13,000 Shares in Twitter Inc (TWTR) Acquired by Emerald Advisers Inc. PA

Emerald Advisers Inc. PA bought a new stake in Twitter Inc (NYSE:TWTR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,000 shares of the social networking company’s stock, valued at approximately $370,000.

Several other large investors have also recently added to or reduced their stakes in TWTR. Northern Trust Corp boosted its position in Twitter by 42.8% during the second quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock worth $449,336,000 after purchasing an additional 3,084,415 shares during the period. American Century Companies Inc. bought a new position in Twitter during the second quarter worth $118,445,000. First Trust Advisors LP boosted its position in Twitter by 18.4% during the third quarter. First Trust Advisors LP now owns 10,400,990 shares of the social networking company’s stock worth $296,012,000 after purchasing an additional 1,616,515 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Twitter by 76.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,460,173 shares of the social networking company’s stock worth $107,436,000 after purchasing an additional 1,064,166 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in Twitter by 2,046.4% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,102,082 shares of the social networking company’s stock worth $31,365,000 after purchasing an additional 1,050,737 shares during the period. 64.80% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. ValuEngine raised shares of Twitter from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. TheStreet raised shares of Twitter from a “c” rating to a “b-” rating in a research report on Friday, October 26th. Zacks Investment Research cut shares of Twitter from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 29th. Aegis lifted their price objective on shares of Twitter from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 29th. Finally, CIBC raised shares of Twitter from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research report on Friday, October 26th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Twitter has an average rating of “Hold” and an average price target of $34.75.

In related news, Director David S. Rosenblatt sold 30,000 shares of the business’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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Evan Clark Williams sold 682,242 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $35.45, for a total value of $24,185,478.90. Following the completion of the transaction, the director now directly owns 1,634,718 shares of the company’s stock, valued at approximately $57,950,753.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,159,962 shares of company stock valued at $126,876,560. 10.79% of the stock is owned by insiders.

TWTR stock opened at $34.30 on Friday. The stock has a market capitalization of $26.11 billion, a P/E ratio of 571.67, a P/E/G ratio of 3.52 and a beta of 0.32. Twitter Inc has a 52 week low of $19.26 and a 52 week high of $47.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.61 and a quick ratio of 11.00.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 25th. The social networking company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.17. The business had revenue of $758.11 million during the quarter, compared to the consensus estimate of $703.57 million. Twitter had a return on equity of 6.75% and a net margin of 36.35%. On average, sell-side analysts predict that Twitter Inc will post 0.44 earnings per share for the current fiscal year.

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.

See Also: Initial Public Offering (IPO)

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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