IFG Advisory LLC decreased its holdings in shares of Twitter Inc (NYSE:TWTR) by 32.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,309 shares of the social networking company’s stock after selling 9,422 shares during the quarter. IFG Advisory LLC’s holdings in Twitter were worth $554,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Financial Gravity Companies Inc. purchased a new stake in shares of Twitter in the fourth quarter worth $27,000. Legacy Financial Advisors Inc. grew its stake in shares of Twitter by 5,495.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,175 shares of the social networking company’s stock worth $34,000 after acquiring an additional 1,154 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Twitter by 50.2% in the third quarter. Rehmann Capital Advisory Group now owns 1,834 shares of the social networking company’s stock worth $52,000 after acquiring an additional 613 shares during the last quarter. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Twitter in the fourth quarter worth $52,000. Finally, Essex Savings Bank purchased a new stake in shares of Twitter in the fourth quarter worth $62,000. 63.99% of the stock is owned by 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.
NYSE TWTR opened at $31.37 on Thursday. The company has a market cap of $24.09 billion, a price-to-earnings ratio of 57.04, a PEG ratio of 2.84 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 1-year low of $26.19 and a 1-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 EPS for the current fiscal year.
A number of brokerages have recently issued reports on TWTR. ValuEngine raised Twitter from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 31st. Zacks Investment Research reaffirmed a “strong-buy” rating and set a $37.00 price target on shares of Twitter in a report on Saturday, November 17th. Aegis upped their price target on Twitter from $40.00 to $41.00 and gave the company a “buy” rating in a report on Monday, October 29th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $44.00 price target on shares of Twitter in a report on Thursday, January 10th. Finally, Vertical Group raised Twitter from a “hold” rating to a “buy” rating in a report on Monday, January 28th. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Twitter has a consensus rating of “Hold” and a consensus price target of $35.33.
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Twitter Company Profile
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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