JPMorgan Chase & Co. reiterated their buy rating on shares of Twitter (NYSE:TWTR) in a research report sent to investors on Thursday morning. They currently have a $44.00 price objective on the social networking company’s stock.

Several other analysts have also recently commented on the stock. Deutsche Bank reduced their price objective on shares of Twitter from $33.00 to $29.00 and set a neutral rating for the company in a research note on Tuesday, October 23rd. Bank of America upgraded shares of Twitter from an underperform rating to a buy rating and set a $39.00 target price for the company in a research report on Thursday. Moffett Nathanson cut their target price on shares of Twitter from $23.00 to $21.00 and set a sell rating for the company in a research report on Monday, September 17th. Aegis lifted their target price on shares of Twitter from $40.00 to $41.00 and gave the stock a buy rating in a research report on Monday, October 29th. Finally, Zacks Investment Research cut shares of Twitter from a strong-buy rating to a hold rating in a research report on Monday, October 29th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $35.60.

Shares of NYSE:TWTR traded down $0.22 during midday trading on Thursday, hitting $32.87. The stock had a trading volume of 17,708,911 shares, compared to its average volume of 19,889,744. The company has a market cap of $24.55 billion, a price-to-earnings ratio of 547.83, a PEG ratio of 2.91 and a beta of 0.24. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.27. Twitter has a 1 year low of $22.04 and a 1 year high of $47.79.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.17. The business had revenue of $758.11 million for the quarter, compared to the consensus estimate of $703.57 million. Twitter had a net margin of 36.35% and a return on equity of 6.75%. On average, research analysts forecast that Twitter will post 0.46 EPS for the current year.

In related news, CFO Ned D. Segal sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $31.67, for a total value of $190,020.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Evan Clark Williams sold 682,242 shares of the company’s stock in a transaction on Thursday, December 13th. The shares were sold at an average price of $36.08, for a total transaction of $24,615,291.36. Following the completion of the sale, the director now directly owns 1,313,894 shares in the company, valued at $47,405,295.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,086,486 shares of company stock worth $224,660,057. Corporate insiders own 6.62% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TWTR. Vanguard Group Inc. grew its position in Twitter by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after buying an additional 1,830,649 shares in the last quarter. Vanguard Group Inc grew its position in Twitter by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after buying an additional 1,830,649 shares in the last quarter. First Trust Advisors LP grew its position in Twitter by 18.4% in the 3rd quarter. First Trust Advisors LP now owns 10,400,990 shares of the social networking company’s stock valued at $296,012,000 after buying an additional 1,616,515 shares in the last quarter. Northern Trust Corp grew its position in Twitter by 42.8% in the 2nd quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock valued at $449,336,000 after buying an additional 3,084,415 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Twitter by 42.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,011,350 shares of the social networking company’s stock valued at $171,083,000 after buying an additional 1,804,706 shares in the last quarter. 64.16% of the stock is currently owned by hedge funds and other institutional investors.

About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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Analyst Recommendations for Twitter (NYSE:TWTR)

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