Twitter (NYSE:TWTR) Stock Price Up 4.7%

Twitter Inc (NYSE:TWTR)’s share price rose 4.7% during trading on Tuesday . The stock traded as high as $26.46 and last traded at $25.85, approximately 32,698,643 shares were traded during mid-day trading. An increase of 55% from the average daily volume of 21,129,777 shares. The stock had previously closed at $24.69.

TWTR has been the topic of several research reports. Bank of America upped their target price on Twitter from to and gave the company a “buy” rating in a research report on Friday, February 7th. Aegis upped their target price on Twitter from $33.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Pivotal Research reaffirmed a “buy” rating and issued a $44.50 target price on shares of Twitter in a research report on Thursday, February 6th. Canaccord Genuity upped their target price on Twitter from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Finally, TheStreet raised Twitter from a “c+” rating to a “b” rating in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.21.

The firm has a 50 day simple moving average of $33.05 and a two-hundred day simple moving average of $34.19. The company has a quick ratio of 9.15, a current ratio of 9.15 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $19.31 billion, a P/E ratio of 13.81, a PEG ratio of 1.76 and a beta of 0.36.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, February 6th. The social networking company reported $0.15 earnings per share for the quarter, missing the 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 business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $994.89 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, research analysts predict that Twitter Inc will post 0.47 earnings per share for the current year.

In other news, CFO Ned D. Segal sold 8,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $33.78, for a total value of $270,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Montano sold 1,750 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $31.20, for a total value of $54,600.00. The disclosure for this sale can be found here. Insiders sold a total of 262,434 shares of company stock valued at $9,406,337 over the last quarter. 2.65% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP lifted its stake in shares of Twitter by 25.1% in the 4th quarter. First Trust Advisors LP now owns 8,617,035 shares of the social networking company’s stock valued at $276,176,000 after acquiring an additional 1,727,024 shares during the last quarter. Norges Bank bought a new position in Twitter during the 4th quarter worth $224,219,000. UBS Asset Management Americas Inc. raised its position in Twitter by 110.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 5,037,045 shares of the social networking company’s stock worth $161,437,000 after purchasing an additional 2,638,029 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Twitter by 4.1% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,911,129 shares of the social networking company’s stock worth $157,402,000 after purchasing an additional 195,594 shares during the last quarter. Finally, ARK Investment Management LLC raised its position in Twitter by 97.0% during the 4th quarter. ARK Investment Management LLC now owns 2,947,892 shares of the social networking company’s stock worth $94,480,000 after purchasing an additional 1,451,656 shares during the last quarter. Institutional investors own 71.82% of the company’s stock.

Twitter Company Profile (NYSE:TWTR)

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.

Read More: Hold Rating

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