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, 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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