Nomura Asset Management Co. Ltd. Has $996,000 Stake in Twitter, Inc. (TWTR)
Nomura Asset Management Co. Ltd. raised its stake in Twitter, Inc. (NYSE:TWTR) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,600 shares of the social networking company’s stock after buying an additional 4,400 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Twitter were worth $996,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Mosaic Family Wealth LLC raised its stake in shares of Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock valued at $105,000 after buying an additional 875 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Twitter during the first quarter valued at about $107,000. Nicolet Bankshares Inc. raised its stake in shares of Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock valued at $117,000 after buying an additional 5,434 shares during the last quarter. Israel Discount Bank of New York GFN bought a new stake in shares of Twitter during the fourth quarter valued at about $163,000. Finally, Atria Investments LLC raised its stake in shares of Twitter by 2.6% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company’s stock valued at $156,000 after buying an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 47.02% of the company’s stock.
Shares of Twitter, Inc. (TWTR) traded down 1.52% during mid-day trading on Tuesday, reaching $16.15. The company had a trading volume of 12,124,717 shares. The company’s market capitalization is $11.79 billion. Twitter, Inc. has a 1-year low of $14.12 and a 1-year high of $25.25. The stock’s 50-day moving average price is $18.17 and its 200 day moving average price is $16.90.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The firm had revenue of $574 million during the quarter, compared to the consensus estimate of $536.63 million. During the same period last year, the business posted $0.13 EPS. Twitter’s quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts expect that Twitter, Inc. will post $0.34 EPS for the current year.
TWTR has been the subject of a number of recent research reports. Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.17 price objective for the company in a report on Monday, June 12th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research report on Friday, April 28th. Aegis reissued a “sell” rating and set a $12.00 price objective on shares of Twitter in a research report on Thursday, April 13th. Barclays PLC reissued an “underweight” rating and set a $14.00 price objective on shares of Twitter in a research report on Monday, April 17th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $20.00 price objective on shares of Twitter in a research report on Friday, April 28th. Sixteen investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.57.
In other Twitter news, insider Robert Kaiden sold 2,815 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $18.37, for a total transaction of $51,711.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Evan Clark Williams sold 373,100 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $18.38, for a total value of $6,857,578.00. Following the transaction, the director now directly owns 2,838,269 shares of the company’s stock, valued at approximately $52,167,384.22. The disclosure for this sale can be found here. Insiders sold a total of 2,749,473 shares of company stock valued at $50,829,693 over the last ninety days. 9.18% of the stock is currently owned by company insiders.
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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