American International Group Inc. acquired a new stake in shares of Twitter Inc (NYSE:TWTR) during the fourth quarter, Holdings Channel reports. The fund acquired 14,119 shares of the social networking company’s stock, valued at approximately $339,000.
A number of other institutional investors also recently modified their holdings of TWTR. Ark Investment Management LLC increased its position in Twitter by 28.3% during the 2nd quarter. Ark Investment Management LLC now owns 921,982 shares of the social networking company’s stock valued at $16,476,000 after purchasing an additional 203,096 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Twitter during the 3rd quarter valued at $252,000. State of Wisconsin Investment Board increased its position in Twitter by 14.5% during the 3rd quarter. State of Wisconsin Investment Board now owns 826,450 shares of the social networking company’s stock valued at $13,942,000 after purchasing an additional 104,879 shares during the period. Swiss National Bank increased its position in Twitter by 1.6% during the 3rd quarter. Swiss National Bank now owns 2,286,000 shares of the social networking company’s stock valued at $38,565,000 after purchasing an additional 34,900 shares during the period. Finally, CIBC Asset Management Inc increased its position in Twitter by 12.1% during the 3rd quarter. CIBC Asset Management Inc now owns 29,948 shares of the social networking company’s stock valued at $505,000 after purchasing an additional 3,225 shares during the period. 54.89% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Evan Clark Williams sold 18,347 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $21.66, for a total transaction of $397,396.02. Following the completion of the sale, the director now owns 2,365,053 shares of the company’s stock, valued at approximately $51,227,047.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Kaiden sold 4,158 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $34.36, for a total transaction of $142,868.88. The disclosure for this sale can be found here. Insiders have sold a total of 1,754,526 shares of company stock worth $51,719,620 in the last 90 days. Company insiders own 9.18% of the company’s stock.
Twitter Inc (NYSE:TWTR) opened at $35.50 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 9.12 and a current ratio of 9.12. The stock has a market cap of $26,370.00, a PE ratio of 110.94, a price-to-earnings-growth ratio of 9.46 and a beta of 0.80. Twitter Inc has a one year low of $14.12 and a one year high of $35.84.
Twitter (NYSE:TWTR) last posted its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) 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 analysts’ expectations of $686.12 million. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. equities research analysts forecast that Twitter Inc will post 0.17 earnings per share for the current fiscal year.
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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