Twitter (TWTR) Sees Large Volume Increase

Twitter Inc. (NYSE:TWTR) shares saw strong trading volume on Tuesday . 46,589,744 shares traded hands during trading, an increase of 50% from the previous session’s volume of 31,041,084 shares.The stock last traded at $31.84 and had previously closed at $28.58.

Several equities analysts have recently issued reports on the company. Morgan Stanley upgraded Twitter from an “underweight” rating to an “equal weight” rating in a research report on Tuesday. Wells Fargo boosted their target price on Twitter to $28.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Bank of America boosted their target price on Twitter from $20.00 to $26.00 and gave the stock an “underperform” rating in a research report on Friday, February 9th. SunTrust Banks boosted their target price on Twitter to $29.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. They noted that the move was a valuation call. Finally, JPMorgan Chase upgraded Twitter from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $20.00 to $27.00 in a research report on Monday, December 18th. Seven investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Twitter currently has an average rating of “Hold” and a consensus price target of $24.01.

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The company has a debt-to-equity ratio of 0.34, a current ratio of 9.12 and a quick ratio of 9.12. The firm has a market cap of $21,596.02, a price-to-earnings ratio of 530.67, a PEG ratio of 7.82 and a beta of 0.86.



Twitter (NYSE:TWTR) last released its earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The firm had revenue of $731.60 million for 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 business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. equities analysts expect that Twitter Inc. will post 0.17 earnings per share for the current year.

In other Twitter news, Director Evan Clark Williams sold 539,027 shares of the business’s stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $29.00, for a total value of $15,631,783.00. Following the sale, the director now owns 2,074,330 shares in the company, valued at approximately $60,155,570. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $23.28, for a total value of $349,200.00. The disclosure for this sale can be found here. Insiders sold a total of 2,791,755 shares of company stock worth $88,096,879 in the last 90 days. Company insiders own 9.18% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWTR. Schwab Charles Investment Management Inc. lifted its stake in Twitter by 18.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,183,245 shares of the social networking company’s stock valued at $19,962,000 after acquiring an additional 183,562 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Twitter by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,709,001 shares of the social networking company’s stock worth $28,831,000 after purchasing an additional 102,413 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Twitter during the 3rd quarter worth approximately $1,346,000. Janus Henderson Group PLC increased its position in shares of Twitter by 67.2% during the 3rd quarter. Janus Henderson Group PLC now owns 146,844 shares of the social networking company’s stock worth $2,478,000 after purchasing an additional 59,014 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Twitter by 2.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 291,667 shares of the social networking company’s stock worth $4,920,000 after purchasing an additional 7,640 shares during the last quarter. Hedge funds and other institutional investors own 54.69% of the company’s stock.

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About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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