Twitter, Inc. (TWTR) Stake Lifted by New York State Common Retirement Fund
New York State Common Retirement Fund lifted its holdings in Twitter, Inc. (NYSE:TWTR) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,458,700 shares of the social networking company’s stock after acquiring an additional 70,499 shares during the quarter. New York State Common Retirement Fund owned approximately 0.20% of Twitter worth $26,067,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Clearbridge Investments LLC raised its position in shares of Twitter by 17.8% during the 1st quarter. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company’s stock valued at $550,249,000 after acquiring an additional 5,561,940 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in shares of Twitter in the 2nd quarter valued at $38,366,000. Apertura Capital LLC bought a new stake in shares of Twitter in the 2nd quarter valued at $35,740,000. Vanguard Group Inc. increased its position in shares of Twitter by 4.1% in the 1st 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 in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Twitter by 3,961.3% in the 2nd quarter. SG Americas Securities LLC now owns 1,617,926 shares of the social networking company’s stock valued at $28,912,000 after buying an additional 1,578,088 shares in the last quarter. 49.14% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on TWTR. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Twitter in a research note on Saturday, June 3rd. Barclays PLC reaffirmed a “sell” rating and issued a $16.00 target price on shares of Twitter in a research note on Friday, July 28th. Pivotal Research reaffirmed a “hold” rating and issued a $17.00 target price (up from $15.00) on shares of Twitter in a research note on Monday, July 17th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, August 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $17.00 target price on shares of Twitter in a research note on Friday, September 1st. Fifteen analysts have rated the stock with a sell rating, twenty-four have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.44.
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Shares of Twitter, Inc. (NYSE:TWTR) opened at 16.95 on Thursday. The firm’s market cap is $12.42 billion. The firm has a 50-day moving average of $16.76 and a 200-day moving average of $16.94. Twitter, Inc. has a 12 month low of $14.12 and a 12 month high of $25.25.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. The firm had revenue of $574.00 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 quarter in the prior year, the firm earned $0.13 EPS. On average, analysts anticipate that Twitter, Inc. will post $0.33 EPS for the current year.
In other news, Director Evan Clark Williams sold 9,845 shares of the stock in a transaction on Monday, September 25th. The shares were sold at an average price of $17.02, for a total value of $167,561.90. Following the transaction, the director now owns 2,636,518 shares of the company’s stock, valued at approximately $44,873,536.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Vijaya Gadde sold 7,500 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $18.03, for a total transaction of $135,225.00. The disclosure for this sale can be found here. Insiders sold a total of 2,253,600 shares of company stock worth $40,779,711 in the last three months. 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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