BBT Capital Management LLC acquired a new position in Twitter Inc (NYSE:TWTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,870 shares of the social networking company’s stock, valued at approximately $341,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in shares of Twitter by 2,245.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,309,218 shares of the social networking company’s stock worth $150,000 after purchasing an additional 4,125,455 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Twitter by 820.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,307,199 shares of the social networking company’s stock worth $95,042,000 after purchasing an additional 2,948,050 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Twitter during the third quarter worth about $67,655,000. Vanguard Group Inc grew its position in shares of Twitter by 2.7% during the third quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock worth $1,999,474,000 after purchasing an additional 1,830,649 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Twitter by 2.7% during the third quarter. Vanguard Group Inc. now owns 70,255,589 shares of the social networking company’s stock worth $1,999,474,000 after purchasing an additional 1,830,649 shares in the last quarter. 63.99% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Evan Clark Williams sold 24,643 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $27.81, for a total transaction of $685,321.83. Following the completion of the sale, the director now directly owns 1,244,108 shares of the company’s stock, valued at approximately $34,598,643.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ned D. Segal sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $30.38, for a total value of $182,280.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,416,251 shares of company stock valued at $205,097,067. Company insiders own 6.62% of the company’s stock.
Shares of Twitter stock opened at $31.37 on Thursday. The company has a market capitalization of $24.09 billion, a PE ratio of 57.04, a P/E/G ratio of 2.80 and a beta of 0.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.69 and a quick ratio of 4.61. Twitter Inc has a one year low of $26.19 and a one year high of $47.79.
Twitter (NYSE:TWTR) last announced its earnings results on Thursday, February 7th. The social networking company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.15. The firm had revenue of $908.84 million during the quarter, compared to analysts’ expectations of $864.87 million. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The company’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. As a group, research analysts forecast that Twitter Inc will post 0.46 earnings per share for the current year.
Several research firms recently issued reports on TWTR. Zacks Investment Research reiterated a “strong-buy” rating and set a $37.00 target price on shares of Twitter in a research report on Saturday, November 17th. Pivotal Research restated a “hold” rating and set a $28.00 price target on shares of Twitter in a report on Thursday, October 25th. UBS Group upgraded Twitter from a “market perform” rating to an “outperform” rating in a report on Friday, October 26th. Guggenheim started coverage on Twitter in a report on Thursday, December 6th. They set a “buy” rating and a $39.00 price target for the company. Finally, Summit Insights cut Twitter from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $35.33.
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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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