Cambridge Investment Research Advisors Inc. grew its holdings in shares of Twitter, Inc. (NYSE:TWTR) by 5.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 125,370 shares of the social networking company’s stock after purchasing an additional 6,294 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Twitter were worth $2,115,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Toronto Dominion Bank increased its holdings in shares of Twitter by 21.3% in the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after acquiring an additional 1,333 shares during the period. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Twitter by 112.3% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock worth $157,000 after acquiring an additional 4,645 shares during the period. Federated Investors Inc. PA acquired a new stake in shares of Twitter in the 2nd quarter worth about $174,000. Berkshire Asset Management LLC PA acquired a new stake in shares of Twitter in the 3rd quarter worth about $184,000. Finally, New Jersey Better Educational Savings Trust acquired a new stake in shares of Twitter in the 3rd quarter worth about $202,000. 49.71% of the stock is currently owned by institutional investors.
Twitter, Inc. (NYSE:TWTR) opened at $20.76 on Friday. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $21.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The company had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. During the same quarter last year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. analysts expect that Twitter, Inc. will post 0.02 EPS for the current year.
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In other news, Director Evan Clark Williams sold 9,173 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $16.91, for a total value of $155,115.43. Following the sale, the director now owns 2,692,230 shares in the company, valued at $45,525,609.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Kaiden sold 3,695 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $16.78, for a total transaction of $62,002.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,171,445 shares of company stock worth $82,183,431. 10.79% of the stock is currently owned by corporate insiders.
A number of analysts recently weighed in on the stock. Canaccord Genuity increased their price objective on shares of Twitter from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, October 27th. J P Morgan Chase & Co increased their price objective on shares of Twitter from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Vetr upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $22.96 target price for the company in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research report on Tuesday, October 31st. Finally, Susquehanna Bancshares Inc increased their target price on shares of Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Twelve research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.67.
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.
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