Stoneridge Investment Partners LLC boosted its position in shares of Twitter, Inc. (NYSE:TWTR) by 18.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 379,747 shares of the social networking company’s stock after buying an additional 60,303 shares during the period. Stoneridge Investment Partners LLC owned about 0.05% of Twitter worth $6,786,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in Twitter by 3.9% in the first quarter. Nisa Investment Advisors LLC now owns 106,400 shares of the social networking company’s stock worth $1,591,000 after buying an additional 4,000 shares during the period. Kessler Investment Group LLC increased its position in shares of Twitter by 90.7% in the first quarter. Kessler Investment Group LLC now owns 22,890 shares of the social networking company’s stock worth $342,000 after buying an additional 10,884 shares in the last quarter. DnB Asset Management AS increased its position in shares of Twitter by 20.0% in the first quarter. DnB Asset Management AS now owns 52,100 shares of the social networking company’s stock worth $779,000 after buying an additional 8,700 shares in the last quarter. TB Alternative Assets Ltd. bought a new position in shares of Twitter during the first quarter worth $4,486,000. Finally, Reliance Trust Co. of Delaware increased its position in shares of Twitter by 33.0% in the first quarter. Reliance Trust Co. of Delaware now owns 80,951 shares of the social networking company’s stock worth $1,210,000 after buying an additional 20,080 shares in the last quarter. Hedge funds and other institutional investors own 47.36% of the company’s stock.
Shares of Twitter, Inc. (NYSE TWTR) traded up 0.76% during midday trading on Friday, reaching $15.99. 7,808,420 shares of the company’s stock were exchanged. The company’s market cap is $11.72 billion. Twitter, Inc. has a 12 month low of $14.12 and a 12 month high of $25.25. The firm has a 50 day moving average price of $17.69 and a 200 day moving average price of $16.85.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $574 million during the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Equities research analysts forecast that Twitter, Inc. will post $0.34 earnings per share for the current fiscal year.
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TWTR has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “hold” rating and issued a $14.50 target price on shares of Twitter in a research note on Friday, May 12th. BidaskClub downgraded shares of Twitter from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $20.00 target price on shares of Twitter in a research note on Sunday, July 30th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $17.00 target price on shares of Twitter in a research note on Friday, April 28th. Sixteen equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have issued a buy rating to the company. Twitter currently has a consensus rating of “Hold” and a consensus target price of $15.59.
In other news, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $17.46, for a total transaction of $261,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 853,700 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $19.38, for a total value of $16,544,706.00. Following the sale, the director now directly owns 2,735,038 shares of the company’s stock, valued at approximately $53,005,036.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,352,873 shares of company stock valued at $42,761,829. Insiders own 10.79% of the company’s stock.
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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