Twitter Inc (NYSE:TWTR) Director David S. Rosenblatt sold 30,000 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $34.30, for a total value of $1,029,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NYSE:TWTR traded down $0.32 during trading hours on Friday, hitting $34.30. 23,983,948 shares of the stock were exchanged, compared to its average volume of 31,434,502. Twitter Inc has a 52-week low of $19.26 and a 52-week high of $47.79. The company has a current ratio of 4.61, a quick ratio of 11.00 and a debt-to-equity ratio of 0.27. The firm has a market cap of $26.45 billion, a P/E ratio of 86.88, a price-to-earnings-growth ratio of 3.56 and a beta of 0.31.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, October 25th. The social networking company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.17. The company had revenue of $758.11 million during the quarter, compared to analyst estimates of $703.57 million. Twitter had a return on equity of 6.75% and a net margin of 36.35%. On average, research analysts forecast that Twitter Inc will post 0.44 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of TWTR. Northern Trust Corp grew its position in shares of Twitter by 42.8% in the second quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock valued at $449,336,000 after purchasing an additional 3,084,415 shares in the last quarter. American Century Companies Inc. acquired a new position in Twitter in the second quarter valued at approximately $118,445,000. First Trust Advisors LP lifted its holdings in Twitter by 18.4% in the third quarter. First Trust Advisors LP now owns 10,400,990 shares of the social networking company’s stock valued at $296,012,000 after acquiring an additional 1,616,515 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Twitter by 76.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,460,173 shares of the social networking company’s stock valued at $107,436,000 after acquiring an additional 1,064,166 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Twitter by 2,046.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,102,082 shares of the social networking company’s stock valued at $31,365,000 after acquiring an additional 1,050,737 shares during the last quarter. Institutional investors and hedge funds own 64.80% of the company’s stock.
A number of equities analysts recently weighed in on TWTR shares. Zacks Investment Research raised Twitter from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a report on Saturday, July 7th. Cleveland Research set a $46.00 price target on Twitter and gave the stock a “hold” rating in a report on Tuesday, July 10th. Bank of America set a $27.00 price target on Twitter and gave the stock a “sell” rating in a report on Tuesday, July 10th. Nomura started coverage on Twitter in a report on Tuesday, July 10th. They issued a “reduce” rating and a $31.00 price target for the company. Finally, Morgan Stanley upped their price target on Twitter from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 11th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Twitter has a consensus rating of “Hold” and an average target price of $34.75.
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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