IFM Investors Pty Ltd Takes Position in Twitter, Inc. (NYSE:TWTR)

IFM Investors Pty Ltd purchased a new position in shares of Twitter, Inc. (NYSE:TWTR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,120 shares of the social networking company’s stock, valued at approximately $306,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Intl Fcstone Inc. increased its holdings in Twitter by 1.0% in the 1st quarter. Intl Fcstone Inc. now owns 13,552 shares of the social networking company’s stock valued at $221,000 after purchasing an additional 136 shares during the last quarter. Rothschild Asset Management Inc. increased its holdings in Twitter by 0.4% in the 2nd quarter. Rothschild Asset Management Inc. now owns 35,078 shares of the social networking company’s stock valued at $627,000 after purchasing an additional 151 shares during the last quarter. Nordea Investment Management AB increased its holdings in Twitter by 1.4% in the 1st quarter. Nordea Investment Management AB now owns 18,605 shares of the social networking company’s stock valued at $278,000 after purchasing an additional 257 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Twitter by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 14,272 shares of the social networking company’s stock valued at $213,000 after purchasing an additional 456 shares during the last quarter. Finally, Comerica Bank increased its holdings in Twitter by 1.8% in the 2nd quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock valued at $557,000 after purchasing an additional 489 shares during the last quarter. Institutional investors and hedge funds own 49.14% of the company’s stock.

Twitter, Inc. (NYSE TWTR) opened at 17.61 on Friday. The company’s market capitalization is $12.91 billion. Twitter, Inc. has a 1-year low of $14.12 and a 1-year high of $25.25. The firm’s 50-day moving average is $16.76 and its 200-day moving average is $16.94.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The company had revenue of $574.00 million for the quarter, compared to the consensus estimate of $536.63 million. During the same quarter in the previous year, the company earned $0.13 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts predict that Twitter, Inc. will post $0.33 EPS for the current year.

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In other news, Director Evan Clark Williams sold 452,500 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $17.82, for a total value of $8,063,550.00. Following the sale, the director now owns 2,789,339 shares in the company, valued at approximately $49,706,020.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $18.28, for a total transaction of $274,200.00. The disclosure for this sale can be found here. Insiders sold a total of 2,376,870 shares of company stock worth $43,271,705 in the last 90 days. 10.79% of the stock is owned by corporate insiders.

Several equities analysts have commented on TWTR shares. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.17 price target for the company in a research report on Monday, June 12th. BidaskClub raised shares of Twitter from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Twitter in a research report on Saturday, July 22nd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $20.00 price objective on shares of Twitter in a research report on Sunday, July 30th. Seventeen investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.49.

Twitter 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.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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