Avestar Capital LLC purchased a new position in Twitter Inc (NYSE:TWTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,122 shares of the social networking company’s stock, valued at approximately $103,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Balentine LLC boosted its position in shares of Twitter by 86.6% during the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after acquiring an additional 3,167 shares during the last quarter. Marcus Capital LLC bought a new position in shares of Twitter during the fourth quarter worth $212,000. Telemus Capital LLC bought a new position in shares of Twitter during the fourth quarter worth $214,000. Malaga Cove Capital LLC bought a new position in shares of Twitter during the third quarter worth $154,000. Finally, Rockland Trust Co. bought a new position in shares of Twitter during the fourth quarter worth $219,000. Institutional investors and hedge funds own 54.89% of the company’s stock.
TWTR has been the subject of a number of research reports. Summit Redstone initiated coverage on shares of Twitter in a research report on Monday, December 18th. They set a “buy” rating and a $26.00 target price for the company. Vetr lowered shares of Twitter from a “buy” rating to a “hold” rating and set a $29.35 target price for the company. in a research report on Monday, February 12th. Jefferies Group restated a “hold” rating and set a $22.00 target price on shares of Twitter in a research report on Monday, January 8th. Wedbush set a $18.00 target price on shares of Twitter and gave the stock a “hold” rating in a research report on Monday, February 5th. Finally, MKM Partners upped their target price on shares of Twitter from $18.00 to $21.50 and gave the stock a “neutral” rating in a research report on Thursday, November 30th. Eight investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.46.
Shares of Twitter Inc (NYSE TWTR) opened at $34.11 on Wednesday. Twitter Inc has a 12 month low of $14.12 and a 12 month high of $35.84. The firm has a market cap of $25,720.00, a price-to-earnings ratio of 106.59, a PEG ratio of 9.46 and a beta of 0.80. The company has a quick ratio of 9.12, a current ratio of 9.12 and a debt-to-equity ratio of 0.34.
Twitter (NYSE:TWTR) last announced 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. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. The business had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. sell-side analysts expect that Twitter Inc will post 0.17 EPS for the current year.
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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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