Charles Schwab Investment Management Inc. Buys 111,268 Shares of Twitter, Inc. (NYSE:TWTR)

Charles Schwab Investment Management Inc. increased its stake in shares of Twitter, Inc. (NYSE:TWTRGet Rating) by 2.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,908,560 shares of the social networking company’s stock after purchasing an additional 111,268 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Twitter were worth $168,928,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TWTR. Lone Pine Capital LLC boosted its position in shares of Twitter by 117.4% during the third quarter. Lone Pine Capital LLC now owns 21,533,828 shares of the social networking company’s stock worth $1,300,428,000 after acquiring an additional 11,630,881 shares during the last quarter. ARK Investment Management LLC boosted its position in shares of Twitter by 25.1% during the fourth quarter. ARK Investment Management LLC now owns 17,245,755 shares of the social networking company’s stock worth $745,362,000 after acquiring an additional 3,460,856 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its position in shares of Twitter by 30.4% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 10,297,193 shares of the social networking company’s stock worth $448,546,000 after acquiring an additional 2,400,339 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Twitter by 1,153.9% during the third quarter. Two Sigma Advisers LP now owns 2,393,700 shares of the social networking company’s stock worth $144,556,000 after acquiring an additional 2,202,800 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Twitter by 16.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,467,698 shares of the social networking company’s stock worth $538,854,000 after acquiring an additional 1,731,554 shares during the last quarter. Hedge funds and other institutional investors own 91.72% of the company’s stock.

NYSE TWTR opened at $38.29 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 6.58 and a current ratio of 6.58. The company has a market capitalization of $29.24 billion, a price-to-earnings ratio of 166.49 and a beta of 0.56. The company’s 50-day simple moving average is $43.83 and its two-hundred day simple moving average is $41.94. Twitter, Inc. has a one year low of $31.30 and a one year high of $73.34.

Twitter (NYSE:TWTRGet Rating) last posted its earnings results on Thursday, April 28th. The social networking company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.87. Twitter had a net margin of 4.27% and a return on equity of 3.77%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts expect that Twitter, Inc. will post 0.99 earnings per share for the current fiscal year.

Twitter announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 10th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the social networking company to purchase up to 14% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In related news, major shareholder H R. H. Prince Alwaleed Bin Saud bought 490,000 shares of the stock in a transaction that occurred on Friday, May 13th. The stock was bought at an average cost of $40.73 per share, for a total transaction of $19,957,700.00. Following the purchase, the insider now directly owns 30,590,078 shares of the company’s stock, valued at $1,245,933,876.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Robert Kaiden sold 17,695 shares of Twitter stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $50.50, for a total transaction of $893,597.50. Following the completion of the sale, the chief accounting officer now owns 173,721 shares of the company’s stock, valued at $8,772,910.50. The disclosure for this sale can be found here. Insiders sold a total of 542,764 shares of company stock worth $20,773,371 over the last 90 days. Company insiders own 2.70% of the company’s stock.

Several equities analysts have commented on TWTR shares. Stifel Nicolaus upgraded shares of Twitter from a “sell” rating to a “hold” rating and increased their price objective for the company from $39.00 to $54.20 in a research report on Tuesday, April 26th. BMO Capital Markets lowered their price objective on shares of Twitter from $65.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday, February 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Twitter from $35.00 to $54.20 and gave the company a “hold” rating in a research report on Tuesday, April 26th. Rosenblatt Securities started coverage on shares of Twitter in a research report on Tuesday, April 19th. They set a “neutral” rating and a $48.00 price objective for the company. Finally, Benchmark began coverage on shares of Twitter in a research report on Tuesday, March 1st. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.55.

Twitter Company Profile (Get Rating)

Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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