Strs Ohio grew its position in Twitter Inc (NYSE:TWTR) by 36.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 18,388 shares of the social networking company’s stock after acquiring an additional 4,921 shares during the period. Strs Ohio’s holdings in Twitter were worth $523,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of TWTR. Northern Trust Corp grew its stake in shares of Twitter by 42.8% in the second quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock valued at $449,336,000 after buying an additional 3,084,415 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Twitter in the second quarter valued at $118,445,000. Schwab Charles Investment Management Inc. grew its stake in shares of Twitter by 76.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,460,173 shares of the social networking company’s stock valued at $107,436,000 after buying an additional 1,064,166 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Twitter by 2,046.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,102,082 shares of the social networking company’s stock valued at $31,365,000 after buying an additional 1,050,737 shares in the last quarter. Finally, Columbus Circle Investors acquired a new stake in shares of Twitter in the second quarter valued at $45,083,000. 65.14% of the stock is owned by institutional investors and hedge funds.
In other news, VP Matthew Derella sold 7,007 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $28.79, for a total value of $201,731.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David S. Rosenblatt sold 30,000 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $34.30, for a total value of $1,029,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,174,995 shares of company stock valued at $127,400,778. Insiders own 10.79% of the company’s stock.
NYSE:TWTR opened at $34.08 on Friday. The stock has a market cap of $26.64 billion, a PE ratio of 87.47, a price-to-earnings-growth ratio of 3.59 and a beta of 0.32. Twitter Inc has a 1 year low of $19.73 and a 1 year high of $47.79. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.27.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 25th. The social networking company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.17. The business had revenue of $758.11 million during the quarter, compared to analysts’ expectations of $703.57 million. Twitter had a return on equity of 6.75% and a net margin of 36.35%. As a group, research analysts forecast that Twitter Inc will post 0.44 earnings per share for the current year.
Several research firms recently commented on TWTR. Macquarie cut Twitter from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $36.00 to $42.00 in a research note on Wednesday, July 18th. They noted that the move was a valuation call. Wedbush reissued a “hold” rating and set a $37.00 target price (up from $29.00) on shares of Twitter in a research note on Friday, July 27th. CIBC raised Twitter from a “market perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research note on Friday, October 26th. Pivotal Research reissued a “hold” rating and set a $28.00 target price on shares of Twitter in a research note on Thursday, October 25th. Finally, Royal Bank of Canada lowered their target price on Twitter from $32.00 to $30.00 and set a “sector perform” rating for the company in a research note on Friday, July 27th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $34.75.
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Twitter Company Profile
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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