Nomura Asset Management Co. Ltd. lifted its holdings in Twitter Inc. (NYSE:TWTR) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,161 shares of the social networking company’s stock after acquiring an additional 5,564 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Twitter were worth $2,021,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AMP Capital Investors Ltd boosted its holdings in shares of Twitter by 24.1% in the fourth quarter. AMP Capital Investors Ltd now owns 204,914 shares of the social networking company’s stock worth $4,919,000 after buying an additional 39,787 shares during the period. Profund Advisors LLC boosted its holdings in shares of Twitter by 2.0% during the fourth quarter. Profund Advisors LLC now owns 202,387 shares of the social networking company’s stock worth $4,859,000 after purchasing an additional 4,028 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Twitter during the fourth quarter worth approximately $42,918,000. University of Notre Dame DU Lac boosted its holdings in shares of Twitter by 20.6% during the fourth quarter. University of Notre Dame DU Lac now owns 356,548 shares of the social networking company’s stock worth $8,561,000 after purchasing an additional 60,874 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in shares of Twitter by 16.2% during the fourth quarter. Moors & Cabot Inc. now owns 18,425 shares of the social networking company’s stock worth $441,000 after purchasing an additional 2,575 shares during the period. 54.67% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on TWTR. Aegis upgraded shares of Twitter from a “sell” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, January 16th. Vetr lowered shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $26.90 target price on the stock. in a research report on Wednesday, January 3rd. Robert W. Baird boosted their price target on shares of Twitter from $20.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Canaccord Genuity boosted their price target on shares of Twitter from $21.00 to $25.00 and gave the company a “hold” rating in a report on Friday, February 9th. Finally, SunTrust Banks boosted their target price on shares of Twitter to $29.00 and gave the company a “hold” rating in a research note on Friday, February 9th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.51.
In other Twitter news, insider Robert Kaiden sold 1,421 shares of Twitter stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $28.12, for a total value of $39,958.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Matthew Derella sold 7,008 shares of Twitter stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $27.80, for a total value of $194,822.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,271,075 shares of company stock worth $72,908,543. 10.79% of the stock is owned by insiders.
Shares of TWTR stock traded down $0.54 during mid-day trading on Friday, reaching $28.10. 15,317,967 shares of the stock traded hands, compared to its average volume of 31,476,634. Twitter Inc. has a 1-year low of $14.12 and a 1-year high of $36.80. The firm has a market capitalization of $21,505.91, a price-to-earnings ratio of 468.33, a PEG ratio of 7.78 and a beta of 0.86. The company has a current ratio of 9.12, a quick ratio of 9.12 and a debt-to-equity ratio of 0.34.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.05. The firm had revenue of $731.60 million for the quarter, compared to analyst estimates of $686.12 million. Twitter had a positive return on equity of 0.77% and a negative net margin of 4.42%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. sell-side analysts predict that Twitter Inc. will post 0.17 earnings per share for the current fiscal year.
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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.
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