Barings LLC acquired a new stake in Twitter Inc (NYSE:TWTR) during the 4th quarter, HoldingsChannel reports. The fund acquired 42,400 shares of the social networking company’s stock, valued at approximately $1,018,000.
Several other institutional investors and hedge funds also recently modified their holdings of TWTR. Balentine LLC raised its position in shares of Twitter by 86.6% in the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after purchasing an additional 3,167 shares during the period. Toronto Dominion Bank raised its position in shares of Twitter by 21.3% in the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after purchasing an additional 1,333 shares during the period. Malaga Cove Capital LLC bought a new position in shares of Twitter in the third quarter valued at about $154,000. Staley Capital Advisers Inc. bought a new position in shares of Twitter in the third quarter valued at about $173,000. Finally, Berkshire Asset Management LLC PA bought a new position in shares of Twitter in the third quarter valued at about $184,000. 52.08% of the stock is currently owned by institutional investors.
In other news, Director Evan Clark Williams sold 546,200 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $33.36, for a total value of $18,221,232.00. Following the sale, the director now directly owns 2,218,744 shares in the company, valued at approximately $74,017,299.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Kaiden sold 1,186 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $24.44, for a total transaction of $28,985.84. The disclosure for this sale can be found here. Insiders have sold 3,206,211 shares of company stock worth $76,385,443 over the last quarter. Corporate insiders own 9.18% of the company’s stock.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The firm had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.79%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. equities analysts predict that Twitter Inc will post 0.15 EPS for the current fiscal year.
Several brokerages have recently weighed in on TWTR. Barclays increased their price objective on shares of Twitter from $16.00 to $18.00 and gave the company an “underweight” rating in a research report on Friday, October 27th. Vetr lowered shares of Twitter from a “strong-buy” rating to a “hold” rating and set a $19.88 price objective on the stock. in a research report on Thursday, October 26th. Citigroup raised shares of Twitter from a “sell” rating to a “neutral” rating and increased their price objective for the company from $19.90 to $20.00 in a research report on Monday, November 6th. SunTrust Banks increased their price objective on shares of Twitter to $29.00 and gave the company a “hold” rating in a research report on Friday, February 9th. They noted that the move was a valuation call. Finally, Wells Fargo & Co increased their price objective on shares of Twitter to $28.00 and gave the company a “market perform” rating in a research report on Friday, February 9th. Eight research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.46.
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Twitter Company Profile
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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