Element Capital Management LLC Acquires New Position in Twitter Inc. (NYSE:TWTR)

Element Capital Management LLC bought a new position in shares of Twitter Inc. (NYSE:TWTR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,994,092 shares of the social networking company’s stock, valued at approximately $71,888,000. Twitter accounts for about 1.5% of Element Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. Element Capital Management LLC owned 0.40% of Twitter as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Coatue Management LLC increased its stake in Twitter by 209.9% in the fourth quarter. Coatue Management LLC now owns 24,354,222 shares of the social networking company’s stock valued at $584,745,000 after acquiring an additional 16,496,725 shares during the last quarter. SG Americas Securities LLC increased its stake in Twitter by 18,701.9% in the fourth quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock valued at $58,081,000 after acquiring an additional 2,406,186 shares during the last quarter. Cambiar Investors LLC acquired a new stake in Twitter in the fourth quarter valued at approximately $53,753,000. Key Square Capital Management LLC boosted its position in Twitter by 178.3% in the fourth quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock valued at $80,863,000 after buying an additional 2,157,882 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Twitter in the fourth quarter valued at approximately $42,918,000. 54.67% of the stock is currently owned by institutional investors.

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Shares of Twitter stock traded down $0.54 during trading on Friday, reaching $28.10. The company’s stock had a trading volume of 15,317,967 shares, compared to its average volume of 31,476,634. The stock has a market capitalization of $21,505.91, a price-to-earnings ratio of 468.33, a price-to-earnings-growth ratio of 7.78 and a beta of 0.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 9.12 and a current ratio of 9.12. Twitter Inc. has a 52-week low of $14.12 and a 52-week high of $36.80.

Twitter (NYSE:TWTR) last posted its earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The firm had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.11 EPS. equities research analysts forecast that Twitter Inc. will post 0.17 earnings per share for the current fiscal year.

In other Twitter news, Director Evan Clark Williams sold 18,347 shares of Twitter stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $24.17, for a total transaction of $443,446.99. Following the transaction, the director now owns 2,291,665 shares of the company’s stock, valued at $55,389,543.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew Derella sold 7,008 shares of Twitter stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $27.80, for a total transaction of $194,822.40. The disclosure for this sale can be found here. Insiders sold 2,271,075 shares of company stock valued at $72,908,543 over the last quarter. Company insiders own 10.79% of the company’s stock.

TWTR has been the topic of a number of research analyst reports. Aegis upgraded shares of Twitter from a “sell” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Friday, January 12th. BTIG Research raised their target price on shares of Twitter from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Stifel Nicolaus restated a “hold” rating and issued a $21.00 target price (up previously from $17.00) on shares of Twitter in a research report on Friday, January 19th. Finally, Canaccord Genuity raised their target price on shares of Twitter from $21.00 to $25.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Twitter presently has an average rating of “Hold” and a consensus price target of $23.51.

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About Twitter

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.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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