Traders Buy Shares of Twitter (TWTR) on Weakness

Investors bought shares of Twitter Inc (NYSE:TWTR) on weakness during trading on Friday. $165.37 million flowed into the stock on the tick-up and $108.12 million flowed out of the stock on the tick-down, for a money net flow of $57.25 million into the stock. Of all stocks tracked, Twitter had the 17th highest net in-flow for the day. Twitter traded down ($0.22) for the day and closed at $32.87

TWTR has been the subject of several research analyst reports. ValuEngine raised shares of Twitter from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 31st. Zacks Investment Research reaffirmed a “strong-buy” rating and issued a $37.00 target price on shares of Twitter in a research report on Saturday, November 17th. Aegis raised their target price on shares of Twitter from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 29th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $44.00 target price on shares of Twitter in a research report on Thursday. Finally, Oppenheimer raised shares of Twitter from a “market perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research report on Friday, October 26th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Twitter has a consensus rating of “Hold” and a consensus price target of $35.60.

The company has a market cap of $24.55 billion, a price-to-earnings ratio of 547.83, a PEG ratio of 2.91 and a beta of 0.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.61 and a current ratio of 4.61.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 25th. The social networking company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. The business had revenue of $758.11 million during the quarter, compared to analyst estimates of $703.57 million. Twitter had a net margin of 36.35% and a return on equity of 6.75%. Equities analysts forecast that Twitter Inc will post 0.46 EPS for the current year.

In other news, VP Michael Montano sold 1,250 shares of Twitter stock in a transaction that occurred on Monday, October 22nd. The shares were sold at an average price of $29.05, for a total value of $36,312.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Evan Clark Williams sold 3,076,923 shares of Twitter stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $31.59, for a total transaction of $97,199,997.57. Following the completion of the sale, the director now owns 1,340,394 shares of the company’s stock, valued at $42,343,046.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,086,486 shares of company stock valued at $224,660,057. 6.62% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in TWTR. Northern Trust Corp grew its position in Twitter by 42.8% during the second quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock valued at $449,336,000 after buying an additional 3,084,415 shares during the period. Eagle Asset Management Inc. bought a new stake in Twitter during the third quarter valued at approximately $67,655,000. Vanguard Group Inc. grew its position in Twitter by 2.7% during the third quarter. Vanguard Group Inc. now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after buying an additional 1,830,649 shares during the period. Vanguard Group Inc grew its position in Twitter by 2.7% during the third quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after buying an additional 1,830,649 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Twitter by 42.9% during the third quarter. The Manufacturers Life Insurance Company now owns 6,011,350 shares of the social networking company’s stock valued at $171,083,000 after buying an additional 1,804,706 shares during the period. Hedge funds and other institutional investors own 64.16% of the company’s stock.

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About Twitter (NYSE:TWTR)

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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