Systematic Financial Management LP Purchases Shares of 804,599 Twitter Inc (TWTR)

Systematic Financial Management LP purchased a new stake in Twitter Inc (NYSE:TWTR) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 804,599 shares of the social networking company’s stock, valued at approximately $19,318,000.

A number of other institutional investors and hedge funds have also modified their holdings of TWTR. Balentine LLC raised its holdings in Twitter by 86.6% in the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after acquiring an additional 3,167 shares during the last quarter. Toronto Dominion Bank raised its holdings in Twitter by 21.3% in the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after acquiring an additional 1,333 shares during the last quarter. Malaga Cove Capital LLC acquired a new position in Twitter in the 3rd quarter valued at $154,000. Staley Capital Advisers Inc. acquired a new position in Twitter in the 3rd quarter valued at $173,000. Finally, Berkshire Asset Management LLC PA acquired a new position in Twitter in the 3rd quarter valued at $184,000. Institutional investors own 52.08% of the company’s stock.

Several brokerages have weighed in on TWTR. Cantor Fitzgerald reiterated a “hold” rating and issued a $16.00 price target on shares of Twitter in a report on Monday, October 23rd. Vetr cut shares of Twitter from a “strong-buy” rating to a “hold” rating and set a $19.88 price objective for the company. in a research note on Thursday, October 26th. Barclays boosted their price objective on shares of Twitter from $16.00 to $18.00 and gave the company an “underweight” rating in a research note on Friday, October 27th. Citigroup raised shares of Twitter from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $19.90 to $20.00 in a research note on Monday, November 6th. Finally, SunTrust Banks boosted their price objective on shares of Twitter to $29.00 and gave the company a “hold” rating in a research note on Friday, February 9th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have given a buy rating to the stock. Twitter presently has a consensus rating of “Hold” and an average target price of $23.46.

In other Twitter news, insider Robert Kaiden sold 6,018 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $26.17, for a total value of $157,491.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $20.71, for a total transaction of $310,650.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,660,011 shares of company stock valued at $58,164,211. 9.18% of the stock is owned by insiders.

Shares of Twitter Inc (NYSE TWTR) opened at $33.06 on Tuesday. The firm has a market cap of $24,560.00, a PE ratio of -220.40, a P/E/G ratio of 9.96 and a beta of 1.14. Twitter Inc has a 12 month low of $14.12 and a 12 month high of $35.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40.

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

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Twitter Profile

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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