Secure Asset Management LLC Invests $202,000 in Twitter Inc (NYSE:TWTR)

Secure Asset Management LLC purchased a new position in shares of Twitter Inc (NYSE:TWTR) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,291 shares of the social networking company’s stock, valued at approximately $202,000.

Several other institutional investors have also recently modified their holdings of TWTR. Winslow Evans & Crocker Inc. lifted its stake in Twitter by 24.9% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,544 shares of the social networking company’s stock valued at $64,000 after purchasing an additional 308 shares during the last quarter. Whittier Trust Co. lifted its stake in Twitter by 77.9% in the 3rd quarter. Whittier Trust Co. now owns 747 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 327 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Twitter by 23.4% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,766 shares of the social networking company’s stock valued at $73,000 after purchasing an additional 335 shares during the last quarter. Everence Capital Management Inc. lifted its stake in Twitter by 3.0% in the 4th quarter. Everence Capital Management Inc. now owns 12,880 shares of the social networking company’s stock valued at $413,000 after purchasing an additional 375 shares during the last quarter. Finally, Sigma Investment Counselors Inc. lifted its stake in Twitter by 6.4% in the 4th quarter. Sigma Investment Counselors Inc. now owns 7,177 shares of the social networking company’s stock valued at $230,000 after purchasing an additional 433 shares during the last quarter. 71.30% of the stock is owned by institutional investors.

Shares of TWTR traded down $0.24 during trading hours on Friday, hitting $36.92. 9,756,734 shares of the stock were exchanged, compared to its average volume of 17,592,959. Twitter Inc has a fifty-two week low of $28.63 and a fifty-two week high of $45.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 9.15 and a quick ratio of 8.69. The business has a 50-day moving average of $33.59 and a 200-day moving average of $36.08. The firm has a market capitalization of $27.92 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, February 6th. The social networking company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Twitter had a return on equity of 4.87% and a net margin of 42.37%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $994.89 million. During the same quarter last year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, analysts forecast that Twitter Inc will post 0.53 earnings per share for the current fiscal year.

Several equities analysts recently commented on TWTR shares. Nomura increased their price objective on shares of Twitter from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Pivotal Research reissued a “buy” rating and issued a $44.50 price objective on shares of Twitter in a research note on Thursday, February 6th. Wedbush increased their price objective on shares of Twitter from $34.50 to $36.50 and gave the company a “neutral” rating in a research note on Friday, February 7th. Macquarie dropped their price target on shares of Twitter from $43.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating and set a $40.00 price target on shares of Twitter in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $37.64.

In other news, Director David S. Rosenblatt sold 81,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $36.12, for a total transaction of $2,925,720.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Montano sold 1,750 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $30.15, for a total transaction of $52,762.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,840 shares of company stock valued at $5,738,489. 2.65% of the stock is currently owned by corporate insiders.

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, a platform 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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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