Mitsubishi UFJ Trust & Banking Corp Acquires 84,364 Shares of Twitter, Inc. (TWTR)
Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Twitter, Inc. (NYSE:TWTR) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,219,784 shares of the social networking company’s stock after buying an additional 84,364 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.17% of Twitter worth $21,798,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Mosaic Family Wealth LLC grew its position in Twitter by 14.2% during 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 period. Advisory Services Network LLC bought a new stake in Twitter during the first quarter valued at approximately $107,000. Westside Investment Management Inc. grew its position in Twitter by 46.0% during the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock valued at $152,000 after buying an additional 3,295 shares during the period. Gilder Gagnon Howe & Co. LLC grew its position in Twitter by 112.3% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock valued at $157,000 after buying an additional 4,645 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in Twitter during the first quarter valued at approximately $159,000. Institutional investors own 49.17% of the company’s stock.
Several brokerages recently issued reports on TWTR. ValuEngine lowered shares of Twitter from a “hold” rating to a “sell” rating in a research report on Friday. Robert W. Baird restated a “hold” rating and set a $17.00 target price on shares of Twitter in a research report on Friday. KeyCorp restated a “hold” rating on shares of Twitter in a research report on Friday, August 25th. Jefferies Group LLC lowered shares of Twitter from a “buy” rating to a “hold” rating and cut their target price for the company from $20.00 to $16.00 in a research report on Thursday, August 24th. Finally, SunTrust Banks, Inc. began coverage on shares of Twitter in a research report on Tuesday, August 15th. They set a “hold” rating and a $16.00 target price for the company. Seventeen research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have given a buy rating to the stock. Twitter presently has an average rating of “Hold” and a consensus target price of $15.49.
In other news, Director Evan Clark Williams sold 276,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $16.84, for a total transaction of $4,647,840.00. Following the completion of the transaction, the director now directly owns 2,816,819 shares of the company’s stock, valued at $47,435,231.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $16.07, for a total value of $241,050.00. The disclosure for this sale can be found here. Insiders have sold 2,113,558 shares of company stock worth $38,131,863 over the last quarter. Insiders own 9.18% of the company’s stock.
Twitter, Inc. (NYSE TWTR) opened at 16.86 on Monday. The company’s market capitalization is $12.36 billion. Twitter, Inc. has a one year low of $14.12 and a one year high of $25.25. The firm’s 50-day moving average is $17.29 and its 200 day moving average is $16.81.
Twitter (NYSE:TWTR) last issued its quarterly earnings results 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 company had revenue of $574 million for the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The business’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 firm earned $0.13 earnings per share. On average, equities analysts expect that Twitter, Inc. will post $0.33 EPS for the current fiscal year.
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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