Twitter Inc (TWTR) Holdings Increased by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA raised its holdings in Twitter Inc (NYSE:TWTR) by 15.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,356 shares of the social networking company’s stock after acquiring an additional 1,967 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Twitter were worth $409,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Bank of Montreal Can raised its holdings in shares of Twitter by 57.5% in the 3rd quarter. Bank of Montreal Can now owns 868,930 shares of the social networking company’s stock valued at $24,730,000 after acquiring an additional 317,145 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Twitter by 27.3% in the 3rd quarter. DAVENPORT & Co LLC now owns 14,894 shares of the social networking company’s stock valued at $424,000 after acquiring an additional 3,193 shares in the last quarter. World Asset Management Inc raised its holdings in shares of Twitter by 7.7% in the 3rd quarter. World Asset Management Inc now owns 48,028 shares of the social networking company’s stock valued at $1,367,000 after acquiring an additional 3,418 shares in the last quarter. DNB Asset Management AS increased its position in shares of Twitter by 6.2% during the 3rd quarter. DNB Asset Management AS now owns 85,914 shares of the social networking company’s stock valued at $2,445,000 after purchasing an additional 5,014 shares during the last quarter. Finally, Spence Asset Management bought a new position in shares of Twitter during the 3rd quarter valued at about $5,510,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. Pivotal Research upgraded Twitter from a “sell” rating to a “hold” rating and reduced their price objective for the company from $26.00 to $24.00 in a research report on Friday. Moffett Nathanson reduced their price objective on Twitter from $23.00 to $21.00 and set a “sell” rating on the stock in a research report on Monday, September 17th. Deutsche Bank increased their price objective on Twitter from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. Zacks Investment Research lowered Twitter from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Nomura upgraded Twitter from a “reduce” rating to a “neutral” rating and reduced their price objective for the company from $31.75 to $31.00 in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Twitter has a consensus rating of “Hold” and an average target price of $32.72.

In other news, insider Robert Kaiden sold 2,315 shares of Twitter stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $32.26, for a total value of $74,681.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $27.20, for a total value of $18,556,982.40. Following the completion of the sale, the director now owns 1,491,702 shares in the company, valued at $40,574,294.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,143,751 shares of company stock worth $135,852,556. 6.62% of the stock is owned by corporate insiders.

TWTR opened at $27.99 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.00 and a current ratio of 11.00. Twitter Inc has a 1 year low of $17.03 and a 1 year high of $47.79. The company has a market cap of $21.57 billion, a P/E ratio of 466.50, a P/E/G ratio of 3.66 and a beta of 0.75.

Twitter (NYSE:TWTR) last posted its quarterly earnings results 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 return on equity of 4.37% and a net margin of 8.57%. The business had revenue of $710.54 million for the quarter, compared to analyst estimates of $697.35 million. During the same period last year, the company earned $0.08 EPS. Twitter’s revenue for the quarter was up 23.8% compared to the same quarter last year. Research analysts forecast that Twitter Inc will post 0.35 earnings per share for the current fiscal year.

Twitter Company 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 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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