Rockbridge Investment Management LCC acquired a new stake in shares of Twitter Inc (NYSE:TWTR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,750 shares of the social networking company’s stock, valued at approximately $82,000.
Several other large investors also recently made changes to their positions in TWTR. M&R Capital Management Inc. lifted its holdings in Twitter by 122.2% in the 2nd quarter. M&R Capital Management Inc. now owns 1,000 shares of the social networking company’s stock worth $29,000 after purchasing an additional 550 shares in the last quarter. Weaver Consulting Group lifted its holdings in shares of Twitter by 430.1% in the second quarter. Weaver Consulting Group now owns 986 shares of the social networking company’s stock worth $29,000 after buying an additional 800 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Twitter by 254.3% during the first quarter. Meeder Asset Management Inc. now owns 1,396 shares of the social networking company’s stock worth $34,000 after acquiring an additional 1,002 shares during the last quarter. Kistler Tiffany Companies LLC purchased a new position in Twitter during the second quarter valued at $36,000. Finally, Westside Investment Management Inc. increased its holdings in Twitter by 149.2% in the 2nd quarter. Westside Investment Management Inc. now owns 1,545 shares of the social networking company’s stock valued at $46,000 after acquiring an additional 925 shares during the last quarter. Institutional investors own 71.92% of the company’s stock.
TWTR has been the subject of a number of research analyst reports. KeyCorp assumed coverage on Twitter in a research report on Monday. They set a “sector weight” rating for the company. Citigroup lifted their price objective on Twitter from $30.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, June 22nd. Zacks Investment Research raised Twitter from a “sell” rating to a “hold” rating and set a $34.00 price objective on the stock in a report on Tuesday, July 7th. SVB Leerink assumed coverage on shares of Twitter in a report on Friday, July 24th. They issued a “hold” rating for the company. Finally, ValuEngine raised shares of Twitter from a “hold” rating to a “buy” rating in a research note on Friday, July 24th. Four research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $34.41.
In related news, CAO Robert Kaiden sold 11,813 shares of the firm’s stock in a transaction dated Saturday, August 1st. The stock was sold at an average price of $36.27, for a total transaction of $428,457.51. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Matthew Derella sold 1,072 shares of Twitter stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $29.56, for a total value of $31,688.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,520 shares of company stock worth $2,858,863. Insiders own 2.64% of the company’s stock.
Shares of TWTR traded up $0.83 during midday trading on Wednesday, reaching $39.92. 466,256 shares of the stock were exchanged, compared to its average volume of 20,728,721. The company has a market capitalization of $30.92 billion, a P/E ratio of -28.53 and a beta of 0.87. The company has a current ratio of 10.10, a quick ratio of 10.10 and a debt-to-equity ratio of 0.45. Twitter Inc has a 52 week low of $20.00 and a 52 week high of $44.09. The company’s 50 day moving average is $38.67 and its two-hundred day moving average is $32.70.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, July 23rd. The social networking company reported ($1.39) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($1.24). The business had revenue of $683.40 million during the quarter, compared to analysts’ expectations of $708.05 million. Twitter had a negative return on equity of 12.17% and a negative net margin of 32.54%. The firm’s revenue was down 18.8% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. On average, sell-side analysts expect that Twitter Inc will post -1.47 EPS for the current 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, a platform 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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