Atlas Capital Advisors LLC boosted its holdings in Twitter Inc (NYSE:TWTR) by 94.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,272 shares of the social networking company’s stock after buying an additional 3,050 shares during the period. Atlas Capital Advisors LLC’s holdings in Twitter were worth $258,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthcare Advisory Partners LLC lifted its holdings in Twitter by 74,500.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 746 shares of the social networking company’s stock valued at $31,000 after buying an additional 745 shares during the period. Whittier Trust Co. lifted its holdings in Twitter by 77.9% in the third quarter. Whittier Trust Co. now owns 747 shares of the social networking company’s stock valued at $31,000 after buying an additional 327 shares during the period. Truvestments Capital LLC lifted its holdings in Twitter by 55.7% in the third quarter. Truvestments Capital LLC now owns 836 shares of the social networking company’s stock valued at $34,000 after buying an additional 299 shares during the period. Resources Investment Advisors LLC. acquired a new position in Twitter in the second quarter valued at approximately $30,000. Finally, Ellevest Inc. lifted its holdings in Twitter by 4,150.0% in the second quarter. Ellevest Inc. now owns 850 shares of the social networking company’s stock valued at $30,000 after buying an additional 830 shares during the period. Institutional investors and hedge funds own 69.23% of the company’s stock.
Several equities analysts recently weighed in on the stock. Macquarie cut their price objective on shares of Twitter from $43.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. TheStreet lowered shares of Twitter from a “b” rating to a “c+” rating in a report on Thursday, October 24th. Jefferies Financial Group restated a “hold” rating and issued a $38.00 price objective (down from $44.00) on shares of Twitter in a report on Friday, October 25th. Aegis lowered shares of Twitter from a “buy” rating to a “hold” rating and cut their price objective for the company from $48.00 to $33.00 in a report on Thursday, October 24th. Finally, UBS Group cut their price objective on shares of Twitter from $46.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Four research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $36.61.
In related news, Director Fox Martha Lane sold 8,459 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $41.42, for a total value of $350,371.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Montano sold 1,250 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $41.70, for a total transaction of $52,125.00. The disclosure for this sale can be found here. Insiders have sold 67,474 shares of company stock valued at $2,684,259 in the last three months. 2.65% of the stock is owned by insiders.
Shares of TWTR stock opened at $29.54 on Thursday. The firm has a fifty day moving average of $37.69 and a 200-day moving average of $38.63. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.28. Twitter Inc has a 12-month low of $26.26 and a 12-month high of $45.85. The company has a market capitalization of $23.00 billion, a price-to-earnings ratio of 53.71, a P/E/G ratio of 0.52 and a beta of 0.58.
Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, October 24th. The social networking company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Twitter had a net margin of 47.67% and a return on equity of 6.07%. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $875.21 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, equities analysts expect that Twitter Inc will post 2 EPS for the current year.
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, 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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