Quadrature Capital Ltd acquired a new position in shares of Twitter Inc (NYSE:TWTR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 445,175 shares of the social networking company’s stock, valued at approximately $10,693,000. Twitter makes up approximately 1.0% of Quadrature Capital Ltd’s holdings, making the stock its 23rd largest position. Quadrature Capital Ltd owned approximately 0.06% of Twitter at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in TWTR. Balentine LLC boosted its stake in shares of Twitter by 86.6% in the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after purchasing an additional 3,167 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Twitter by 21.3% in the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after purchasing an additional 1,333 shares in the last quarter. Marcus Capital LLC acquired a new stake in shares of Twitter in the 4th quarter valued at approximately $212,000. Telemus Capital LLC acquired a new stake in shares of Twitter in the 4th quarter valued at approximately $214,000. Finally, Malaga Cove Capital LLC acquired a new stake in shares of Twitter in the 3rd quarter valued at approximately $154,000. Hedge funds and other institutional investors own 52.08% of the company’s stock.
Shares of Twitter Inc (NYSE:TWTR) opened at $32.11 on Friday. The firm has a market cap of $24,794.45, a price-to-earnings ratio of -200.69, a PEG ratio of 9.51 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter Inc has a one year low of $14.12 and a one year high of $35.00.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.79%. The business had revenue of $731.60 million during the quarter, compared to the consensus estimate of $686.12 million. During the same quarter last year, the firm posted $0.11 EPS. Twitter’s revenue was up 2.0% compared to the same quarter last year. analysts expect that Twitter Inc will post 0.16 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. Barclays raised their price target on shares of Twitter from $16.00 to $18.00 and gave the company an “underweight” rating in a research note on Friday, October 27th. Vetr downgraded shares of Twitter from a “strong-buy” rating to a “hold” rating and set a $19.88 price target on the stock. in a research note on Thursday, October 26th. Citigroup upgraded shares of Twitter from a “sell” rating to a “neutral” rating and raised their price objective for the company from $19.90 to $20.00 in a report on Monday, November 6th. SunTrust Banks raised their price objective on shares of Twitter to $29.00 and gave the company a “hold” rating in a report on Friday, February 9th. They noted that the move was a valuation call. Finally, Wells Fargo & Co raised their price objective on shares of Twitter to $28.00 and gave the company a “market perform” rating in a report on Friday, February 9th. Eight investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have issued a buy rating to the stock. Twitter currently has an average rating of “Hold” and a consensus price target of $23.46.
In related news, Director Evan Clark Williams sold 1,982,985 shares of Twitter stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $21.12, for a total value of $41,880,643.20. Following the completion of the sale, the director now owns 2,401,747 shares of the company’s stock, valued at approximately $50,724,896.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $20.71, for a total transaction of $310,650.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,206,211 shares of company stock valued at $76,385,443. 10.79% of the stock is currently owned by insiders.
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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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