EP Wealth Advisors LLC bought a new position in Twitter Inc. (NYSE:TWTR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,969 shares of the social networking company’s stock, valued at approximately $215,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avestar Capital LLC purchased a new stake in Twitter in the 4th quarter worth approximately $103,000. Balentine LLC lifted its stake in Twitter by 86.6% in the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after purchasing an additional 3,167 shares in the last quarter. Malaga Cove Capital LLC purchased a new stake in Twitter in the 3rd quarter worth approximately $154,000. Staley Capital Advisers Inc. purchased a new stake in Twitter in the 3rd quarter worth approximately $173,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Twitter in the 3rd quarter worth approximately $200,000. Institutional investors and hedge funds own 54.67% of the company’s stock.
In other news, VP Matthew Derella sold 7,008 shares of the firm’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $27.80, for a total value of $194,822.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Evan Clark Williams sold 18,347 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $24.17, for a total transaction of $443,446.99. Following the completion of the sale, the director now directly owns 2,291,665 shares of the company’s stock, valued at $55,389,543.05. The disclosure for this sale can be found here. In the last three months, insiders sold 2,271,075 shares of company stock worth $72,908,543. Insiders own 10.79% of the company’s stock.
Twitter stock traded down $0.54 during trading hours on Friday, reaching $28.10. The stock had a trading volume of 15,317,967 shares, compared to its average volume of 31,476,634. The firm has a market cap of $21,505.91, a PE ratio of 468.33, a price-to-earnings-growth ratio of 7.78 and a beta of 0.86. Twitter Inc. has a 52 week low of $14.12 and a 52 week high of $36.80. The company has a quick ratio of 9.12, a current 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The business had revenue of $731.60 million for the quarter, compared to analyst estimates 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 revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. sell-side analysts expect that Twitter Inc. will post 0.17 earnings per share for the current fiscal year.
TWTR has been the topic of several recent analyst reports. Summit Redstone assumed coverage on shares of Twitter in a research note on Monday, December 18th. They issued a “buy” rating and a $26.00 target price on the stock. Vetr cut shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $25.02 price objective on the stock. in a research report on Friday, December 15th. Aegis upgraded shares of Twitter from a “sell” rating to a “buy” rating and set a $30.00 price objective 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 price objective on the stock in a research report on Friday, January 12th. Finally, BTIG Research raised their price objective 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. Eight investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Twitter has an average rating of “Hold” and a consensus price target of $23.51.
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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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