Gulf International Bank UK Ltd Has $6.29 Million Position in Twitter Inc (TWTR)

Gulf International Bank UK Ltd lifted its position in shares of Twitter Inc (NYSE:TWTR) by 2.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 221,137 shares of the social networking company’s stock after buying an additional 4,250 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Twitter were worth $6,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado lifted 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 valued at $3,414,000 after buying an additional 1,547 shares in the last quarter. Linscomb & Williams Inc. lifted its stake in Twitter by 5.0% in the 2nd quarter. Linscomb & Williams Inc. now owns 32,906 shares of the social networking company’s stock worth $1,437,000 after purchasing an additional 1,554 shares in the last quarter. Reliance Trust Co. of Delaware lifted its stake in Twitter by 2.5% in the 3rd quarter. Reliance Trust Co. of Delaware now owns 65,217 shares of the social networking company’s stock worth $1,856,000 after purchasing an additional 1,589 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Twitter by 1.9% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 84,636 shares of the social networking company’s stock worth $3,696,000 after purchasing an additional 1,596 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC lifted its stake in Twitter by 1.5% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 114,020 shares of the social networking company’s stock worth $3,784,000 after purchasing an additional 1,645 shares in the last quarter. Institutional investors own 65.14% of the company’s stock.

TWTR has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Twitter from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Friday, July 27th. Wedbush reiterated a “hold” rating and issued a $37.00 price target on shares of Twitter in a research note on Tuesday, October 23rd. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price target on shares of Twitter in a research note on Friday, July 27th. SunTrust Banks reiterated a “hold” rating and issued a $30.00 price target on shares of Twitter in a research note on Friday, July 27th. Finally, Pivotal Research upgraded shares of Twitter from a “sell” rating to a “hold” rating and decreased their price target for the stock from $26.00 to $24.00 in a research note on Friday, October 12th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.75.

In related news, Director Evan Clark Williams sold 682,242 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $32.59, for a total transaction of $22,234,266.78. Following the transaction, the director now directly owns 1,684,204 shares in the company, valued at approximately $54,888,208.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael Montano sold 1,250 shares of the company’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $28.34, for a total transaction of $35,425.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,174,995 shares of company stock worth $127,400,778 over the last quarter. 10.79% of the stock is currently owned by insiders.

Shares of NYSE:TWTR opened at $34.08 on Friday. The stock has a market cap of $26.20 billion, a P/E ratio of 568.00, a PEG ratio of 3.53 and a beta of 0.32. Twitter Inc has a 12 month low of $19.73 and a 12 month high of $47.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.61 and a current ratio of 4.61.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, October 25th. The social networking company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.04 by $0.17. The company had revenue of $758.11 million for the quarter, compared to the consensus estimate of $703.57 million. Twitter had a net margin of 36.35% and a return on equity of 6.75%. On average, equities analysts forecast that Twitter Inc will post 0.44 EPS for the current year.

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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.

See Also: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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