IFP Advisors Inc decreased its position in shares of Twitter Inc (NYSE:TWTR) by 14.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,615 shares of the social networking company’s stock after selling 3,935 shares during the period. IFP Advisors Inc’s holdings in Twitter were worth $644,000 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 the company. Exane Derivatives increased its holdings in shares of Twitter by 303.0% in the third quarter. Exane Derivatives now owns 3,663 shares of the social networking company’s stock valued at $104,000 after purchasing an additional 2,754 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Twitter in the second quarter valued at approximately $112,000. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Twitter in the second quarter valued at approximately $113,000. Castleark Management LLC acquired a new stake in shares of Twitter in the second quarter valued at approximately $121,000. Finally, Quad Cities Investment Group LLC acquired a new stake in shares of Twitter in the second quarter valued at approximately $132,000. 64.80% of the stock is owned by institutional investors.
In related news, Director Evan Clark Williams sold 682,242 shares of the firm’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $35.45, for a total transaction of $24,185,478.90. Following the sale, the director now directly owns 1,634,718 shares in the company, valued at $57,950,753.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Kaiden sold 3,767 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $32.25, for a total transaction of $121,485.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,159,962 shares of company stock worth $126,876,560. Insiders own 10.79% of the company’s stock.
Shares of NYSE TWTR opened at $34.30 on Friday. The firm has a market cap of $26.11 billion, a PE ratio of 85.75, a PEG ratio of 3.52 and a beta of 0.32. Twitter Inc has a twelve month low of $19.26 and a twelve month 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.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.17. The company had revenue of $758.11 million for the quarter, compared to analysts’ expectations of $703.57 million. Twitter had a net margin of 36.35% and a return on equity of 6.75%. As a group, equities analysts anticipate that Twitter Inc will post 0.44 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of 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. Macquarie lowered shares of Twitter from an “outperform” rating to a “neutral” rating and raised their price target for the company from $36.00 to $42.00 in a report on Wednesday, July 18th. They noted that the move was a valuation call. Cleveland Research set a $46.00 price target on shares of Twitter and gave the company a “hold” rating in a report on Tuesday, July 10th. Bank of America set a $27.00 price target on shares of Twitter and gave the company a “sell” rating in a report on Tuesday, July 10th. Finally, Nomura assumed coverage on shares of Twitter in a report on Tuesday, July 10th. They issued a “reduce” rating and a $31.00 price target for the company. 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 issued a strong buy rating to the stock. The stock currently 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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