Twitter, Inc. (NYSE:TWTR) Shares Acquired by Toroso Investments LLC

Toroso Investments LLC boosted its holdings in Twitter, Inc. (NYSE:TWTR) by 9.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,465 shares of the social networking company’s stock after acquiring an additional 2,474 shares during the quarter. Toroso Investments LLC’s holdings in Twitter were worth $1,959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TWTR. E Fund Management Co. Ltd. bought a new position in Twitter during the first quarter valued at about $89,000. CIBC Private Wealth Group LLC bought a new position in Twitter during the first quarter valued at about $200,000. Quadrant Capital Group LLC boosted its stake in Twitter by 18.6% during the first quarter. Quadrant Capital Group LLC now owns 3,066 shares of the social networking company’s stock valued at $195,000 after buying an additional 480 shares in the last quarter. Prudential Financial Inc. boosted its stake in Twitter by 21.6% during the first quarter. Prudential Financial Inc. now owns 729,263 shares of the social networking company’s stock valued at $46,403,000 after buying an additional 129,447 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its position in shares of Twitter by 123.2% in the 1st quarter. Cresset Asset Management LLC now owns 20,490 shares of the social networking company’s stock valued at $1,304,000 after purchasing an additional 11,310 shares during the period. Hedge funds and other institutional investors own 79.32% of the company’s stock.

In related news, insider Matthew Derella sold 18,382 shares of the business’s stock in a transaction dated Wednesday, August 4th. The stock was sold at an average price of $68.59, for a total value of $1,260,821.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijaya Gadde sold 2,388 shares of Twitter stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $59.86, for a total value of $142,945.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 107,774 shares of company stock valued at $7,044,259. Corporate insiders own 2.56% of the company’s stock.

A number of research firms recently weighed in on TWTR. UBS Group increased their price target on Twitter from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, July 23rd. KeyCorp raised their price target on Twitter from $77.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, July 23rd. The Goldman Sachs Group initiated coverage on Twitter in a research note on Monday, September 13th. They set a “sell” rating and a $60.00 price target for the company. BMO Capital Markets raised their price objective on Twitter from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, July 30th. Finally, Susquehanna lifted their price target on Twitter from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Friday, July 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Twitter has a consensus rating of “Hold” and an average price target of $72.80.

NYSE TWTR opened at $62.20 on Thursday. The company has a market cap of $49.63 billion, a price-to-earnings ratio of 132.34 and a beta of 0.77. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.55. Twitter, Inc. has a twelve month low of $38.93 and a twelve month high of $80.75. The business’s fifty day moving average is $63.35 and its 200 day moving average is $63.39.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, July 22nd. The social networking company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.14. Twitter had a return on equity of 4.80% and a net margin of 8.64%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company posted ($1.39) EPS. The business’s quarterly revenue was up 74.2% on a year-over-year basis. On average, research analysts anticipate that Twitter, Inc. will post 0.35 earnings per share for the current fiscal year.

Twitter Company Profile

Twitter, Inc is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions and news. The company’s services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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