Investors Sell Shares of Twitter (TWTR) on Strength (TWTR)

Traders sold shares of Twitter Inc (NYSE:TWTR) on strength during trading hours on Friday. $111.07 million flowed into the stock on the tick-up and $128.61 million flowed out of the stock on the tick-down, for a money net flow of $17.54 million out of the stock. Of all stocks tracked, Twitter had the 0th highest net out-flow for the day. Twitter traded up $0.05 for the day and closed at $32.01

Several brokerages have recently commented on TWTR. Zacks Investment Research cut Twitter from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Nomura upgraded Twitter from a “reduce” rating to a “neutral” rating and decreased their target price for the stock from $31.75 to $31.00 in a report on Tuesday, July 31st. Bank of America set a $27.00 target price on Twitter and gave the stock a “sell” rating in a report on Monday, July 30th. Wells Fargo & Co decreased their target price on Twitter from $42.00 to $32.00 and set an “in-line” rating on the stock in a report on Monday, July 30th. Finally, Citigroup increased their target price on Twitter from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. Three equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.10.

The company has a debt-to-equity ratio of 0.47, a current ratio of 11.00 and a quick ratio of 11.00. The company has a market cap of $24.22 billion, a price-to-earnings ratio of 106.53, a PEG ratio of 4.08 and a beta of 0.68.

Twitter (NYSE:TWTR) last released its earnings results on Friday, July 27th. The social networking company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Twitter had a return on equity of 4.37% and a net margin of 8.57%. The firm had revenue of $710.54 million for the quarter, compared to analyst estimates of $697.35 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 23.8% on a year-over-year basis. equities research analysts anticipate that Twitter Inc will post 0.36 earnings per share for the current fiscal year.

In other news, Director Evan Clark Williams sold 682,242 shares of the firm’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $44.51, for a total transaction of $30,366,591.42. Following the sale, the director now owns 1,838,600 shares of the company’s stock, valued at $81,836,086. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Robert Kaiden sold 3,641 shares of the firm’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $35.52, for a total value of $129,328.32. The disclosure for this sale can be found here. Insiders sold 2,791,954 shares of company stock worth $121,932,783 in the last three months. Insiders own 10.79% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWTR. First Trust Advisors LP grew its stake in Twitter by 9.9% in the second quarter. First Trust Advisors LP now owns 8,784,475 shares of the social networking company’s stock valued at $383,618,000 after purchasing an additional 789,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Twitter by 1.0% in the first quarter. The Manufacturers Life Insurance Company now owns 4,559,204 shares of the social networking company’s stock valued at $132,262,000 after purchasing an additional 47,035 shares in the last quarter. Jericho Capital Asset Management L.P. grew its stake in Twitter by 4.1% in the first quarter. Jericho Capital Asset Management L.P. now owns 3,676,615 shares of the social networking company’s stock valued at $106,659,000 after purchasing an additional 144,368 shares in the last quarter. Legal & General Group Plc grew its stake in Twitter by 4.8% in the second quarter. Legal & General Group Plc now owns 2,918,801 shares of the social networking company’s stock valued at $127,464,000 after purchasing an additional 133,266 shares in the last quarter. Finally, ARK Investment Management LLC grew its stake in Twitter by 2.3% in the second quarter. ARK Investment Management LLC now owns 2,757,845 shares of the social networking company’s stock valued at $120,435,000 after purchasing an additional 60,849 shares in the last quarter. 59.05% of the stock is currently owned by institutional investors.

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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