Investors purchased shares of Twitter Inc (NYSE:TWTR) on weakness during trading on Tuesday. $236.14 million flowed into the stock on the tick-up and $158.99 million flowed out of the stock on the tick-down, for a money net flow of $77.15 million into the stock. Of all equities tracked, Twitter had the 12th highest net in-flow for the day. Twitter traded down ($1.39) for the day and closed at $34.11
A number of brokerages recently commented on TWTR. Morgan Stanley boosted their price objective on shares of Twitter from $15.00 to $28.00 and gave the company an “underweight” rating in a research report on Thursday, February 15th. Zacks Investment Research downgraded shares of Twitter from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Vetr raised shares of Twitter from a “sell” rating to a “hold” rating and set a $32.58 target price for the company in a research report on Monday, February 19th. Pivotal Research downgraded shares of Twitter from a “hold” rating to a “sell” rating and set a $21.00 target price for the company. in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Twitter to $36.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Eight analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have given a buy rating to the company. Twitter presently has a consensus rating of “Hold” and a consensus target price of $23.46.
The company has a market cap of $25,720.00, a P/E ratio of 106.59, a P/E/G ratio of 9.46 and a beta of 0.80. 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 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 during the quarter, compared to analysts’ expectations of $686.12 million. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS. research analysts predict that Twitter Inc will post 0.17 earnings per share for the current fiscal year.
In related news, insider Robert Kaiden sold 4,158 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $34.36, for a total transaction of $142,868.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evan Clark Williams sold 18,347 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $21.66, for a total transaction of $397,396.02. Following the transaction, the director now owns 2,365,053 shares of the company’s stock, valued at $51,227,047.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,754,526 shares of company stock valued at $51,719,620. Corporate insiders own 9.18% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TWTR. Coatue Management LLC raised its stake in Twitter by 209.9% during the 4th quarter. Coatue Management LLC now owns 24,354,222 shares of the social networking company’s stock valued at $584,745,000 after purchasing an additional 16,496,725 shares during the last quarter. Element Capital Management LLC acquired a new position in shares of Twitter in the 4th quarter valued at $71,888,000. SG Americas Securities LLC raised its stake in shares of Twitter by 18,701.9% in the 4th quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock valued at $58,081,000 after buying an additional 2,406,186 shares in the last quarter. Cambiar Investors LLC acquired a new position in shares of Twitter in the 4th quarter valued at $53,753,000. Finally, Key Square Capital Management LLC raised its stake in shares of Twitter by 178.3% in the 4th quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock valued at $80,863,000 after buying an additional 2,157,882 shares in the last quarter. Hedge funds and other institutional investors own 54.89% of the company’s stock.
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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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