Assenagon Asset Management S.A. increased its holdings in Twitter Inc (NYSE: TWTR) by 1,251.7% during the fourth quarter, according to its most recent filings with the Securities and Exchange Commission (SEC). The company owned 195,294 shares of the social networking company's shares after acquiring an additional 180,846 shares during the quarter. The holdings of Assenagon Asset Management S.A. on Twitter they were worth $ 5.613,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions within the company. Rehmann Capital Advisory Group increased its position on Twitter by 50.2% in the third quarter. Rehmann Capital Advisory Group now holds 1,834 shares of the social networking company worth $ 52,000 after the purchase of an additional 613 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in Twitter shares by 5.495.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,175 shares in the company's registered capital for a value of $ 34,000 after the purchase of an additional 1,154 shares in the last quarter. Public employees at the National Association of Colorado increased their position in Twitter shares of 1.3% during the third quarter. The public employees of the Colorado Retirement Association now hold 119,961 shares of the social networking company worth $ 3,414,000 after purchasing an additional 1,547 shares in the last quarter. Motley Fool Asset Management LLC increased its position in Twitter shares by 19.4% during the third quarter. Motley Fool Asset Management LLC now owns 9,757 shares of the share capital valued at $ 278,000 after the purchase of an additional 1,584 shares in the last quarter. Finally, Reliance Trust Co. of Delaware increased its position in Twitter shares by 2.5% during the third quarter. The Reliance Trust Co. of Delaware now owns 65,217 shares in the company's registered capital for a value of $ 1,856,000 after the purchase of an additional 1,589 shares in the last quarter. 64.07% of the capital is currently owned by institutional investors and hedge funds.
Twitter shares were opened at $ 30.01 on Friday. The company has a market capitalization of $ 23.45 billion, a PE ratio of 54,56, a price / earnings / growth ratio of 5.14 and a beta of 0.43. The company has a debt / equity ratio of 0.26, a current ratio of 4.69 and a rapid ratio of 4.61. Twitter Inc has a minimum of 52 weeks of $ 26.19 and a maximum of 52 weeks of $ 47.79.
The last time Twitter (NYSE: TWTR) published quarterly earnings results on Thursday 7 February. The social networking company posted a profit of $ 0.31 per share (EPS) for the quarter, surpassing Thomson Reuters' consensus estimate of $ 0.16 for $ 0.15. The company reported revenues of $ 908.84 million in the quarter, compared to analysts' estimates of $ 864.87 million. Twitter reported a return on equity of 8.08% and a net margin of 39.63%. Company revenues increased 24.2% over the same quarter last year. During the same period of the previous year, the company published $ 0.19 EPS. As a group, analysts predict that Twitter Inc. will publish 0.52 earnings per share for the current year.
In related news, VP Michael Montano sold 1,250 shares of the company in a transaction dated Tuesday 5 February. The stock was sold at an average price of $ 34.29, for a total transaction of $ 42.862.50. The transaction was disclosed in a document filed with the SEC, which is available in this hyperlink. In addition, director Evan Clark Williams sold 3,076,923 shares of the company in a transaction that took place on Friday, November 30th. The shares were sold at an average price of $ 31.59, for a total value of $ 97.199,997.57. Following the completion of the sale, the director now owns 1,340,394 shares of the company, worth approximately 42,343,046.46 dollars. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,075,100 shares of the company for a value of $ 227,040,779. 6.62% of the shares are currently owned by company insiders.
Several research companies have recently commented on TWTR. Deutsche Bank reduced their price target on Twitter shares from $ 33.00 to $ 29.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 23rd. Summit Insights downgraded Twitter shares from a "buy" rating to a "hold" rating in a Friday research note. Zacks Investment Research downgraded Twitter's shares from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 29th. Aegis increased their Twitter share price target from $ 40.00 to $ 41.00 and gave the company a "buy" rating on a research note on Monday, October 29th. Finally, Barclays increased its Twitter share price target from $ 24.00 to $ 27.00 and gave the company an "underweight" rating on a research note on Friday, October 26th. Two investment analysts rated the stock with a sales rating, twenty issued a hold rating, fifteen issued a purchase rating and one issued a strong purchase rating for the stock. Twitter currently has a "Hold" consensus rating and a consensus price target of $ 35.13.
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Twitter, Inc. operates as a platform for public self-expression and real-time conversation. 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 allows the user to broadcast and watch live video with others.
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