Strs Ohio increased its stake in shares of Twitter Inc (NYSE:TWTR) by 36.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,388 shares of the social networking company’s stock after acquiring an additional 4,921 shares during the period. Strs Ohio’s holdings in Twitter were worth $523,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of TWTR. Tyers Asset Management LLC acquired a new stake in Twitter in the second quarter valued at approximately $326,000. CIBC World Markets Inc. grew its holdings in Twitter by 73.7% in the second quarter. CIBC World Markets Inc. now owns 23,406 shares of the social networking company’s stock valued at $1,022,000 after purchasing an additional 9,933 shares during the period. American Century Companies Inc. acquired a new stake in Twitter in the second quarter valued at approximately $118,445,000. Northern Trust Corp grew its holdings in Twitter by 42.8% in 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 purchasing an additional 3,084,415 shares during the period. Finally, Amalgamated Bank grew its holdings in Twitter by 45.6% in the second quarter. Amalgamated Bank now owns 108,946 shares of the social networking company’s stock valued at $4,758,000 after purchasing an additional 34,099 shares during the period. 65.14% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $35.45, for a total transaction of $24,185,478.90. Following the transaction, the director now owns 1,634,718 shares in the company, valued at $57,950,753.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ned D. Segal sold 6,000 shares of Twitter stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $30.44, for a total value of $182,640.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,174,995 shares of company stock worth $127,400,778. 10.79% of the stock is currently owned by company insiders.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, October 25th. The social networking company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.17. Twitter had a return on equity of 6.75% and a net margin of 36.35%. The firm had revenue of $758.11 million for the quarter, compared to the consensus estimate of $703.57 million. On average, research analysts predict that Twitter Inc will post 0.44 earnings per share for the current year.
TWTR has been the topic of several research analyst reports. Citigroup raised their price objective on Twitter from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Monday, July 30th. Goldman Sachs Group reissued a “buy” rating and issued a $55.00 price objective on shares of Twitter in a report on Friday, July 27th. ValuEngine lowered Twitter from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 28th. Moffett Nathanson dropped their price objective on Twitter from $23.00 to $21.00 and set a “sell” rating on the stock in a report on Monday, September 17th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $32.00 price objective (up from $28.00) on shares of Twitter in a report on Friday, July 27th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.75.
Twitter Company Profile
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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