Dimensional Fund Advisors LP raised its holdings in Twitter, Inc. (NYSE:TWTR) by 16.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,606,588 shares of the social networking company’s stock after purchasing an additional 231,878 shares during the quarter. Dimensional Fund Advisors LP owned about 0.22% of Twitter worth $28,708,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of TWTR. PNC Financial Services Group Inc. increased its stake in Twitter by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 30,576 shares of the social networking company’s stock valued at $457,000 after purchasing an additional 1,745 shares during the period. AQR Capital Management LLC increased its stake in Twitter by 1.1% in the first quarter. AQR Capital Management LLC now owns 366,223 shares of the social networking company’s stock valued at $5,475,000 after purchasing an additional 4,030 shares during the period. Achmea Investment Management B.V. acquired a new position in Twitter in the first quarter valued at $221,000. Nomura Asset Management Co. Ltd. increased its stake in Twitter by 7.1% in the first quarter. Nomura Asset Management Co. Ltd. now owns 66,600 shares of the social networking company’s stock valued at $996,000 after purchasing an additional 4,400 shares during the period. Finally, DnB Asset Management AS increased its stake in Twitter by 6.0% in the second quarter. DnB Asset Management AS now owns 55,200 shares of the social networking company’s stock valued at $986,000 after purchasing an additional 3,100 shares during the period. Institutional investors own 49.68% of the company’s stock.
TWTR has been the topic of several analyst reports. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 target price on the stock in a report on Monday, October 23rd. Barclays PLC reaffirmed a “sell” rating and issued a $16.00 target price on shares of Twitter in a report on Friday, July 28th. Argus raised shares of Twitter from a “hold” rating to a “buy” rating and lifted their target price for the company from $19.71 to $25.00 in a report on Friday, November 3rd. Wedbush set a $16.00 target price on shares of Twitter and gave the company a “hold” rating in a report on Monday, October 23rd. Finally, Susquehanna Bancshares Inc lifted their target price on shares of Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. Twelve analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Twitter presently has a consensus rating of “Hold” and an average target price of $17.67.
In other Twitter news, insider Robert Kaiden sold 3,695 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $16.78, for a total transaction of $62,002.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $16.07, for a total transaction of $241,050.00. The disclosure for this sale can be found here. Insiders sold 3,486,445 shares of company stock valued at $68,390,081 over the last 90 days. Insiders own 10.79% of the company’s stock.
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Twitter, Inc. (NYSE:TWTR) opened at $20.32 on Friday. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter, Inc. has a 52 week low of $14.12 and a 52 week high of $21.96.
Twitter (NYSE:TWTR) last announced its earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $590.00 million during the quarter, compared to the consensus estimate of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. sell-side analysts forecast that Twitter, Inc. will post 0.02 EPS for the current fiscal year.
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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