Sterling Investment Advisors Ltd. Buys 6,000 Shares of Twitter, Inc. (TWTR)
Sterling Investment Advisors Ltd. increased its stake in shares of Twitter, Inc. (NYSE:TWTR) by 37.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,062 shares of the social networking company’s stock after purchasing an additional 6,000 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Twitter were worth $372,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of TWTR. Toronto Dominion Bank lifted its holdings in Twitter by 21.3% in the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after acquiring an additional 1,333 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its holdings in Twitter by 112.3% in 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 acquiring an additional 4,645 shares during the period. Federated Investors Inc. PA acquired a new stake in Twitter in the second quarter valued at $174,000. Berkshire Asset Management LLC PA acquired a new stake in Twitter in the third quarter valued at $184,000. Finally, NEXT Financial Group Inc increased its position in shares of Twitter by 6.3% in the second quarter. NEXT Financial Group Inc now owns 11,030 shares of the social networking company’s stock valued at $197,000 after buying an additional 650 shares in the last quarter. 49.68% of the stock is owned by hedge funds and other institutional investors.
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Twitter, Inc. (NYSE TWTR) traded up $0.32 during trading hours on Friday, reaching $20.22. The company had a trading volume of 6,839,070 shares, compared to its average volume of 17,558,180. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $21.96. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35.
Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The company had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. During the same period in the prior year, the firm posted $0.09 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. equities research analysts predict that Twitter, Inc. will post 0.02 EPS for the current year.
A number of research analysts have recently weighed in on TWTR shares. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 price target for the company in a research report on Monday, October 23rd. Stifel Nicolaus upgraded Twitter from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $12.00 to $17.00 in a research report on Thursday, October 26th. Wells Fargo & Company reiterated a “market perform” rating on shares of Twitter in a research report on Saturday, July 22nd. BidaskClub upgraded Twitter from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $20.00 price objective on shares of Twitter in a research report on Sunday, July 30th. Twelve investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Twitter currently has a consensus rating of “Hold” and an average price target of $17.67.
In other news, CAO Robert Kaiden sold 6,574 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $20.59, for a total transaction of $135,358.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the company’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. Over the last ninety days, insiders sold 3,486,445 shares of company stock worth $68,390,081. 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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