Bailard Inc. raised its stake in shares of Twitter Inc (NYSE:TWTR) by 43.0% in the 4th quarter, Holdings Channel reports. The fund owned 38,667 shares of the social networking company’s stock after acquiring an additional 11,636 shares during the quarter. Bailard Inc.’s holdings in Twitter were worth $1,111,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Atalanta Sosnoff Capital LLC purchased a new stake in Twitter during the 4th quarter valued at approximately $17,581,000. Centre Asset Management LLC purchased a new stake in Twitter during the 4th quarter valued at approximately $7,243,000. New Jersey Better Educational Savings Trust purchased a new stake in Twitter during the 3rd quarter valued at approximately $569,000. MACRO Consulting Group purchased a new stake in Twitter during the 4th quarter valued at approximately $200,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Twitter by 2,046.4% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,102,082 shares of the social networking company’s stock valued at $31,365,000 after acquiring an additional 1,050,737 shares during the last quarter. 64.38% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the company. Deutsche Bank cut their target price on Twitter from $33.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, October 23rd. Wedbush reissued a “neutral” rating on shares of Twitter in a research note on Monday. Summit Insights downgraded Twitter from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research downgraded Twitter from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 29th. Finally, Aegis increased their target price on Twitter from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $35.13.
TWTR opened at $30.23 on Tuesday. The company has a market capitalization of $22.85 billion, a P/E ratio of 54.96, a PEG ratio of 5.01 and a beta of 0.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 4.61 and a current ratio of 4.69. Twitter Inc has a 1-year low of $26.19 and a 1-year high of $47.79.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, February 7th. The social networking company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.15. The business had revenue of $908.84 million for the quarter, compared to analysts’ expectations of $864.87 million. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The company’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS. As a group, equities research analysts forecast that Twitter Inc will post 0.52 earnings per share for the current fiscal year.
In other Twitter news, Director Evan Clark Williams sold 3,076,923 shares of the stock in a transaction on Friday, November 30th. The stock was sold at an average price of $31.59, for a total transaction of $97,199,997.57. Following the sale, the director now owns 1,340,394 shares in the company, valued at approximately $42,343,046.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Kaiden sold 3,538 shares of the stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $33.06, for a total value of $116,966.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,069,100 shares of company stock worth $226,847,819. Insiders own 6.62% of the company’s stock.
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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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