River & Mercantile Asset Management LLP Grows Holdings in Twitter Inc (TWTR)

River & Mercantile Asset Management LLP raised its stake in Twitter Inc (NYSE:TWTR) by 30.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 319,202 shares of the social networking company’s stock after buying an additional 75,045 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Twitter were worth $9,172,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. bought a new stake in shares of Twitter during the 4th quarter worth $27,000. JOYN Advisors Inc. boosted its holdings in shares of Twitter by 258.5% during the 4th quarter. JOYN Advisors Inc. now owns 1,018 shares of the social networking company’s stock worth $29,000 after buying an additional 734 shares during the period. Mosaic Family Wealth LLC boosted its holdings in shares of Twitter by 47.3% during the 4th quarter. Mosaic Family Wealth LLC now owns 1,106 shares of the social networking company’s stock worth $32,000 after buying an additional 355 shares during the period. Legacy Financial Advisors Inc. boosted its holdings in shares of Twitter by 5,495.2% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,175 shares of the social networking company’s stock worth $34,000 after buying an additional 1,154 shares during the period. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Twitter by 50.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,834 shares of the social networking company’s stock worth $52,000 after buying an additional 613 shares during the period. Hedge funds and other institutional investors own 68.37% of the company’s stock.

Several research firms recently issued reports on TWTR. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Thursday, January 10th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $44.00 price objective on shares of Twitter in a report on Thursday, January 10th. ValuEngine downgraded shares of Twitter from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Wedbush set a $37.00 price objective on shares of Twitter and gave the stock a “hold” rating in a report on Friday, February 8th. Finally, Guggenheim began coverage on shares of Twitter in a report on Thursday, December 6th. They set a “buy” rating and a $39.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.33.

Shares of Twitter stock traded down $0.48 during mid-day trading on Monday, reaching $32.54. 260,875 shares of the stock were exchanged, compared to its average volume of 15,655,944. The stock has a market capitalization of $25.32 billion, a P/E ratio of 58.98, a price-to-earnings-growth ratio of 2.98 and a beta of 0.50. The company has a quick ratio of 4.69, a current ratio of 4.69 and a debt-to-equity ratio of 0.26. Twitter Inc has a fifty-two week low of $26.19 and a fifty-two week high of $47.79.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, February 7th. The social networking company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.15. The business had revenue of $908.84 million during the quarter, compared to analysts’ expectations of $864.87 million. Twitter had a net margin of 39.63% and a return on equity of 8.08%. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. On average, equities analysts anticipate that Twitter Inc will post 0.46 earnings per share for the current year.

In other news, Director Evan Clark Williams sold 682,242 shares of the firm’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $28.14, for a total value of $19,198,289.88. Following the transaction, the director now owns 1,244,108 shares of the company’s stock, valued at approximately $35,009,199.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert Kaiden sold 2,603 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $30.67, for a total transaction of $79,834.01. The disclosure for this sale can be found here. Insiders sold a total of 2,172,661 shares of company stock valued at $66,526,602 in the last 90 days. Corporate insiders own 6.62% of the company’s stock.

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Twitter 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, a platform 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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