BB&T Securities LLC raised its position in Twitter, Inc. (NYSE:TWTR) by 24.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,762 shares of the social networking company’s stock after buying an additional 31,729 shares during the period. BB&T Securities LLC’s holdings in Twitter were worth $2,908,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Capstone Asset Management Co. raised its position in shares of Twitter by 18.5% in the first quarter. Capstone Asset Management Co. now owns 16,680 shares of the social networking company’s stock worth $249,000 after buying an additional 2,600 shares during the last quarter. Atria Investments LLC raised its position in shares of Twitter by 2.6% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company’s stock worth $156,000 after buying an additional 268 shares during the last quarter. DnB Asset Management AS raised its position in shares of Twitter by 20.0% in the first quarter. DnB Asset Management AS now owns 52,100 shares of the social networking company’s stock worth $779,000 after buying an additional 8,700 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Twitter by 3.9% in the first quarter. Nisa Investment Advisors LLC now owns 106,400 shares of the social networking company’s stock worth $1,591,000 after buying an additional 4,000 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Twitter during the first quarter worth about $244,000. Hedge funds and other institutional investors own 47.36% of the company’s stock.
Shares of Twitter, Inc. (NYSE TWTR) opened at 16.63 on Wednesday. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $25.25. The company’s market cap is $12.19 billion. The stock has a 50 day moving average of $17.64 and a 200 day moving average of $16.83.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The business had revenue of $574 million for the quarter, compared to analyst estimates of $536.63 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts expect that Twitter, Inc. will post $0.34 EPS for the current year.
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TWTR has been the topic of a number of analyst reports. MKM Partners restated a “neutral” rating and set a $16.00 target price on shares of Twitter in a research report on Tuesday, April 25th. Wells Fargo & Company reiterated a “hold” rating on shares of Twitter in a research report on Wednesday, April 26th. Wedbush reiterated a “neutral” rating and set a $14.00 price target (up previously from $13.00) on shares of Twitter in a research report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $20.00 price target on shares of Twitter in a research report on Thursday, April 27th. Finally, Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research report on Friday, April 28th. Sixteen research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have issued a buy rating to the stock. Twitter currently has a consensus rating of “Hold” and a consensus price target of $15.59.
In other Twitter news, insider Robert Kaiden sold 4,725 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $16.06, for a total value of $75,883.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Evan Clark Williams sold 853,700 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $19.38, for a total value of $16,544,706.00. Following the completion of the sale, the director now owns 2,735,038 shares in the company, valued at approximately $53,005,036.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,352,873 shares of company stock worth $42,761,829. Insiders own 9.18% of the company’s stock.
Twitter Company Profile
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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