Caisse DE Depot ET Placement DU Quebec boosted its holdings in Twitter Inc (NYSE:TWTR) by 392.7% during the 4th quarter, HoldingsChannel reports. The fund owned 103,962 shares of the social networking company’s stock after purchasing an additional 82,862 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Twitter were worth $2,496,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of TWTR. Coatue Management LLC increased its stake in Twitter by 209.9% in the 4th quarter. Coatue Management LLC now owns 24,354,222 shares of the social networking company’s stock worth $584,745,000 after purchasing an additional 16,496,725 shares in the last quarter. SG Americas Securities LLC increased its stake in Twitter by 18,701.9% in the 4th quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock worth $58,081,000 after purchasing an additional 2,406,186 shares in the last quarter. Cambiar Investors LLC purchased a new position in Twitter in the 4th quarter worth about $53,753,000. Key Square Capital Management LLC increased its stake in Twitter by 178.3% in the 4th quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock worth $80,863,000 after purchasing an additional 2,157,882 shares in the last quarter. Finally, Eaton Vance Management increased its stake in Twitter by 203.0% in the 4th quarter. Eaton Vance Management now owns 2,229,150 shares of the social networking company’s stock worth $53,522,000 after purchasing an additional 1,493,548 shares in the last quarter. Hedge funds and other institutional investors own 54.89% of the company’s stock.
In related news, Director Evan Clark Williams sold 18,347 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $24.27, for a total value of $445,281.69. Following the completion of the sale, the director now directly owns 2,328,359 shares in the company, valued at approximately $56,509,272.93. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Kaiden sold 4,158 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $34.36, for a total value of $142,868.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,736,179 shares of company stock valued at $51,322,224. Corporate insiders own 9.18% of the company’s stock.
Shares of Twitter Inc (TWTR) opened at $34.11 on Wednesday. Twitter Inc has a 1-year low of $14.12 and a 1-year high of $35.84. The company has a quick ratio of 9.12, a current ratio of 9.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $25,720.00, a P/E ratio of 106.59, a P/E/G ratio of 9.46 and a beta of 0.80.
Twitter (NYSE:TWTR) last posted its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05. Twitter had a positive return on equity of 0.77% and a negative net margin of 4.42%. The firm had revenue of $731.60 million during the quarter, compared to analyst estimates of $686.12 million. During the same period in the previous year, the company earned $0.11 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. analysts predict that Twitter Inc will post 0.17 earnings per share 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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