Nissay Asset Management Corp Japan ADV lifted its stake in Twitter Inc (NYSE:TWTR) by 4.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,555 shares of the social networking company’s stock after acquiring an additional 3,555 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Twitter were worth $2,977,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of TWTR. Norges Bank acquired a new stake in Twitter during the fourth quarter worth $202,600,000. SRS Investment Management LLC acquired a new stake in Twitter during the fourth quarter worth $140,191,000. Oregon Public Employees Retirement Fund boosted its stake in Twitter by 2,245.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,309,218 shares of the social networking company’s stock worth $150,000 after buying an additional 4,125,455 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Twitter by 820.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,307,199 shares of the social networking company’s stock worth $95,042,000 after buying an additional 2,948,050 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its stake in Twitter by 1,085.7% during the first quarter. Nikko Asset Management Americas Inc. now owns 2,200,069 shares of the social networking company’s stock worth $72,338,000 after buying an additional 2,014,515 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.
Twitter stock opened at $36.93 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.47 and a quick ratio of 4.47. Twitter Inc has a 12-month low of $26.19 and a 12-month high of $47.79. The stock has a market capitalization of $28.74 billion, a P/E ratio of 67.15, a price-to-earnings-growth ratio of 2.44 and a beta of 0.59.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.31. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The business had revenue of $787.00 million during the quarter, compared to analysts’ expectations of $775.16 million. During the same period in the previous year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, sell-side analysts predict that Twitter Inc will post 0.64 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the stock. Canaccord Genuity reiterated a “hold” rating and set a $42.00 price target (up previously from $32.00) on shares of Twitter in a research note on Wednesday, April 24th. They noted that the move was a valuation call. UBS Group lifted their price objective on Twitter from $38.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Wedbush reissued a “hold” rating and set a $39.00 price objective on shares of Twitter in a report on Wednesday, April 24th. Summit Insights cut Twitter from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Finally, Aegis lifted their price objective on Twitter from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. Twitter has an average rating of “Hold” and an average price target of $39.77.
In related news, insider Vijaya Gadde sold 16,664 shares of Twitter stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $39.32, for a total value of $655,228.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Kaiden sold 8,291 shares of Twitter stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $40.00, for a total value of $331,640.00. The disclosure for this sale can be found here. Insiders sold 762,168 shares of company stock valued at $24,013,489 over the last ninety days. 2.65% of the stock is currently owned by company insiders.
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform 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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