Sigma Planning Corp grew its stake in shares of Twitter Inc (NYSE:TWTR) by 17.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,460 shares of the social networking company’s stock after purchasing an additional 4,161 shares during the period. Sigma Planning Corp’s holdings in Twitter were worth $1,243,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Twitter during the second quarter valued at $24,251,000. First Trust Advisors LP boosted its position in shares of Twitter by 9.9% in the 2nd 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 during the period. Integrated Investment Consultants LLC acquired a new position in shares of Twitter in the 2nd quarter valued at $166,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Twitter by 24.9% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 16,243 shares of the social networking company’s stock valued at $709,000 after purchasing an additional 3,236 shares during the period. Finally, Kovack Advisors Inc. acquired a new stake in Twitter during the 2nd quarter worth about $495,000. Institutional investors own 64.51% of the company’s stock.
NYSE TWTR traded down $0.46 during trading hours on Friday, hitting $35.18. 19,056,700 shares of the company traded hands, compared to its average volume of 30,406,824. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.00 and a current ratio of 11.00. The stock has a market capitalization of $26.90 billion, a PE ratio of 592.17, a price-to-earnings-growth ratio of 4.57 and a beta of 0.68. Twitter Inc has a twelve month low of $16.44 and a twelve month high of $47.79.
In other Twitter news, VP Matthew Derella sold 15,098 shares of the firm’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $31.95, for a total transaction of $482,381.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 682,242 shares of the firm’s stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $44.51, for a total value of $30,366,591.42. Following the transaction, the director now owns 1,838,600 shares in the company, valued at approximately $81,836,086. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,445,912 shares of company stock worth $143,212,921. 10.79% of the stock is owned by corporate insiders.
A number of equities research analysts have commented on the company. Wells Fargo & Co decreased their price objective on Twitter from $42.00 to $32.00 and set an “in-line” rating for the company in a research report on Monday, July 30th. Canaccord Genuity reiterated a “hold” rating and set a $32.00 price target (up from $28.00) on shares of Twitter in a report on Friday, July 27th. Nomura raised Twitter from a “reduce” rating to a “neutral” rating and cut their price objective for the company from $31.75 to $31.00 in a research note on Tuesday, July 31st. Macquarie downgraded Twitter from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $36.00 to $42.00 in a research report on Wednesday, July 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Twitter from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $33.13.
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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