WEALTHFRONT Corp raised its stake in Twitter Inc (NYSE:TWTR) by 15.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,550 shares of the social networking company’s stock after buying an additional 5,645 shares during the period. WEALTHFRONT Corp’s holdings in Twitter were worth $1,183,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Tyers Asset Management LLC bought a new position in shares of Twitter in the 2nd quarter worth $326,000. CIBC World Markets Inc. increased its holdings in shares of Twitter by 73.7% in the 2nd quarter. CIBC World Markets Inc. now owns 23,406 shares of the social networking company’s stock worth $1,022,000 after buying an additional 9,933 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Twitter in the 2nd quarter worth $118,445,000. Northern Trust Corp increased its holdings in shares of Twitter by 42.8% in the 2nd quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock worth $449,336,000 after buying an additional 3,084,415 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust bought a new position in shares of Twitter in the 3rd quarter worth $569,000. 64.18% of the stock is currently owned by hedge funds and other institutional investors.
In other Twitter news, Director David S. Rosenblatt sold 30,000 shares of the stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $34.30, for a total transaction of $1,029,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ned D. Segal sold 6,000 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $30.44, for a total transaction of $182,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,744,843 shares of company stock valued at $238,837,447 in the last three months. 10.79% of the stock is currently owned by corporate insiders.
Shares of TWTR opened at $32.83 on Friday. The firm has a market cap of $25.09 billion, a price-to-earnings ratio of 547.17, a PEG ratio of 3.19 and a beta of 0.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.61 and a quick ratio of 4.61. Twitter Inc has a twelve month low of $20.95 and a twelve month high of $47.79.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.17. The business had revenue of $758.11 million during the quarter, compared to analysts’ expectations of $703.57 million. Twitter had a net margin of 36.35% and a return on equity of 6.75%. As a group, equities research analysts forecast that Twitter Inc will post 0.47 EPS for the current fiscal year.
A number of brokerages have recently commented on TWTR. Guggenheim began coverage on shares of Twitter in a report on Thursday. They issued a “buy” rating and a $39.00 price target on the stock. Zacks Investment Research reaffirmed a “strong-buy” rating and set a $37.00 target price on shares of Twitter in a report on Saturday, November 17th. ValuEngine raised shares of Twitter from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 31st. TheStreet raised shares of Twitter from a “c” rating to a “b-” rating in a report on Friday, October 26th. Finally, Aegis increased their target price on shares of Twitter from $40.00 to $41.00 and gave the company a “buy” rating in a report on Monday, October 29th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.90.
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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