NGAM Advisors L.P. raised its position in Twitter, Inc. (NYSE:TWTR) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 467,104 shares of the social networking company’s stock after buying an additional 2,001 shares during the period. NGAM Advisors L.P. owned about 0.06% of Twitter worth $8,347,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its position in Twitter by 0.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 115,758 shares of the social networking company’s stock worth $2,069,000 after buying an additional 939 shares in the last quarter. Strs Ohio boosted its position in Twitter by 58.0% in the second quarter. Strs Ohio now owns 76,250 shares of the social networking company’s stock worth $1,362,000 after buying an additional 27,978 shares in the last quarter. Shell Asset Management Co. boosted its position in Twitter by 9.8% in the second quarter. Shell Asset Management Co. now owns 39,320 shares of the social networking company’s stock worth $703,000 after buying an additional 3,510 shares in the last quarter. Boston Advisors LLC boosted its position in Twitter by 67.4% in the second quarter. Boston Advisors LLC now owns 47,230 shares of the social networking company’s stock worth $844,000 after buying an additional 19,010 shares in the last quarter. Finally, ING Groep NV boosted its position in Twitter by 52.4% in the second quarter. ING Groep NV now owns 60,440 shares of the social networking company’s stock worth $1,080,000 after buying an additional 20,780 shares in the last quarter. 47.02% of the stock is currently owned by institutional investors.
Shares of Twitter, Inc. (TWTR) traded up 1.08% on Friday, hitting $15.92. The stock had a trading volume of 8,442,542 shares. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $25.25. The firm’s market cap is $11.67 billion. The firm’s 50-day moving average price is $17.99 and its 200 day moving average price is $16.88.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $574 million for the quarter, compared to analysts’ expectations of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. On average, equities research analysts predict that Twitter, Inc. will post $0.34 EPS for the current year.
A number of research firms recently commented on TWTR. Citigroup Inc. reissued a “sell” rating and issued a $12.00 price target on shares of Twitter in a report on Thursday. MKM Partners reissued a “neutral” rating and issued a $18.00 price target (up from $16.00) on shares of Twitter in a report on Thursday. Mizuho began coverage on Twitter in a report on Monday, August 7th. They issued an “underperform” rating and a $14.50 price target on the stock. Zacks Investment Research cut Twitter from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $20.00 price target on shares of Twitter in a report on Sunday, July 30th. Sixteen analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.59.
In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $17.46, for a total transaction of $261,900.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 853,700 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $19.38, for a total value of $16,544,706.00. Following the transaction, the director now directly owns 2,735,038 shares in the company, valued at approximately $53,005,036.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,337,873 shares of company stock worth $42,520,779. Insiders own 10.79% of the company’s stock.
About Twitter
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
Receive News & Ratings for Twitter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
