Twitter Inc (TWTR) is Key Square Capital Management LLC’s 3rd Largest Position

Key Square Capital Management LLC lifted its stake in Twitter Inc (NYSE:TWTR) by 178.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,367,882 shares of the social networking company’s stock after acquiring an additional 2,157,882 shares during the quarter. Twitter accounts for 7.8% of Key Square Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. Key Square Capital Management LLC’s holdings in Twitter were worth $80,863,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TWTR. PNC Financial Services Group Inc. lifted its holdings in shares of Twitter by 10.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 33,658 shares of the social networking company’s stock worth $602,000 after acquiring an additional 3,082 shares during the last quarter. Ark Investment Management LLC lifted its holdings in shares of Twitter by 28.3% in the 2nd quarter. Ark Investment Management LLC now owns 921,982 shares of the social networking company’s stock worth $16,476,000 after acquiring an additional 203,096 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Twitter by 2.3% in the 2nd quarter. Nordea Investment Management AB now owns 19,027 shares of the social networking company’s stock worth $340,000 after acquiring an additional 422 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Twitter by 3.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 471,374 shares of the social networking company’s stock worth $8,423,000 after acquiring an additional 15,480 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Twitter by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,606,588 shares of the social networking company’s stock worth $28,708,000 after acquiring an additional 231,878 shares during the last quarter. Hedge funds and other institutional investors own 50.12% of the company’s stock.

Shares of Twitter Inc (NYSE TWTR) opened at $26.91 on Thursday. The firm has a market cap of $18,748.11, a PE ratio of -52.76, a PEG ratio of 11.01 and a beta of 1.14. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter Inc has a fifty-two week low of $14.12 and a fifty-two week high of $27.33.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The business had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share. sell-side analysts expect that Twitter Inc will post 0.02 EPS for the current year.

A number of research firms have issued reports on TWTR. BidaskClub upgraded shares of Twitter from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Goldman Sachs Group set a $26.00 target price on shares of Twitter and gave the stock a “buy” rating in a report on Friday, October 27th. Vetr upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $22.96 target price on the stock in a report on Monday, October 30th. Argus upgraded shares of Twitter from a “hold” rating to a “buy” rating and increased their target price for the stock from $19.71 to $25.00 in a report on Friday, November 3rd. Finally, Summit Redstone began coverage on shares of Twitter in a report on Monday, December 18th. They set a “buy” rating and a $26.00 target price on the stock. Ten investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $20.03.

In other Twitter news, General Counsel Vijaya Gadde sold 135,000 shares of Twitter stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.92, for a total transaction of $2,689,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Kaiden sold 1,186 shares of Twitter stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $24.44, for a total transaction of $28,985.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,347,277 shares of company stock worth $71,880,388. Insiders own 10.79% of the company’s stock.

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About Twitter

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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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