Gateway Investment Advisers LLC lowered its stake in shares of Twitter Inc (NYSE:TWTR) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,190 shares of the social networking company’s stock after selling 2,535 shares during the period. Gateway Investment Advisers LLC’s holdings in Twitter were worth $927,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Atalanta Sosnoff Capital LLC purchased a new position in shares of Twitter during the 4th quarter valued at $17,581,000. Centre Asset Management LLC bought a new stake in shares of Twitter during the 4th quarter worth $7,243,000. MACRO Consulting Group bought a new stake in shares of Twitter during the 4th quarter worth $200,000. TD Asset Management Inc. lifted its holdings in shares of Twitter by 4.2% during the 4th quarter. TD Asset Management Inc. now owns 239,410 shares of the social networking company’s stock worth $6,880,000 after acquiring an additional 9,600 shares during the last quarter. Finally, Korea Investment CORP lifted its holdings in shares of Twitter by 128.5% during the 4th quarter. Korea Investment CORP now owns 394,814 shares of the social networking company’s stock worth $11,347,000 after acquiring an additional 222,000 shares during the last quarter. Institutional investors own 68.47% of the company’s stock.
A number of analysts have recently issued reports on TWTR shares. Vertical Group raised shares of Twitter from a “hold” rating to a “buy” rating in a report on Monday, January 28th. Wedbush reissued a “neutral” rating on shares of Twitter in a research note on Monday, February 11th. Jefferies Financial Group boosted their price target on shares of Twitter from $33.00 to $41.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $44.00 price target on shares of Twitter in a research note on Thursday, January 10th. Finally, BTIG Research reissued a “buy” rating and issued a $42.00 price target (up from $30.00) on shares of Twitter in a research note on Tuesday, February 12th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company. Twitter has an average rating of “Hold” and an average target price of $39.77.
Shares of NYSE TWTR traded up $0.21 during midday trading on Thursday, hitting $38.79. 9,603,552 shares of the company traded hands, compared to its average volume of 18,336,053. The stock has a market capitalization of $31.36 billion, a P/E ratio of 70.53, a P/E/G ratio of 2.72 and a beta of 0.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.47 and a quick ratio of 4.47. Twitter Inc has a 12-month low of $26.19 and a 12-month high of $47.79.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.31. The business had revenue of $787.00 million for the quarter, compared to analysts’ expectations of $775.16 million. Twitter had a net margin of 42.20% and a return on equity of 8.37%. The business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. Research analysts anticipate that Twitter Inc will post 0.64 earnings per share for the current year.
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, 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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