Joel Isaacson & Co. LLC Purchases 2,145 Shares of Twitter, Inc. (NYSE:TWTR)

Joel Isaacson & Co. LLC raised its position in Twitter, Inc. (NYSE:TWTRGet Rating) by 2.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,614 shares of the social networking company’s stock after acquiring an additional 2,145 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Twitter were worth $3,650,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. MV Capital Management Inc. lifted its stake in shares of Twitter by 191.4% in the 1st quarter. MV Capital Management Inc. now owns 714 shares of the social networking company’s stock worth $28,000 after purchasing an additional 469 shares during the period. Mizuho Securities Co. Ltd. lifted its stake in shares of Twitter by 750.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 748 shares of the social networking company’s stock worth $29,000 after purchasing an additional 660 shares during the period. Tcwp LLC bought a new stake in Twitter during the 1st quarter worth approximately $30,000. Glassman Wealth Services raised its stake in Twitter by 47.1% during the 1st quarter. Glassman Wealth Services now owns 803 shares of the social networking company’s stock worth $31,000 after acquiring an additional 257 shares during the period. Finally, Kistler Tiffany Companies LLC bought a new stake in Twitter during the 1st quarter worth approximately $31,000. Institutional investors own 72.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TWTR. Jefferies Financial Group set a $40.00 target price on shares of Twitter in a research note on Monday, July 11th. Truist Financial decreased their target price on shares of Twitter from $50.00 to $43.00 and set a “hold” rating on the stock in a research note on Tuesday, July 19th. Rosenblatt Securities cut shares of Twitter from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $52.00 to $37.00 in a research note on Wednesday, August 24th. Citigroup raised their target price on shares of Twitter from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, July 25th. Finally, Mizuho cut their price objective on shares of Twitter from $54.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, July 11th. Three investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.27.

Insiders Place Their Bets

In other news, CFO Ned D. Segal sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $32.76, for a total transaction of $163,800.00. Following the sale, the chief financial officer now owns 711,333 shares in the company, valued at $23,303,269.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Kayvon Beykpour sold 14,878 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $41.09, for a total value of $611,337.02. Following the sale, the insider now owns 396,341 shares in the company, valued at $16,285,651.69. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ned D. Segal sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $32.76, for a total value of $163,800.00. Following the completion of the sale, the chief financial officer now owns 711,333 shares in the company, valued at approximately $23,303,269.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,799 shares of company stock worth $1,408,285. 2.70% of the stock is owned by corporate insiders.

Twitter Trading Down 0.8 %

NYSE TWTR traded down $0.32 on Friday, hitting $41.08. 302,718 shares of the stock were exchanged, compared to its average volume of 10,358,350. Twitter, Inc. has a 52-week low of $31.30 and a 52-week high of $68.41. The firm has a market capitalization of $31.44 billion, a P/E ratio of -207.00 and a beta of 0.65. The stock has a fifty day moving average price of $41.18 and a two-hundred day moving average price of $41.03. The company has a debt-to-equity ratio of 0.88, a quick ratio of 7.15 and a current ratio of 7.15.

Twitter (NYSE:TWTRGet Rating) last released its quarterly earnings data on Friday, July 22nd. The social networking company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.31). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.34 billion. Twitter had a negative net margin of 2.14% and a negative return on equity of 0.82%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 earnings per share. Research analysts forecast that Twitter, Inc. will post 0.29 EPS for the current fiscal year.

Twitter Company Profile

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Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.

Further Reading

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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