Alliancebernstein L.P. increased its stake in shares of Twitter Inc (NYSE:TWTR) by 21.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 729,095 shares of the social networking company’s stock after purchasing an additional 126,633 shares during the quarter. Alliancebernstein L.P. owned 0.10% of Twitter worth $17,506,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Balentine LLC lifted its holdings in shares of Twitter by 86.6% during the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after purchasing an additional 3,167 shares during the period. Staley Capital Advisers Inc. acquired a new stake in shares of Twitter during the third quarter worth $173,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Twitter during the third quarter worth $200,000. Marcus Capital LLC acquired a new stake in shares of Twitter during the fourth quarter worth $212,000. Finally, Telemus Capital LLC acquired a new stake in shares of Twitter during the fourth quarter worth $214,000. 54.65% of the stock is owned by hedge funds and other institutional investors.
TWTR has been the subject of several recent research reports. Summit Redstone initiated coverage on Twitter in a report on Monday, December 18th. They set a “buy” rating and a $26.00 price target for the company. Vetr downgraded Twitter from a “strong-buy” rating to a “buy” rating and set a $25.02 price target for the company. in a report on Friday, December 15th. BTIG Research increased their price target on Twitter from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Zacks Investment Research raised Twitter from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Friday, January 12th. Finally, Aegis upgraded Twitter from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, January 16th. Eight research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.54.
Shares of Twitter stock opened at $32.73 on Thursday. The company has a market capitalization of $26,266.64, a PE ratio of -204.56, a P/E/G ratio of 9.36 and a beta of 0.81. Twitter Inc has a 52-week low of $14.12 and a 52-week high of $36.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 9.12 and a current ratio of 9.12.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The firm had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. Twitter had a positive return on equity of 0.77% and a negative net margin of 4.42%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. analysts expect that Twitter Inc will post 0.17 earnings per share for the current year.
Twitter Company Profile
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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