Aperio Group LLC lifted its position in shares of Twitter, Inc. (NYSE:TWTR) by 14.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 334,721 shares of the social networking company’s stock after purchasing an additional 41,724 shares during the quarter. Aperio Group LLC’s holdings in Twitter were worth $14,895,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Michigan Retirement System boosted its position in shares of Twitter by 12.6% during the second quarter. State of Michigan Retirement System now owns 200,394 shares of the social networking company’s stock worth $5,970,000 after purchasing an additional 22,394 shares in the last quarter. Swiss National Bank boosted its position in shares of Twitter by 8.1% during the second quarter. Swiss National Bank now owns 3,093,822 shares of the social networking company’s stock worth $92,165,000 after purchasing an additional 231,300 shares in the last quarter. ETRADE Capital Management LLC boosted its position in shares of Twitter by 24.0% during the second quarter. ETRADE Capital Management LLC now owns 27,285 shares of the social networking company’s stock worth $813,000 after purchasing an additional 5,281 shares in the last quarter. Private Trust Co. NA bought a new position in shares of Twitter during the third quarter worth $262,000. Finally, Sigma Investment Counselors Inc. bought a new stake in Twitter in the 2nd quarter valued at $214,000. 71.92% of the stock is currently owned by institutional investors.
In other Twitter news, Director Fox Martha Lane sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $43.35, for a total value of $130,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Derella sold 26,310 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $41.72, for a total transaction of $1,097,653.20. The disclosure for this sale can be found here. Insiders sold a total of 108,428 shares of company stock valued at $4,523,310 in the last three months. Insiders own 2.64% of the company’s stock.
Shares of TWTR stock opened at $42.73 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 10.10 and a current ratio of 10.10. The company has a market capitalization of $33.99 billion, a price-to-earnings ratio of -31.19 and a beta of 0.81. Twitter, Inc. has a 52 week low of $20.00 and a 52 week high of $52.93. The company has a 50-day simple moving average of $45.57 and a 200 day simple moving average of $37.87.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, October 29th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.26. The firm had revenue of $936.23 million during the quarter, compared to the consensus estimate of $773.16 million. Twitter had a negative net margin of 32.54% and a negative return on equity of 12.17%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS. Sell-side analysts forecast that Twitter, Inc. will post -1.57 EPS for the current year.
TWTR has been the topic of several research reports. Bank of America boosted their price objective on shares of Twitter from $52.00 to $58.00 in a research report on Tuesday, October 27th. ValuEngine raised shares of Twitter from a “hold” rating to a “buy” rating in a research report on Friday, July 24th. Rosenblatt Securities reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Twitter in a research report on Thursday, October 22nd. Oppenheimer boosted their price objective on shares of Twitter from $46.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Finally, BMO Capital Markets lifted their price target on shares of Twitter from $32.00 to $35.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Five investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.00.
Twitter, Inc operates as a platform for public self-expression and conversation in real time United States and internationally. 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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