Nisa Investment Advisors LLC increased its position in shares of Twitter Inc (NYSE:TWTR) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,585 shares of the social networking company’s stock after acquiring an additional 19,260 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Twitter were worth $3,925,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Twitter by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 70,255,589 shares of the social networking company’s stock worth $1,999,474,000 after acquiring an additional 1,830,649 shares in the last quarter. Vanguard Group Inc increased its stake in Twitter by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after purchasing an additional 1,830,649 shares in the last quarter. First Trust Advisors LP increased its stake in Twitter by 18.4% during the 3rd quarter. First Trust Advisors LP now owns 10,400,990 shares of the social networking company’s stock valued at $296,012,000 after purchasing an additional 1,616,515 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Twitter by 42.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,011,350 shares of the social networking company’s stock valued at $171,083,000 after purchasing an additional 1,804,706 shares in the last quarter. Finally, ARK Investment Management LLC increased its stake in Twitter by 49.5% during the 3rd quarter. ARK Investment Management LLC now owns 4,123,045 shares of the social networking company’s stock valued at $117,342,000 after purchasing an additional 1,365,200 shares in the last quarter. Hedge funds and other institutional investors own 64.27% of the company’s stock.
In other news, CFO Ned D. Segal sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $32.16, for a total value of $192,960.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Evan Clark Williams sold 24,643 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $27.81, for a total transaction of $685,321.83. Following the completion of the transaction, the director now directly owns 1,244,108 shares of the company’s stock, valued at approximately $34,598,643.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,085,236 shares of company stock valued at $227,455,049. 6.62% of the stock is currently owned by insiders.
Shares of TWTR stock opened at $32.25 on Wednesday. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.27. The stock has a market cap of $25.33 billion, a price-to-earnings ratio of 537.50, a P/E/G ratio of 2.92 and a beta of 0.24. Twitter Inc has a 1-year low of $22.04 and a 1-year high of $47.79.
Twitter (NYSE:TWTR) last announced its earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.17. The company had revenue of $758.11 million during the quarter, compared to analyst estimates of $703.57 million. Twitter had a net margin of 36.35% and a return on equity of 6.75%. Equities research analysts anticipate that Twitter Inc will post 0.47 earnings per share for the current fiscal year.
TWTR has been the topic of several recent research reports. TheStreet raised shares of Twitter from a “c” rating to a “b-” rating in a report on Friday, October 26th. Aegis upped their price objective on shares of Twitter from $40.00 to $41.00 and gave the company a “buy” rating in a report on Monday, October 29th. Guggenheim initiated coverage on shares of Twitter in a report on Thursday, December 6th. They set a “buy” rating and a $39.00 price target on the stock. Bank of America raised shares of Twitter from an “underperform” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, January 10th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $44.00 price target on shares of Twitter in a report on Thursday, January 10th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.77.
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Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.
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