Exchange Traded Concepts LLC Increases Stock Holdings in Twitter, Inc. (NYSE:TWTR)


Share on StockTwits

Exchange Traded Concepts LLC boosted its position in shares of Twitter, Inc. (NYSE:TWTR) by 388.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,226 shares of the social networking company’s stock after acquiring an additional 975 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Twitter were worth $66,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Clearstead Advisors LLC boosted its holdings in Twitter by 9.3% during the 3rd quarter. Clearstead Advisors LLC now owns 2,942 shares of the social networking company’s stock valued at $131,000 after acquiring an additional 250 shares during the period. RFG Advisory LLC boosted its stake in shares of Twitter by 3.1% in the 3rd quarter. RFG Advisory LLC now owns 8,553 shares of the social networking company’s stock valued at $381,000 after buying an additional 260 shares during the period. World Asset Management Inc boosted its stake in shares of Twitter by 1.8% in the 3rd quarter. World Asset Management Inc now owns 16,705 shares of the social networking company’s stock valued at $743,000 after buying an additional 299 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Twitter by 2.6% in the 3rd quarter. Raymond James Trust N.A. now owns 12,031 shares of the social networking company’s stock valued at $535,000 after buying an additional 308 shares during the period. Finally, CX Institutional boosted its stake in shares of Twitter by 48.7% in the 4th quarter. CX Institutional now owns 1,051 shares of the social networking company’s stock valued at $57,000 after buying an additional 344 shares during the period. Institutional investors own 73.17% of the company’s stock.

Twitter stock opened at $48.19 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.44 and a quick ratio of 4.44. Twitter, Inc. has a 1-year low of $20.00 and a 1-year high of $56.11. The company has a market cap of $38.33 billion, a PE ratio of -34.92, a price-to-earnings-growth ratio of 2.69 and a beta of 0.86. The stock’s 50 day moving average price is $51.22 and its 200 day moving average price is $44.35.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 29th. The social networking company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.26. Twitter had a negative return on equity of 12.42% and a negative net margin of 31.70%. The firm had revenue of $936.23 million for the quarter, compared to the consensus estimate of $773.16 million. During the same period in the previous year, the business earned $0.17 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts anticipate that Twitter, Inc. will post -1.16 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. Oppenheimer lifted their price objective on Twitter from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. Pivotal Research lifted their price objective on Twitter from $59.75 to $64.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Barclays lifted their price objective on Twitter from $30.00 to $36.00 and gave the company an “underweight” rating in a research note on Friday, October 30th. Morgan Stanley boosted their target price on Twitter from $42.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 5th. Finally, Rosenblatt Securities decreased their target price on Twitter from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, January 12th. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and twelve have issued a buy rating to the company. Twitter presently has an average rating of “Hold” and a consensus price target of $42.67.

In other Twitter news, CAO Robert Kaiden sold 11,969 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $40.67, for a total transaction of $486,779.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Omid Kordestani sold 82,209 shares of the business’s stock in a transaction on Monday, November 23rd. The stock was sold at an average price of $44.89, for a total value of $3,690,362.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 327,418 shares of company stock worth $14,729,691. Company insiders own 2.64% of the company’s stock.

About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time United States and internationally. 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.

See Also: Stochastic Momentum Index (SMI)

Want to see what other hedge funds are holding TWTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twitter, Inc. (NYSE:TWTR).

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.