Gateway Investment Advisers LLC increased its holdings in Twitter Inc (NYSE: TWTR) by 10.3% in the fourth quarter, based on its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor held 30,725 shares of the social networking company shares after purchasing an additional 2,870 shares during the quarter. Gateway Investment Advisers LLC, the holdings in Twitter had a value of $ 883,000 starting with the most recent SEC filing.
Other large investors have also changed their holdings in the company. Rehmann Capital Advisory Group increased its holdings in Twitter shares 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 period. Paradigm Asset Management Co. LLC has acquired a new stake in Twitter in the third quarter worth about $ 91,000. Exane Derivatives increased its holdings in Twitter by 303.0% during the third quarter. Exane Derivatives now owns 3,663 shares of the social networking company worth $ 104,000 after the purchase of an additional 2,754 shares during the period. Castleark Management LLC acquired a new shareholding in Twitter in the second quarter worth about $ 121,000. Finally, Benjamin F. Edwards & Company Inc. increased its shareholdings in Twitter by 67.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 5,057 shares of the social networking company worth $ 144,000 after the purchase of an additional 2,033 shares during the period. 64.38% of the shares are currently owned by hedge funds and other institutional investors.
Several research analysts have recently published reports on TWTR shares. The vertical group has raised Twitter from a "wait" rating to a "buy" assessment in a research report on Monday, January 28th. The Goldman Sachs group reiterated a "buy" rating and set a price target of $ 36.00 on Twitter's shares in a Friday research report. Wedbush reiterated a "hold" rating and set a price target of $ 37.00 on Twitter's shares in a research report on Tuesday, October 23rd. Zacks Investment Research reaffirmed a "strong-buy" rating and set a price target of $ 37.00 on Twitter's shares in a research report on Saturday 17 November. Finally, he raised Twitter from a "market perform" rating to an "outperform" valuation and set a target price of $ 37.00 for the company in a research note on Friday, October 26th. Two analysts rated the stock with a sales rating, twenty-one issued a seal rating, fifteen assigned a purchase rating and one assigned a strong purchase rating to the company. The stock has an average "Hold" rating and a consensus price target of $ 35.33.
NYSE: the TWTR exchange rate traded at $ 0.16 during mid-day trading on Tuesday, touching $ 30.39. The company had a trading volume of 20,235,387 shares, compared to its average volume of 21,318,893. Twitter Inc has a minimum of 1 year of $ 26.19 and a maximum of 1 year of $ 47.79. The company has a market capitalization of $ 22.85 billion, a PE ratio of 55.25, a price / earnings / growth ratio of 5.01 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 (NYSE: TWTR) announced its quarterly earnings data on Thursday 7 February. The social networking company posted a profit of $ 0.31 per share in the quarter, exceeding the Thomson Reuters consensus estimate of $ 0.16 for $ 0.15. Twitter reported a return on equity of 8.08% and a net margin of 39.63%. The company posted revenues of $ 908.84 million during the quarter, compared to analysts' estimates of $ 864.87 million. During the same period of the previous year, the company earned $ 0.19 earnings per share. Twitter's quarterly revenue increased 24.2% year-on-year. The equity analysts anticipate that Twitter Inc. will publish 0.52 EPS for the current year.
In other news, CFO Ned D. Segal sold 6,000 shares of the company in a transaction that took place on Tuesday 11 December. The stock was sold at an average price of $ 34.39, for a total transaction of $ 20640.00. The sale was disclosed in a deposit with the Securities & Exchange Commission, which is available via this link. In addition, director Evan Clark Williams sold 24,643 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $ 27.81, for a total value of $ 685.321.83. Following the transaction, the director now holds 1,244,108 company shares for a value of $ 34,598,643.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,069,100 shares of the company for a value of $ 226,847,819. 6.62% of the shares are currently owned by insiders.
Twitter company profile
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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