Raymond James Trust N.A. decreased its position in Twitter Inc (NYSE:TWTR) by 12.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,447 shares of the social networking company’s stock after selling 2,211 shares during the quarter. Raymond James Trust N.A.’s holdings in Twitter were worth $508,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in TWTR. Financial Gravity Companies Inc. acquired a new position in Twitter during the 4th quarter worth about $27,000. JOYN Advisors Inc. lifted its position in Twitter by 258.5% during the 4th quarter. JOYN Advisors Inc. now owns 1,018 shares of the social networking company’s stock worth $29,000 after buying an additional 734 shares in the last quarter. Mosaic Family Wealth LLC lifted its position in Twitter by 47.3% during the 4th quarter. Mosaic Family Wealth LLC now owns 1,106 shares of the social networking company’s stock worth $32,000 after buying an additional 355 shares in the last quarter. Moody National Bank Trust Division lifted its position in Twitter by 92.6% during the 1st quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock worth $33,000 after buying an additional 478 shares in the last quarter. Finally, First Financial Corp IN acquired a new position in Twitter during the 1st quarter worth about $33,000. 68.47% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on TWTR shares. Vertical Group upgraded shares of Twitter from a “hold” rating to a “buy” rating in a research report on Monday, January 28th. Wedbush reiterated a “neutral” rating on shares of Twitter in a research report on Monday, February 11th. Jefferies Financial Group upped their price target on shares of Twitter from $33.00 to $41.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Oppenheimer boosted their price objective on Twitter from $33.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, BTIG Research reissued a “buy” rating and set a $42.00 price objective (up from $30.00) on shares of Twitter in a report on Tuesday, February 12th. Two equities research 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.77.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.31. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The firm had revenue of $787.00 million during the quarter, compared to the consensus estimate of $775.16 million. During the same quarter in the prior year, the firm posted $0.16 EPS. The business’s revenue was up 18.3% on a year-over-year basis. On average, analysts predict that Twitter Inc will post 0.64 EPS for the current year.
In other news, insider Robert Kaiden sold 8,291 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $40.00, for a total value of $331,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Matthew Derella sold 4,668 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $34.47, for a total value of $160,905.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 792,811 shares of company stock valued at $24,937,276. Insiders own 2.65% of the company’s stock.
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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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