Zeke Capital Advisors LLC lifted its holdings in shares of Twitter Inc (NYSE:TWTR) by 19.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,126 shares of the social networking company’s stock after buying an additional 2,500 shares during the period. Zeke Capital Advisors LLC’s holdings in Twitter were worth $363,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of TWTR. Ark Investment Management LLC boosted its position in shares of Twitter by 28.3% during the second quarter. Ark Investment Management LLC now owns 921,982 shares of the social networking company’s stock worth $16,476,000 after buying an additional 203,096 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Twitter during the third quarter worth approximately $252,000. CIBC Asset Management Inc boosted its position in shares of Twitter by 12.1% during the third quarter. CIBC Asset Management Inc now owns 29,948 shares of the social networking company’s stock worth $505,000 after buying an additional 3,225 shares during the period. New York State Common Retirement Fund boosted its position in shares of Twitter by 1.7% during the third quarter. New York State Common Retirement Fund now owns 1,484,200 shares of the social networking company’s stock worth $25,038,000 after buying an additional 25,500 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of Twitter by 245.6% during the third quarter. Toronto Dominion Bank now owns 26,237 shares of the social networking company’s stock worth $443,000 after buying an additional 18,645 shares during the period. Institutional investors and hedge funds own 54.65% of the company’s stock.
Shares of Twitter Inc (NYSE TWTR) traded down $1.58 during trading hours on Tuesday, reaching $33.40. 7,399,512 shares of the company’s stock traded hands, compared to its average volume of 30,181,479. The company has a debt-to-equity ratio of 0.34, a quick ratio of 9.12 and a current ratio of 9.12. Twitter Inc has a 52 week low of $14.12 and a 52 week high of $36.80. The firm has a market cap of $26,717.19, a P/E ratio of -218.63, a P/E/G ratio of 9.52 and a beta of 0.81.
Twitter (NYSE:TWTR) last announced its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. The company had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. During the same period in the previous year, the business earned $0.11 EPS. The company’s revenue was up 2.0% on a year-over-year basis. analysts expect that Twitter Inc will post 0.17 EPS for the current year.
In other news, insider Robert Kaiden sold 1,186 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $24.44, for a total transaction of $28,985.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Evan Clark Williams sold 546,200 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $24.29, for a total transaction of $13,267,198.00. Following the transaction, the director now owns 2,328,359 shares in the company, valued at $56,555,840.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,282,379 shares of company stock worth $70,559,388. Company insiders own 9.18% of the company’s stock.
A number of equities research analysts have weighed in on TWTR shares. Summit Redstone started coverage on Twitter in a research report on Monday, December 18th. They issued a “buy” rating and a $26.00 target price for the company. Vetr downgraded Twitter from a “buy” rating to a “hold” rating and set a $29.35 target price for the company. in a research report on Monday, February 12th. Jefferies Group restated a “hold” rating and issued a $22.00 target price on shares of Twitter in a research report on Monday, January 8th. Wedbush set a $18.00 target price on Twitter and gave the stock a “hold” rating in a research report on Monday, February 5th. Finally, MKM Partners upped their target price on Twitter from $18.00 to $21.50 and gave the stock a “neutral” rating in a research report on Thursday, November 30th. Eight investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $23.46.
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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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