Twitter Inc (TWTR) Holdings Raised by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of Twitter Inc (NYSE:TWTR) by 47.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,010,994 shares of the social networking company’s stock after purchasing an additional 1,298,716 shares during the quarter. American Century Companies Inc. owned 0.53% of Twitter worth $114,153,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tyers Asset Management LLC acquired a new stake in Twitter during the 2nd quarter valued at approximately $326,000. CIBC World Markets Inc. grew its stake in Twitter by 73.7% during the 2nd quarter. CIBC World Markets Inc. now owns 23,406 shares of the social networking company’s stock valued at $1,022,000 after purchasing an additional 9,933 shares in the last quarter. Northern Trust Corp grew its stake in Twitter by 42.8% during the 2nd quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock valued at $449,336,000 after purchasing an additional 3,084,415 shares in the last quarter. Amalgamated Bank grew its stake in Twitter by 45.6% during the 2nd quarter. Amalgamated Bank now owns 108,946 shares of the social networking company’s stock valued at $4,758,000 after purchasing an additional 34,099 shares in the last quarter. Finally, Cavalier Investments LLC acquired a new stake in Twitter during the 2nd quarter valued at approximately $414,000. Hedge funds and other institutional investors own 65.14% of the company’s stock.

A number of equities research analysts have weighed in on the company. Pivotal Research restated a “hold” rating and set a $28.00 price objective on shares of Twitter in a research note on Thursday, October 25th. Nomura raised their price objective on Twitter from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, October 26th. Zacks Investment Research lowered Twitter from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 29th. Macquarie lowered Twitter from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $36.00 to $42.00 in a research note on Wednesday, July 18th. They noted that the move was a valuation call. Finally, BMO Capital Markets raised their price objective on Twitter from $31.00 to $35.00 and gave the company a “market perform” rating in a research note on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.75.

In related news, Director Evan Clark Williams sold 682,242 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $35.45, for a total value of $24,185,478.90. Following the sale, the director now owns 1,634,718 shares of the company’s stock, valued at approximately $57,950,753.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David S. Rosenblatt sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $34.30, for a total value of $1,029,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 4,174,995 shares of company stock worth $127,400,778. Company insiders own 10.79% of the company’s stock.

Shares of NYSE TWTR opened at $34.08 on Friday. The company has a market capitalization of $26.20 billion, a P/E ratio of 568.00, a P/E/G 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 announced its quarterly earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.17. The business had revenue of $758.11 million for the quarter, compared to the consensus estimate of $703.57 million. Twitter had a return on equity of 6.75% and a net margin of 36.35%. On average, research analysts forecast that Twitter Inc will post 0.44 earnings per share for the current year.

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About Twitter

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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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