Twitter’s (NYSE:TWTR) Neutral Rating Reaffirmed at J P Morgan Chase & Co

J P Morgan Chase & Co restated their neutral rating on shares of Twitter, Inc. (NYSE:TWTR) in a research report sent to investors on Saturday, July 22nd. J P Morgan Chase & Co currently has a $15.00 price objective on the social networking company’s stock.

Other equities analysts have also issued research reports about the company. Jefferies Group LLC reaffirmed a buy rating and issued a $20.00 price objective on shares of Twitter in a research note on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $20.00 price objective on shares of Twitter in a research note on Friday, April 28th. BTIG Research reaffirmed a buy rating on shares of Twitter in a research note on Friday, April 28th. Drexel Hamilton reissued a buy rating on shares of Twitter in a research note on Tuesday, May 2nd. Finally, Vetr raised Twitter from a hold rating to a buy rating and set a $18.68 price target for the company in a research note on Monday, May 29th. Sixteen investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have issued a buy rating to the stock. Twitter has an average rating of Hold and a consensus target price of $15.59.

Shares of Twitter (NYSE TWTR) traded up 0.76% on Friday, reaching $15.99. The company’s stock had a trading volume of 7,808,420 shares. The company’s 50-day moving average is $17.69 and its 200 day moving average is $16.85. Twitter has a 12-month low of $14.12 and a 12-month high of $25.25. The company’s market capitalization is $11.72 billion.

Twitter (NYSE:TWTR) last released its quarterly earnings data 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 firm had revenue of $574 million during the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. Equities analysts anticipate that Twitter will post $0.34 earnings per share for the current fiscal year.

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In other Twitter news, Director Evan Clark Williams sold 373,100 shares of Twitter stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $18.38, for a total transaction of $6,857,578.00. Following the completion of the transaction, the director now owns 2,838,269 shares in the company, valued at approximately $52,167,384.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Kaiden sold 2,815 shares of Twitter stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $18.37, for a total value of $51,711.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,352,873 shares of company stock valued at $42,761,829. 10.79% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in TWTR. Vanguard Group Inc. raised its position in shares of Twitter by 6.2% in the second quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock valued at $872,704,000 after buying an additional 2,838,459 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Twitter by 17.8% in the first quarter. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company’s stock valued at $550,249,000 after buying an additional 5,561,940 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Twitter by 42.3% in the first quarter. OppenheimerFunds Inc. now owns 10,088,428 shares of the social networking company’s stock valued at $150,822,000 after buying an additional 2,999,690 shares in the last quarter. Northern Trust Corp raised its position in shares of Twitter by 78.3% in the second quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock valued at $149,215,000 after buying an additional 3,667,233 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Twitter by 10.8% in the second quarter. First Trust Advisors LP now owns 7,248,583 shares of the social networking company’s stock valued at $129,532,000 after buying an additional 705,208 shares in the last quarter. Institutional investors and hedge funds own 47.36% 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.