Twitter Inc (TWTR) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its holdings in shares of Twitter Inc (NYSE:TWTR) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,709,001 shares of the social networking company’s stock after purchasing an additional 102,413 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Twitter were worth $28,831,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Toronto Dominion Bank grew its position in shares of Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after purchasing an additional 1,333 shares in the last quarter. Malaga Cove Capital LLC purchased a new stake in shares of Twitter during the third quarter worth about $154,000. Federated Investors Inc. PA purchased a new position in Twitter during the 2nd quarter valued at approximately $174,000. Staley Capital Advisers Inc. purchased a new position in Twitter during the 3rd quarter valued at approximately $173,000. Finally, Berkshire Asset Management LLC PA purchased a new position in Twitter during the 3rd quarter valued at approximately $184,000. Hedge funds and other institutional investors own 50.69% of the company’s stock.
In related news, Director Evan Clark Williams sold 2,000,300 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $21.06, for a total transaction of $42,126,318.00. Following the completion of the sale, the director now directly owns 2,530,241 shares of the company’s stock, valued at approximately $53,286,875.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Vijaya Gadde sold 135,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.92, for a total value of $2,689,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,320,712 shares of company stock valued at $113,341,301 over the last three months. 9.18% of the stock is owned by corporate insiders.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $590.00 million during the quarter, compared to analyst estimates of $586.22 million. During the same period last year, the company earned $0.09 EPS. Twitter’s quarterly revenue was down 4.2% compared to the same quarter last year. sell-side analysts predict that Twitter Inc will post 0.02 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the company. Cantor Fitzgerald restated a “hold” rating and set a $16.00 price target on shares of Twitter in a report on Monday, October 23rd. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $27.61 price target for the company in a report on Wednesday. BidaskClub upgraded Twitter from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Canaccord Genuity restated a “hold” rating and set a $15.00 price target on shares of Twitter in a report on Friday, October 20th. Finally, Barclays raised their price target on Twitter from $16.00 to $18.00 and gave the company an “underweight” rating in a report on Friday, October 27th. Ten analysts have rated the stock with a sell rating, twenty have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $19.62.
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Twitter Company Profile
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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