Advisor Partners LLC Acquires 1,333 Shares of Twitter Inc (NYSE:TWTR)

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Advisor Partners LLC lifted its holdings in Twitter Inc (NYSE:TWTR) by 12.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,992 shares of the social networking company’s stock after buying an additional 1,333 shares during the period. Advisor Partners LLC’s holdings in Twitter were worth $494,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TWTR. Nuveen Asset Management LLC raised its position in shares of Twitter by 17,011.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 10,494,744 shares of the social networking company’s stock worth $366,266,000 after acquiring an additional 10,433,413 shares in the last quarter. Renaissance Technologies LLC increased its position in Twitter by 331.4% in the 2nd quarter. Renaissance Technologies LLC now owns 7,337,600 shares of the social networking company’s stock valued at $256,082,000 after buying an additional 5,636,902 shares in the last quarter. Vanguard Group Inc. increased its position in Twitter by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 78,372,606 shares of the social networking company’s stock valued at $2,735,204,000 after buying an additional 1,510,879 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Twitter by 23.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,919,539 shares of the social networking company’s stock valued at $206,592,000 after buying an additional 1,110,127 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. increased its position in Twitter by 44.0% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 3,168,974 shares of the social networking company’s stock valued at $110,597,000 after buying an additional 968,905 shares in the last quarter. 69.22% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Ned D. Segal sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $40.37, for a total value of $322,960.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Montano sold 1,750 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $40.33, for a total value of $70,577.50. The disclosure for this sale can be found here. Insiders have sold a total of 141,087 shares of company stock valued at $5,773,613 in the last quarter. Company insiders own 2.65% of the company’s stock.

A number of analysts recently commented on TWTR shares. Wedbush reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Twitter in a research report on Friday. Nomura boosted their target price on Twitter from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Zacks Investment Research lowered Twitter from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a research report on Monday, September 30th. Cfra raised Twitter to a “hold” rating and set a $41.00 target price for the company in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada boosted their target price on Twitter to $42.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and fourteen have assigned a buy rating to the company. Twitter presently has an average rating of “Hold” and a consensus target price of $41.19.

TWTR stock opened at $38.99 on Monday. The company has a market capitalization of $30.62 billion, a P/E ratio of 70.89, a price-to-earnings-growth ratio of 0.82 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.33 and a current ratio of 4.33. Twitter Inc has a 52-week low of $26.26 and a 52-week high of $45.85. The business has a 50-day simple moving average of $41.86 and a two-hundred day simple moving average of $38.83.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Friday, July 26th. The social networking company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $841.40 million during the quarter, compared to the consensus estimate of $828.07 million. Twitter had a return on equity of 7.93% and a net margin of 71.46%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. As a group, sell-side analysts forecast that Twitter Inc will post 2.06 earnings per share for the current fiscal year.

Twitter 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, a platform 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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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