Verity Asset Management Inc. boosted its position in shares of Twitter, Inc. (NYSE:TWTR) by 14.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,842 shares of the social networking company’s stock after purchasing an additional 2,578 shares during the period. Verity Asset Management Inc.’s holdings in Twitter were worth $372,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Independence Advisors LLC purchased a new position in Twitter during the 2nd quarter worth approximately $231,000. Gilder Gagnon Howe & Co. LLC grew its position in Twitter by 112.3% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock worth $157,000 after purchasing an additional 4,645 shares in the last quarter. Federated Investors Inc. PA purchased a new position in Twitter during the 2nd quarter worth approximately $174,000. Westside Investment Management Inc. grew its position in Twitter by 46.0% during the 1st quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock worth $152,000 after purchasing an additional 3,295 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in Twitter during the 1st quarter worth approximately $159,000. Hedge funds and other institutional investors own 49.17% of the company’s stock.
Shares of Twitter, Inc. (NYSE TWTR) traded down 1.10% during trading on Friday, hitting $18.01. 12,649,429 shares of the stock were exchanged. The firm’s market capitalization is $13.20 billion. Twitter, Inc. has a 52 week low of $14.12 and a 52 week high of $25.25. The firm has a 50 day moving average price of $16.69 and a 200 day moving average price of $16.90.
Twitter (NYSE:TWTR) last posted its earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The business had revenue of $574.00 million for the quarter, compared to the consensus estimate of $536.63 million. During the same period last year, the company earned $0.13 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. Analysts forecast that Twitter, Inc. will post $0.33 EPS for the current fiscal year.
In related news, Director Evan Clark Williams sold 546,200 shares of Twitter stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $18.15, for a total transaction of $9,913,530.00. Following the sale, the director now directly owns 2,658,594 shares in the company, valued at approximately $48,253,481.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Kaiden sold 4,725 shares of Twitter stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $16.06, for a total transaction of $75,883.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,361,870 shares of company stock worth $43,006,805. 10.79% of the stock is owned by corporate insiders.
TWTR has been the subject of a number of research reports. Vetr raised shares of Twitter from a “hold” rating to a “buy” rating and set a $18.35 target price for the company in a research note on Tuesday, June 6th. OTR Global raised shares of Twitter from a “negative” rating to a “mixed” rating in a research note on Thursday, July 13th. Royal Bank Of Canada reissued an “underperform” rating on shares of Twitter in a research note on Saturday, June 3rd. Pivotal Research reissued a “hold” rating and set a $17.00 target price (up previously from $15.00) on shares of Twitter in a research note on Monday, July 17th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Twitter in a research note on Saturday, July 22nd. Seventeen investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.49.
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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