National Pension Service Purchases Shares of 756,760 Twitter Inc (TWTR)

National Pension Service purchased a new position in shares of Twitter Inc (NYSE:TWTR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 756,760 shares of the social networking company’s stock, valued at approximately $18,170,000. National Pension Service owned 0.10% of Twitter as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. NEXT Financial Group Inc boosted its position in Twitter by 15.6% during the 4th quarter. NEXT Financial Group Inc now owns 21,600 shares of the social networking company’s stock worth $519,000 after acquiring an additional 2,915 shares during the period. Bristol Advisors LLC acquired a new position in Twitter during the 4th quarter worth $1,801,000. Rockland Trust Co. acquired a new position in Twitter during the 4th quarter worth $219,000. Deane Retirement Strategies Inc. acquired a new stake in shares of Twitter in the fourth quarter valued at $2,257,000. Finally, DnB Asset Management AS lifted its holdings in shares of Twitter by 20.5% in the fourth quarter. DnB Asset Management AS now owns 66,500 shares of the social networking company’s stock valued at $1,597,000 after buying an additional 11,300 shares during the period. Institutional investors own 50.69% of the company’s stock.

Several analysts have recently weighed in on the company. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $27.54 price objective for the company. in a report on Monday, January 15th. Stifel Nicolaus restated a “hold” rating and issued a $21.00 price objective (up previously from $17.00) on shares of Twitter in a report on Friday. BidaskClub lowered Twitter from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Jefferies Group restated a “hold” rating and issued a $16.00 price objective on shares of Twitter in a report on Thursday, September 28th. Finally, SunTrust Banks restated a “hold” rating and issued a $18.00 price objective (up previously from $16.00) on shares of Twitter in a report on Friday, October 27th. They noted that the move was a valuation call. Ten analysts have rated the stock with a sell rating, twenty have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Twitter currently has a consensus rating of “Hold” and an average target price of $19.90.

In related news, CAO Robert Kaiden sold 6,574 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $20.59, for a total transaction of $135,358.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Evan Clark Williams sold 18,347 shares of the company’s stock in a transaction on Thursday, 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 directly owns 2,328,359 shares in the company, valued at $56,509,272.93. The disclosure for this sale can be found here. Insiders have sold 5,320,712 shares of company stock worth $113,341,301 over the last three months. 10.79% of the stock is owned by insiders.

Shares of Twitter Inc (NYSE:TWTR) opened at $23.66 on Monday. The stock has a market capitalization of $17,570.00, a price-to-earnings ratio of -46.39, a PEG ratio of 10.32 and a beta of 1.11. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter Inc has a 52-week low of $14.12 and a 52-week high of $25.85.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. Twitter’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 earnings per share. research analysts anticipate that Twitter Inc will post 0.02 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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