AMP Capital Investors Ltd increased its position in shares of Twitter Inc (NYSE:TWTR) by 24.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,914 shares of the social networking company’s stock after buying an additional 39,787 shares during the period. AMP Capital Investors Ltd’s holdings in Twitter were worth $4,919,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Coatue Management LLC increased its stake in shares of Twitter by 209.9% during the fourth quarter. Coatue Management LLC now owns 24,354,222 shares of the social networking company’s stock valued at $584,745,000 after buying an additional 16,496,725 shares during the period. Geode Capital Management LLC boosted its position in Twitter by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 4,984,462 shares of the social networking company’s stock valued at $119,602,000 after purchasing an additional 121,702 shares in the last quarter. Key Square Capital Management LLC boosted its position in Twitter by 178.3% during the fourth quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock valued at $80,863,000 after purchasing an additional 2,157,882 shares in the last quarter. Legal & General Group Plc boosted its position in Twitter by 7.2% during the third quarter. Legal & General Group Plc now owns 2,849,832 shares of the social networking company’s stock valued at $48,076,000 after purchasing an additional 191,512 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Twitter by 18,701.9% during the fourth quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock valued at $58,081,000 after purchasing an additional 2,406,186 shares in the last quarter. Hedge funds and other institutional investors own 54.89% of the company’s stock.
Twitter stock opened at $35.58 on Monday. The company has a current ratio of 9.12, a quick ratio of 9.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $26,717.20, a P/E ratio of -222.38, a P/E/G ratio of 9.52 and a beta of 0.81. Twitter Inc has a 12-month low of $14.12 and a 12-month high of $36.80.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.05. The company had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. Twitter had a positive return on equity of 0.77% and a negative net margin of 4.42%. Twitter’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. equities analysts predict that Twitter Inc will post 0.17 EPS for the current year.
A number of equities research analysts recently weighed in on TWTR shares. Aegis raised Twitter from a “sell” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, January 16th. Zacks Investment Research raised Twitter from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Friday, January 12th. Vetr raised Twitter from a “buy” rating to a “strong-buy” rating and set a $25.65 price target for the company in a report on Thursday, November 23rd. BTIG Research raised their price target on Twitter from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $21.00 price target (up previously from $17.00) on shares of Twitter in a report on Friday, January 19th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have given a buy rating to the company’s stock. Twitter currently has an average rating of “Hold” and an average target price of $23.46.
In related news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $23.28, for a total transaction of $349,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Evan Clark Williams sold 18,347 shares of Twitter stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $24.27, for a total value of $445,281.69. Following the transaction, the director now owns 2,328,359 shares of the company’s stock, valued at $56,509,272.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,282,379 shares of company stock valued at $70,559,388. 10.79% of the stock is owned by company insiders.
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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