Pier Capital LLC raised its position in shares of Twitter Inc (NYSE:TWTR) by 32.1% in the first quarter, HoldingsChannel reports. The firm owned 15,916 shares of the social networking company’s stock after acquiring an additional 3,863 shares during the quarter. Pier Capital LLC’s holdings in Twitter were worth $523,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV bought a new stake in Twitter during the 1st quarter valued at about $584,000. BB&T Corp increased its stake in Twitter by 25.4% during the 1st quarter. BB&T Corp now owns 71,542 shares of the social networking company’s stock valued at $2,352,000 after purchasing an additional 14,471 shares in the last quarter. Conning Inc. grew its stake in shares of Twitter by 12.4% in the first quarter. Conning Inc. now owns 15,970 shares of the social networking company’s stock worth $525,000 after acquiring an additional 1,760 shares during the period. Jupiter Wealth Management LLC bought a new stake in shares of Twitter in the first quarter worth approximately $310,000. Finally, Strs Ohio grew its stake in shares of Twitter by 5.1% in the first quarter. Strs Ohio now owns 15,319 shares of the social networking company’s stock worth $503,000 after acquiring an additional 741 shares during the period. Institutional investors and hedge funds own 68.24% of the company’s stock.
TWTR stock opened at $39.29 on Thursday. The firm has a market capitalization of $30.54 billion, a PE ratio of 71.44, a P/E/G ratio of 3.55 and a beta of 0.50. The company has a current ratio of 4.47, a quick ratio of 4.69 and a debt-to-equity ratio of 0.25. Twitter Inc has a one year low of $26.19 and a one year high of $47.79.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.31. The company had revenue of $787.00 million for the quarter, compared to the consensus estimate of $775.16 million. Twitter had a net margin of 42.20% and a return on equity of 8.37%. Twitter’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 earnings per share. On average, equities research analysts predict that Twitter Inc will post 0.46 EPS for the current year.
In other Twitter news, VP Matthew Derella sold 4,668 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $34.47, for a total transaction of $160,905.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Michael Montano sold 1,250 shares of the business’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $34.29, for a total transaction of $42,862.50. The disclosure for this sale can be found here. Insiders have sold 797,603 shares of company stock worth $24,834,880 in the last quarter. Company insiders own 6.62% of the company’s stock.
A number of analysts have recently commented on TWTR shares. Vertical Group upgraded shares of Twitter from a “hold” rating to a “buy” rating in a research note on Monday, January 28th. Zacks Investment Research lowered shares of Twitter from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Goldman Sachs Group reiterated a “buy” rating and issued a $36.00 price target on shares of Twitter in a research note on Friday, February 8th. Robert W. Baird reduced their price target on shares of Twitter to $33.00 and set a “neutral” rating for the company in a research note on Friday, February 8th. Finally, Wedbush set a $37.00 price target on shares of Twitter and gave the stock a “hold” rating in a research note on Friday, February 8th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $38.41.
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform 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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