Traders Sell Twitter (TWTR) on Strength After Insider Selling
Investors sold shares of Twitter Inc (NYSE:TWTR) on strength during trading on Monday after an insider sold shares in the company. $194.66 million flowed into the stock on the tick-up and $234.94 million flowed out of the stock on the tick-down, for a money net flow of $40.28 million out of the stock. Of all equities tracked, Twitter had the 31st highest net out-flow for the day. Twitter traded up $1.06 for the day and closed at $25.41Specifically, General Counsel Vijaya Gadde sold 15,000 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $18.19, for a total transaction of $272,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robert Kaiden sold 6,574 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $20.59, for a total value of $135,358.66. The disclosure for this sale can be found here. In the last three months, insiders sold 5,335,712 shares of company stock worth $113,614,151. 9.18% of the stock is owned by insiders.
A number of analysts have weighed in on the company. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $27.54 target price for the company. in a report on Monday. Jefferies Group restated a “hold” rating and set a $22.00 target price on shares of Twitter in a report on Monday, January 8th. BTIG Research upped their target price on Twitter from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research upgraded Twitter from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Friday. Finally, Pivotal Research restated a “hold” rating and set a $21.00 target price on shares of Twitter in a report on Wednesday, January 10th. Twelve equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.90.
The company has a market capitalization of $18,870.00, a P/E ratio of -49.82, a PEG ratio of 11.08 and a beta of 1.11. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35.
A number of hedge funds have recently modified their holdings of TWTR. Northern Trust Corp raised its stake in Twitter by 78.3% in the 2nd quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock worth $149,215,000 after acquiring an additional 3,667,233 shares during the last quarter. Vanguard Group Inc. raised its stake in Twitter by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock worth $872,704,000 after acquiring an additional 2,838,459 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Twitter in the 2nd quarter worth $43,694,000. Amerigo Asset Management raised its stake in Twitter by 46.2% in the 3rd quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock worth $115,997,000 after acquiring an additional 2,172,000 shares during the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in Twitter by 99.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 3,551,209 shares of the social networking company’s stock worth $59,909,000 after acquiring an additional 1,771,623 shares during the last quarter. Institutional investors own 50.69% 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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