Partnervest Advisory Services LLC Buys 2,993 Shares of Twitter, Inc. (NYSE:TWTR)
Partnervest Advisory Services LLC increased its stake in shares of Twitter, Inc. (NYSE:TWTR) by 11.7% during the second quarter, Holdings Channel reports. The firm owned 28,593 shares of the social networking company’s stock after buying an additional 2,993 shares during the period. Partnervest Advisory Services LLC’s holdings in Twitter were worth $511,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Twitter by 4.1% in the first quarter. Vanguard Group Inc. now owns 45,997,766 shares of the social networking company’s stock valued at $687,667,000 after buying an additional 1,819,941 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Twitter by 17.8% in the first quarter. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company’s stock valued at $550,249,000 after buying an additional 5,561,940 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of Twitter by 42.3% in the first quarter. OppenheimerFunds Inc. now owns 10,088,428 shares of the social networking company’s stock valued at $150,822,000 after buying an additional 2,999,690 shares during the period. First Trust Advisors LP boosted its stake in shares of Twitter by 10.9% in the first quarter. First Trust Advisors LP now owns 6,543,375 shares of the social networking company’s stock valued at $97,823,000 after buying an additional 641,282 shares during the period. Finally, Amerigo Asset Management boosted its stake in shares of Twitter by 64.3% in the first quarter. Amerigo Asset Management now owns 6,463,910 shares of the social networking company’s stock valued at $96,635,000 after buying an additional 2,528,910 shares during the period. Institutional investors and hedge funds own 47.02% of the company’s stock.
Shares of Twitter, Inc. (TWTR) opened at 16.14 on Thursday. Twitter, Inc. has a 1-year low of $14.12 and a 1-year high of $25.25. The firm has a 50-day moving average of $18.12 and a 200 day moving average of $16.89. The stock’s market cap is $11.83 billion.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. The firm had revenue of $574 million during the quarter, compared to analysts’ expectations of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. Equities research analysts forecast that Twitter, Inc. will post $0.34 earnings per share for the current year.
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Several research analysts have commented on TWTR shares. Argus restated a “hold” rating on shares of Twitter in a research report on Tuesday, May 2nd. Vetr downgraded shares of Twitter from a “strong-buy” rating to a “hold” rating and set a $18.68 price objective for the company. in a research report on Tuesday, May 23rd. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a research report on Friday, April 28th. Barclays PLC restated an “underweight” rating and set a $14.00 price objective on shares of Twitter in a research report on Monday, April 17th. Finally, BidaskClub upgraded shares of Twitter from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Sixteen equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have assigned a buy rating to the stock. Twitter has a consensus rating of “Hold” and an average price target of $15.57.
In other news, insider Robert Kaiden sold 2,815 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $18.37, for a total value of $51,711.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $17.46, for a total transaction of $261,900.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,749,473 shares of company stock valued at $50,829,693. Corporate insiders own 10.79% of the company’s stock.
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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