Twitter, Inc. (NYSE:TWTR) Shares Purchased by Parallel Advisors LLC

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Parallel Advisors LLC increased its stake in shares of Twitter, Inc. (NYSE:TWTR) by 77.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,846 shares of the social networking company’s stock after purchasing an additional 6,917 shares during the period. Parallel Advisors LLC’s holdings in Twitter were worth $705,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TWTR. M&R Capital Management Inc. grew its stake in Twitter by 122.2% during the 2nd quarter. M&R Capital Management Inc. now owns 1,000 shares of the social networking company’s stock valued at $29,000 after acquiring an additional 550 shares in the last quarter. Weaver Consulting Group grew its stake in Twitter by 430.1% during the 2nd quarter. Weaver Consulting Group now owns 986 shares of the social networking company’s stock valued at $29,000 after acquiring an additional 800 shares in the last quarter. Kistler Tiffany Companies LLC purchased a new stake in Twitter during the 2nd quarter valued at about $36,000. Westside Investment Management Inc. grew its stake in Twitter by 149.2% during the 2nd quarter. Westside Investment Management Inc. now owns 1,545 shares of the social networking company’s stock valued at $46,000 after acquiring an additional 925 shares in the last quarter. Finally, North Star Investment Management Corp. grew its stake in Twitter by 361.8% during the 3rd quarter. North Star Investment Management Corp. now owns 1,404 shares of the social networking company’s stock valued at $62,000 after acquiring an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 71.92% of the company’s stock.

In related news, CFO Ned D. Segal sold 17,216 shares of Twitter stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $40.58, for a total transaction of $698,625.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael Montano sold 1,750 shares of Twitter stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $36.50, for a total transaction of $63,875.00. The disclosure for this sale can be found here. Insiders sold a total of 69,948 shares of company stock worth $2,787,595 over the last 90 days. Company insiders own 2.64% of the company’s stock.

Shares of TWTR traded down $10.54 during midday trading on Friday, reaching $41.89. The stock had a trading volume of 2,375,212 shares, compared to its average volume of 20,486,061. Twitter, Inc. has a 1-year low of $20.00 and a 1-year high of $52.93. The company’s fifty day simple moving average is $44.67 and its two-hundred day simple moving average is $36.48. The company has a market cap of $41.47 billion, a price-to-earnings ratio of -30.53 and a beta of 0.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 10.10 and a quick ratio of 10.10.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, October 29th. The social networking company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.26. Twitter had a negative net margin of 32.54% and a negative return on equity of 12.17%. The business had revenue of $936.23 million for the quarter, compared to analyst estimates of $773.16 million. During the same period last year, the business earned $0.17 EPS. The company’s revenue was up 13.7% on a year-over-year basis. On average, sell-side analysts forecast that Twitter, Inc. will post -1.57 earnings per share for the current year.

TWTR has been the subject of several research reports. Jefferies Financial Group upped their price objective on shares of Twitter from $39.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday, October 20th. Guggenheim raised shares of Twitter to a “neutral” rating and increased their price target for the company from $28.00 to $39.00 in a research note on Friday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Twitter from $39.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday. KeyCorp began coverage on shares of Twitter in a research note on Monday, September 14th. They issued a “sector weight” rating for the company. Finally, Oppenheimer increased their price target on shares of Twitter from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday. Five research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.66.

Twitter Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time United States and internationally. 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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