33, a current ratio of 10.23 and a quick ratio of 10.23. The company has a market capitalization of $33.22 billion, a PE ratio of 731.17, a PEG ratio of 5.41 and a beta of 0.88.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Wednesday, April 25th. The social networking company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.15. Twitter had a return on equity of 2.81% and a net margin of 0.57%. The company had revenue of $665.00 million during the quarter, compared to the consensus estimate of $607.56 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The firm’s revenue was up 21.3% compared to the same quarter last year. sell-side analysts predict that Twitter Inc will post 0.35 EPS for the current fiscal year.
TWTR has been the subject of a number of recent research reports. Cascend Securities initiated coverage on shares of Twitter in a research report on Wednesday, April 11th. They issued a “buy” rating and a $36.00 target price for the company. ValuEngine raised shares of Twitter from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 2nd. Macquarie raised shares of Twitter from a “neutral” rating to an “outperform” rating in a research report on Thursday, April 26th. Wedbush reaffirmed a “hold” rating and set a $26.00 price objective on shares of Twitter in a research report on Monday, April 23rd. Finally, Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Thursday, April 12th. Six analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. Twitter presently has an average rating of “Hold” and an average price target of $29.82.
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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