Cetera Advisors LLC Acquires 6,535 Shares of Twitter Inc (TWTR)

Cetera Advisors LLC boosted its holdings in Twitter Inc (NYSE:TWTR) by 44.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,261 shares of the social networking company’s stock after acquiring an additional 6,535 shares during the period. Cetera Advisors LLC’s holdings in Twitter were worth $507,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Exane Derivatives raised its holdings in shares of Twitter by 18.7% during the third quarter. Exane Derivatives now owns 59,516 shares of the social networking company’s stock valued at $1,004,000 after buying an additional 9,363 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after buying an additional 1,333 shares during the last quarter. Global X MANAGEMENT CO LLC raised its holdings in shares of Twitter by 16.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 835,541 shares of the social networking company’s stock valued at $14,096,000 after buying an additional 116,985 shares during the last quarter. Amerigo Asset Management raised its holdings in shares of Twitter by 46.2% during the third quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock valued at $115,997,000 after buying an additional 2,172,000 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Twitter by 4.0% during the third quarter. Rhumbline Advisers now owns 739,306 shares of the social networking company’s stock valued at $12,472,000 after buying an additional 28,504 shares during the last quarter. 49.26% of the stock is currently owned by hedge funds and other institutional investors.

In other Twitter news, Director Evan Clark Williams sold 1,982,985 shares of Twitter stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $21.12, for a total transaction of $41,880,643.20. Following the transaction, the director now directly owns 2,401,747 shares in the company, valued at approximately $50,724,896.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Kaiden sold 12,734 shares of Twitter stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $24.99, for a total transaction of $318,222.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,660,011 shares of company stock worth $58,164,211. 10.79% of the stock is currently owned by company insiders.

Twitter Inc (NYSE:TWTR) opened at $33.06 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. The stock has a market cap of $24,560.00, a P/E ratio of -220.40, a price-to-earnings-growth ratio of 10.12 and a beta of 1.14. Twitter Inc has a 12-month low of $14.12 and a 12-month high of $35.00.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The firm had revenue of $731.60 million for the quarter, compared to analyst estimates of $686.12 million. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.79%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. equities analysts forecast that Twitter Inc will post 0.15 EPS for the current year.

A number of research firms have recently weighed in on TWTR. Canaccord Genuity lifted their price target on Twitter from $21.00 to $25.00 and gave the company a “hold” rating in a report on Friday, February 9th. SunTrust Banks lifted their price target on Twitter to $29.00 and gave the company a “hold” rating in a report on Friday, February 9th. They noted that the move was a valuation call. Wells Fargo & Co lifted their price target on Twitter to $28.00 and gave the company a “market perform” rating in a report on Friday, February 9th. Bank of America lifted their price target on Twitter from $20.00 to $26.00 and gave the company an “underperform” rating in a report on Friday, February 9th. Finally, Vetr cut Twitter from a “buy” rating to a “hold” rating and set a $29.35 price target on the stock. in a report on Monday, February 12th. Eight investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Twitter has a consensus rating of “Hold” and an average target price of $23.35.

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About Twitter

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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