State of Wisconsin Investment Board raised its position in shares of Twitter Inc. (NYSE:TWTR) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 748,431 shares of the social networking company’s stock after buying an additional 13,115 shares during the period. State of Wisconsin Investment Board owned about 0.10% of Twitter worth $21,712,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TWTR. Coatue Management LLC increased its holdings in shares of Twitter by 209.9% during the fourth quarter. Coatue Management LLC now owns 24,354,222 shares of the social networking company’s stock worth $584,745,000 after buying an additional 16,496,725 shares in the last quarter. Element Capital Management LLC acquired a new stake in shares of Twitter during the fourth quarter worth approximately $71,888,000. SG Americas Securities LLC increased its holdings in shares of Twitter by 18,701.9% during the fourth quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock worth $58,081,000 after buying an additional 2,406,186 shares in the last quarter. Cambiar Investors LLC acquired a new stake in shares of Twitter during the fourth quarter worth approximately $53,753,000. Finally, Key Square Capital Management LLC increased its holdings in shares of 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 purchasing an additional 2,157,882 shares in the last quarter. 54.50% of the stock is owned by institutional investors.
TWTR has been the subject of a number of research reports. Vetr lowered shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $26.78 price target for the company. in a report on Monday, January 29th. Cascend Securities initiated coverage on shares of Twitter in a report on Wednesday, April 11th. They issued a “buy” rating and a $36.00 price target for the company. ValuEngine raised shares of Twitter from a “hold” rating to a “buy” rating in a report on Wednesday, April 18th. MKM Partners raised shares of Twitter from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a report on Friday, April 20th. Finally, Maxim Group raised shares of Twitter from a “neutral” rating to a “buy” rating in a report on Friday, April 20th. Five analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Twitter currently has a consensus rating of “Hold” and a consensus price target of $26.40.
In other news, insider Robert Kaiden sold 3,342 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $31.77, for a total transaction of $106,175.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Evan Clark Williams sold 546,200 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $33.36, for a total transaction of $18,221,232.00. Following the transaction, the director now owns 2,218,744 shares in the company, valued at $74,017,299.84. The disclosure for this sale can be found here. Insiders sold a total of 4,125,257 shares of company stock worth $131,090,041 over the last quarter. Company insiders own 6.62% of the company’s stock.
TWTR opened at $32.77 on Thursday. The firm has a market capitalization of $25.13 billion, a P/E ratio of 546.17, a P/E/G ratio of 4.17 and a beta of 0.85. Twitter Inc. has a 12 month low of $32.58 and a 12 month high of $33.21. The company has a current ratio of 10.23, a quick ratio of 10.23 and a debt-to-equity ratio of 0.33.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Wednesday, April 25th. The social networking company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.15. Twitter had a net margin of 0.57% and a return on equity of 2.81%. The firm had revenue of $665.00 million for the quarter, compared to analyst estimates of $607.56 million. During the same period in the previous year, the business earned $0.07 EPS. The company’s revenue was up 21.3% compared to the same quarter last year. equities analysts forecast that Twitter Inc. will post 0.35 EPS for the current year.
Twitter Company Profile
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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