Grandview Asset Management LLC purchased a new stake in Twitter Inc (NYSE:TWTR) during the fourth quarter, Holdings Channel reports. The fund purchased 18,925 shares of the social networking company’s stock, valued at approximately $544,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Twitter by 2.7% in the third quarter. Vanguard Group Inc. now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after purchasing an additional 1,830,649 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Twitter by 2.7% in the third quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after purchasing an additional 1,830,649 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Twitter by 18.4% in the third quarter. First Trust Advisors LP now owns 10,400,990 shares of the social networking company’s stock valued at $296,012,000 after purchasing an additional 1,616,515 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Twitter by 42.9% in the third 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 purchasing an additional 1,804,706 shares during the last quarter. Finally, ARK Investment Management LLC raised its holdings in shares of Twitter by 49.5% in the third quarter. ARK Investment Management LLC now owns 4,123,045 shares of the social networking company’s stock valued at $117,342,000 after purchasing an additional 1,365,200 shares during the last quarter. 64.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. Wedbush reiterated a “neutral” rating on shares of Twitter in a report on Monday. ValuEngine downgraded shares of Twitter from a “buy” rating to a “hold” rating in a report on Friday. Robert W. Baird lowered their price objective on shares of Twitter to $33.00 and set a “neutral” rating on the stock in a report on Friday. Summit Insights downgraded shares of Twitter from a “buy” rating to a “hold” rating in a report on Friday. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $36.00 price objective on shares of Twitter in a report on Friday. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $35.13.

In other Twitter news, CFO Ned D. Segal sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $32.16, for a total value of $192,960.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michael Montano sold 1,250 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $30.20, for a total transaction of $37,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,075,100 shares of company stock worth $227,040,779. Corporate insiders own 6.62% of the company’s stock.

NYSE:TWTR opened at $30.35 on Monday. Twitter Inc has a one year low of $26.19 and a one year high of $47.79. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 55.18, a P/E/G ratio of 5.01 and a beta of 0.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 4.61 and a current ratio of 4.69.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, February 7th. The social networking company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.15. Twitter had a net margin of 39.63% and a return on equity of 8.08%. The firm had revenue of $908.84 million for the quarter, compared to the consensus estimate of $864.87 million. During the same period in the previous year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 24.2% on a year-over-year basis. On average, analysts predict that Twitter Inc will post 0.52 earnings per share for the current fiscal year.

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Twitter Company Profile

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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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