Apollon Wealth Management LLC lifted its holdings in shares of Twitter, Inc. (NYSE:TWTR) by 28.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,443 shares of the social networking company’s stock after purchasing an additional 2,728 shares during the quarter. Apollon Wealth Management LLC’s holdings in Twitter were worth $856,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. TD Capital Management LLC purchased a new position in shares of Twitter during the second quarter worth about $28,000. Cypress Capital LLC purchased a new position in shares of Twitter during the first quarter worth about $31,000. Hudock Inc. grew its holdings in shares of Twitter by 174.0% during the second quarter. Hudock Inc. now owns 548 shares of the social networking company’s stock worth $37,000 after purchasing an additional 348 shares in the last quarter. SRS Capital Advisors Inc. purchased a new stake in Twitter in the second quarter worth approximately $41,000. Finally, Tradition Wealth Management LLC grew its position in Twitter by 50.3% during the second quarter. Tradition Wealth Management LLC now owns 601 shares of the social networking company’s stock valued at $41,000 after acquiring an additional 201 shares during the last quarter. 79.32% of the stock is owned by institutional investors.
In other Twitter news, insider Matthew Derella sold 18,382 shares of the stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $68.59, for a total value of $1,260,821.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Montano sold 4,500 shares of the stock in a transaction dated Monday, September 20th. The shares were sold at an average price of $61.02, for a total transaction of $274,590.00. The disclosure for this sale can be found here. Insiders sold a total of 92,177 shares of company stock valued at $6,133,603 in the last quarter. 2.56% of the stock is currently owned by company insiders.
NYSE:TWTR opened at $67.22 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.31 and a quick ratio of 4.31. The firm has a market capitalization of $53.64 billion, a price-to-earnings ratio of 143.02 and a beta of 0.77. Twitter, Inc. has a one year low of $38.93 and a one year high of $80.75. The business has a fifty day moving average price of $65.26 and a 200-day moving average price of $63.77.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, July 22nd. The social networking company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.14. Twitter had a return on equity of 4.80% and a net margin of 8.64%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the business posted ($1.39) EPS. Twitter’s revenue for the quarter was up 74.2% compared to the same quarter last year. On average, equities research analysts expect that Twitter, Inc. will post 0.35 earnings per share for the current fiscal year.
Twitter Company Profile
Twitter, Inc is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions and news. The company’s services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet.
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