WEALTHFRONT Corp boosted its holdings in shares of Twitter Inc (NYSE:TWTR) by 15.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,550 shares of the social networking company’s stock after acquiring an additional 5,645 shares during the period. WEALTHFRONT Corp’s holdings in Twitter were worth $1,183,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of TWTR. Exane Derivatives increased its stake in Twitter by 303.0% during the 3rd 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. Castleark Management LLC bought a new stake in Twitter during the 2nd quarter valued at about $121,000. Quad Cities Investment Group LLC bought a new stake in Twitter during the 2nd quarter valued at about $132,000. Focused Wealth Management Inc increased its stake in Twitter by 144.3% during the 2nd quarter. Focused Wealth Management Inc now owns 3,217 shares of the social networking company’s stock valued at $140,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Twitter by 67.2% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 5,057 shares of the social networking company’s stock valued at $144,000 after purchasing an additional 2,033 shares in the last quarter. 64.18% of the stock is owned by institutional investors.
Shares of NYSE TWTR opened at $32.83 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.61 and a quick ratio of 4.61. The company has a market cap of $25.09 billion, a P/E ratio of 547.17, a price-to-earnings-growth ratio of 3.19 and a beta of 0.29. Twitter Inc has a 12-month low of $20.95 and a 12-month high of $47.79.
Twitter (NYSE:TWTR) last announced its earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share (EPS) for the quarter, beating the 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 net margin of 36.35% and a return on equity of 6.75%. Equities research analysts anticipate that Twitter Inc will post 0.47 EPS for the current year.
TWTR has been the subject of a number of analyst reports. ValuEngine upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 31st. Deutsche Bank reduced their price objective on shares of Twitter from $33.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, October 23rd. Moffett Nathanson reduced their price objective on shares of Twitter from $23.00 to $21.00 and set a “sell” rating for the company in a research note on Monday, September 17th. TheStreet upgraded shares of Twitter from a “c” rating to a “b-” rating in a research note on Friday, October 26th. Finally, Aegis raised their price objective on shares of Twitter from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, October 29th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $34.90.
In related news, Director Evan Clark Williams sold 682,242 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $30.01, for a total transaction of $20,474,082.42. Following the completion of the sale, the director now directly owns 1,586,809 shares in the company, valued at $47,620,138.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ned D. Segal sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $30.44, for a total transaction of $182,640.00. The disclosure for this sale can be found here. Insiders have sold 7,744,843 shares of company stock valued at $238,837,447 over the last 90 days. 10.79% of the stock is currently owned by company insiders.
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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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