Twitter Inc (TWTR) Director Evan Clark Williams Sells 682,242 Shares of Stock

Twitter Inc (NYSE:TWTR) Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $27.20, for a total transaction of $18,556,982.40. Following the sale, the director now owns 1,491,702 shares of the company’s stock, valued at $40,574,294.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Evan Clark Williams also recently made the following trade(s):

  • On Tuesday, September 25th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $28.84, for a total transaction of $19,675,859.28.
  • On Thursday, September 13th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $30.01, for a total transaction of $20,474,082.42.
  • On Thursday, August 30th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $35.45, for a total transaction of $24,185,478.90.
  • On Thursday, August 16th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $32.59, for a total transaction of $22,234,266.78.
  • On Tuesday, July 24th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $42.75, for a total transaction of $29,165,845.50.

TWTR opened at $27.99 on Friday. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.47. Twitter Inc has a 52-week low of $17.03 and a 52-week high of $47.79. The company has a market cap of $21.57 billion, a price-to-earnings ratio of 466.50, a price-to-earnings-growth ratio of 3.66 and a beta of 0.75.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Friday, July 27th. The social networking company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Twitter had a net margin of 8.57% and a return on equity of 4.37%. The company had revenue of $710.54 million during the quarter, compared to the consensus estimate of $697.35 million. During the same period in the previous year, the firm earned $0.08 earnings per share. Twitter’s revenue for the quarter was up 23.8% on a year-over-year basis. On average, research analysts predict that Twitter Inc will post 0.35 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on TWTR shares. Goldman Sachs Group reiterated a “buy” rating and set a $55.00 price target on shares of Twitter in a report on Friday, July 27th. UBS Group lifted their price target on shares of Twitter from $36.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, June 15th. ValuEngine downgraded shares of Twitter from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 28th. Morgan Stanley lifted their price target on shares of Twitter from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 11th. Finally, Canaccord Genuity restated a “hold” rating and issued a $32.00 target price (up from $28.00) on shares of Twitter in a report on Friday, July 27th. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Twitter currently has an average rating of “Hold” and an average target price of $32.72.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Linscomb & Williams Inc. lifted its position in shares of Twitter by 5.0% during the second quarter. Linscomb & Williams Inc. now owns 32,906 shares of the social networking company’s stock worth $1,437,000 after purchasing an additional 1,554 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Twitter by 1.9% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 84,636 shares of the social networking company’s stock worth $3,696,000 after purchasing an additional 1,596 shares in the last quarter. Carnegie Capital Asset Management LLC lifted its position in shares of Twitter by 1.5% during the second quarter. Carnegie Capital Asset Management LLC now owns 114,020 shares of the social networking company’s stock worth $3,784,000 after purchasing an additional 1,645 shares in the last quarter. TRUE Private Wealth Advisors raised its holdings in Twitter by 14.5% in the second quarter. TRUE Private Wealth Advisors now owns 13,969 shares of the social networking company’s stock valued at $610,000 after acquiring an additional 1,771 shares in the last quarter. Finally, Focused Wealth Management Inc raised its holdings in Twitter by 144.3% in the second quarter. Focused Wealth Management Inc now owns 3,217 shares of the social networking company’s stock valued at $140,000 after acquiring an additional 1,900 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

About Twitter

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.

Read More: Price to Earnings Ratio (PE)

Insider Buying and Selling by Quarter for Twitter (NYSE:TWTR)

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