Brown Advisory Securities LLC grew its stake in Twitter Inc (NYSE:TWTR) by 20.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,198 shares of the social networking company’s stock after buying an additional 3,998 shares during the period. Brown Advisory Securities LLC’s holdings in Twitter were worth $556,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. B. Riley Financial Inc. acquired a new stake in Twitter during the 4th quarter worth $262,000. Synovus Financial Corp acquired a new stake in Twitter during the 4th quarter worth $2,387,000. American International Group Inc. acquired a new stake in Twitter during the 4th quarter worth $339,000. Systematic Financial Management LP acquired a new stake in Twitter during the 4th quarter worth $19,318,000. Finally, UBS Asset Management Americas Inc. raised its stake in Twitter by 1.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,789,920 shares of the social networking company’s stock worth $42,976,000 after buying an additional 30,553 shares during the period. 52.08% of the stock is currently owned by institutional investors.
Twitter Inc (NYSE:TWTR) opened at $33.38 on Thursday. Twitter Inc has a 1-year low of $14.12 and a 1-year high of $35.00. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $24,790.00, a PE ratio of -222.53, a P/E/G ratio of 9.96 and a beta of 1.14.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Twitter had a positive return on equity of 0.79% and a negative net margin of 4.42%. The business had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. During the same quarter last year, the company posted $0.11 earnings per share. Twitter’s quarterly revenue was up 2.0% on a year-over-year basis. analysts forecast that Twitter Inc will post 0.15 EPS for the current fiscal year.
Several brokerages recently commented on TWTR. Argus raised Twitter from a “hold” rating to a “buy” rating and raised their price objective for the stock from $19.71 to $25.00 in a research note on Friday, November 3rd. Aegis raised Twitter from a “sell” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, January 16th. Susquehanna Bancshares raised their price objective on Twitter from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Vetr downgraded Twitter from a “strong-buy” rating to a “buy” rating and set a $26.90 price objective on the stock. in a research note on Wednesday, January 3rd. Finally, Robert W. Baird increased their target price on Twitter from $20.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Eight investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.46.
In other Twitter news, insider Robert Kaiden sold 6,018 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $26.17, for a total transaction of $157,491.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Evan Clark Williams sold 546,200 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $33.36, for a total transaction of $18,221,232.00. Following the sale, the director now owns 2,218,744 shares of the company’s stock, valued at $74,017,299.84. The disclosure for this sale can be found here. Insiders have sold 3,206,211 shares of company stock valued at $76,385,443 in the last quarter. 9.18% of the stock is currently owned by corporate insiders.
Twitter Company 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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