Polar Capital LLP Has $18,270,000 Position in Twitter Inc. (TWTR)
Polar Capital LLP boosted its stake in shares of Twitter Inc. (NYSE:TWTR) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,081,124 shares of the social networking company’s stock after buying an additional 5,831 shares during the period. Polar Capital LLP owned 0.15% of Twitter worth $18,270,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Carl Domino Inc purchased a new stake in Twitter during the second quarter valued at approximately $224,000. Integrated Investment Consultants LLC raised its stake in Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock valued at $113,000 after buying an additional 3,099 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Twitter by 115.6% in the second quarter. BNP Paribas Arbitrage SA now owns 295,761 shares of the social networking company’s stock valued at $5,001,000 after buying an additional 158,579 shares in the last quarter. BlueMountain Capital Management LLC purchased a new stake in Twitter during the first quarter valued at approximately $281,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Twitter by 20.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 106,648 shares of the social networking company’s stock valued at $1,764,000 after buying an additional 18,326 shares in the last quarter. Institutional investors own 41.37% of the company’s stock.
Twitter Inc. (NYSE:TWTR) traded up 0.98% on Friday, reaching $18.55. 15,363,776 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $19.27 and its 200 day moving average is $17.51. Twitter Inc. has a 1-year low of $13.73 and a 1-year high of $26.70. The stock’s market capitalization is $13.14 billion.
Twitter (NYSE:TWTR) last posted its earnings results on Thursday, October 27th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.28. The company had revenue of $616 million for the quarter, compared to analysts’ expectations of $606.40 million. Twitter had a negative return on equity of 5.18% and a negative net margin of 15.06%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. Analysts expect that Twitter Inc. will post $0.52 EPS for the current year.
Several brokerages have recently issued reports on TWTR. Mizuho reiterated an “underperform” rating on shares of Twitter in a research report on Thursday. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $17.00 target price on shares of Twitter in a research report on Tuesday, September 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $23.00 target price on shares of Twitter in a research report on Tuesday, July 19th. Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $20.69 target price on the stock in a research report on Monday, August 29th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $16.00 target price on shares of Twitter in a research report on Monday, September 26th. Nine equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.43.
In related news, insider Robert Kaiden sold 3,604 shares of Twitter stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $20.06, for a total transaction of $72,296.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam Messinger sold 52,187 shares of Twitter stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $17.58, for a total transaction of $917,447.46. The disclosure for this sale can be found here. Corporate insiders own 10.79% of the company’s stock.
Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.
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