Twitter (TWTR) Upgraded to Sector Perform at Royal Bank of Canada
Royal Bank of Canada upgraded shares of Twitter (NYSE:TWTR) from an underperform rating to a sector perform rating in a report released on Thursday morning, Marketbeat.com reports.
Several other equities research analysts also recently weighed in on the company. Pivotal Research downgraded Twitter from a hold rating to a sell rating and set a $21.00 price target for the company. in a report on Thursday. Citigroup increased their price target on Twitter from $22.00 to $25.00 and gave the stock a hold rating in a report on Wednesday. They noted that the move was a valuation call. Wedbush set a $18.00 price target on Twitter and gave the stock a hold rating in a report on Monday. Vetr downgraded Twitter from a buy rating to a hold rating and set a $28.06 price target for the company. in a report on Monday. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $21.00 price target (up from $17.00) on shares of Twitter in a report on Friday, January 19th. Ten research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $21.97.
Twitter (NYSE TWTR) traded up $1.18 during mid-day trading on Thursday, hitting $31.36. The stock had a trading volume of 31,202,594 shares, compared to its average volume of 30,400,000. The firm has a market capitalization of $23,360.00, a P/E ratio of -209.07, a P/E/G ratio of 11.73 and a beta of 1.14. Twitter has a 1-year low of $14.12 and a 1-year high of $35.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40.
In other news, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $20.71, for a total value of $310,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Clark Williams sold 565,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $20.08, for a total value of $11,345,200.00. Following the completion of the transaction, the director now owns 2,441,312 shares of the company’s stock, valued at approximately $49,021,544.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,225,011 shares of company stock valued at $69,509,411. Company insiders own 10.79% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC increased its position in Twitter by 18,701.9% during the 4th quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock worth $58,081,000 after purchasing an additional 2,406,186 shares in the last quarter. Cambiar Investors LLC purchased a new stake in Twitter during the 4th quarter worth about $53,753,000. Amerigo Asset Management increased its position in Twitter by 46.2% during the 3rd quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock worth $115,997,000 after purchasing an additional 2,172,000 shares in the last quarter. Key Square Capital Management LLC increased its position in Twitter by 178.3% during the 4th quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock worth $80,863,000 after purchasing an additional 2,157,882 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its position in Twitter by 99.6% during 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 purchasing an additional 1,771,623 shares in the last quarter. Institutional investors and hedge funds own 50.12% of the company’s stock.
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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