DekaBank Deutsche Girozentrale increased its stake in shares of Twitter Inc (NYSE:TWTR) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,527 shares of the social networking company’s stock after buying an additional 15,115 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Twitter were worth $3,565,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of TWTR. Harvest Fund Management Co. Ltd acquired a new position in Twitter during the 2nd quarter worth $112,000. Castleark Management LLC acquired a new position in Twitter during the 2nd quarter worth $121,000. Quad Cities Investment Group LLC acquired a new position in Twitter during the 2nd quarter worth $132,000. Focused Wealth Management Inc boosted its position in Twitter by 144.3% during the 2nd quarter. Focused Wealth Management Inc now owns 3,217 shares of the social networking company’s stock worth $140,000 after acquiring an additional 1,900 shares during the period. Finally, Exane Derivatives boosted its position in Twitter by 303.0% during the 3rd quarter. Exane Derivatives now owns 3,663 shares of the social networking company’s stock worth $104,000 after acquiring an additional 2,754 shares during the period. Hedge funds and other institutional investors own 66.98% of the company’s stock.
A number of brokerages have issued reports on TWTR. Zacks Investment Research reiterated a “strong-buy” rating and set a $37.00 price target on shares of Twitter in a research report on Saturday, November 17th. ValuEngine upgraded Twitter from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 31st. TheStreet upgraded Twitter from a “c” rating to a “b-” rating in a report on Friday, October 26th. Aegis upped their price objective on Twitter from $40.00 to $41.00 and gave the company a “buy” rating in a report on Monday, October 29th. Finally, CIBC upgraded Twitter from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a report on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $34.38.
In other news, CFO Ned D. Segal sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $30.44, for a total transaction of $182,640.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert Kaiden sold 3,782 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $35.00, for a total value of $132,370.00. The disclosure for this sale can be found here. Insiders have sold 7,743,593 shares of company stock worth $238,801,873 over the last ninety days. 10.79% of the stock is owned by insiders.
Shares of Twitter stock opened at $31.45 on Monday. The firm has a market cap of $23.94 billion, a PE ratio of 524.17, a P/E/G ratio of 3.04 and a beta of 0.32. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.27. Twitter Inc has a 12-month low of $20.12 and a 12-month high of $47.79.
Twitter (NYSE:TWTR) last announced its earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.17. The company had revenue of $758.11 million for the quarter, compared to analyst estimates of $703.57 million. Twitter had a return on equity of 6.75% and a net margin of 36.35%. Equities research analysts predict that Twitter Inc will post 0.47 EPS for the current fiscal year.
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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