Meiji Yasuda Asset Management Co Ltd. trimmed its position in Twitter Inc (NYSE:TWTR) by 50.0% during the first quarter, Holdings Channel reports. The institutional investor owned 9,230 shares of the social networking company’s stock after selling 9,230 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Twitter were worth $303,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc raised its holdings in Twitter by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after buying an additional 1,830,649 shares during the period. Dupont Capital Management Corp raised its holdings in Twitter by 148.1% in the 4th quarter. Dupont Capital Management Corp now owns 17,350 shares of the social networking company’s stock valued at $499,000 after buying an additional 10,357 shares during the period. TD Asset Management Inc. raised its holdings in Twitter by 4.2% in the 4th quarter. TD Asset Management Inc. now owns 239,410 shares of the social networking company’s stock valued at $6,880,000 after buying an additional 9,600 shares during the period. Financial Gravity Companies Inc. purchased a new stake in Twitter in the 4th quarter valued at about $27,000. Finally, Enlightenment Research LLC purchased a new stake in Twitter in the 4th quarter valued at about $63,000. Hedge funds and other institutional investors own 67.11% of the company’s stock.
Shares of Twitter stock opened at $36.15 on Friday. Twitter Inc has a one year low of $26.19 and a one year high of $47.79. The stock has a market cap of $27.93 billion, a PE ratio of 61.59, a P/E/G ratio of 2.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.47 and a quick ratio of 4.47.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Tuesday, April 23rd. The social networking company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.31. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The business had revenue of $787.00 million during the quarter, compared to the consensus estimate of $775.16 million. During the same period in the previous year, the company posted $0.16 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, sell-side analysts predict that Twitter Inc will post 0.64 earnings per share for the current year.
Several analysts recently issued reports on TWTR shares. Oppenheimer boosted their price objective on shares of Twitter from $33.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Jefferies Financial Group boosted their price target on shares of Twitter from $33.00 to $41.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $40.00 price target on shares of Twitter in a research note on Tuesday, April 23rd. Guggenheim reiterated a “buy” rating and set a $44.00 price target (up from $41.00) on shares of Twitter in a research note on Wednesday, April 24th. Finally, Nomura boosted their price target on shares of Twitter from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $39.78.
In related news, CFO Ned D. Segal sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $35.00, for a total value of $210,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Montano sold 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $36.50, for a total value of $45,625.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,265 shares of company stock valued at $3,579,010. Corporate insiders own 2.65% of the company’s stock.
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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, a platform 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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