Everence Capital Management Inc. acquired a new stake in shares of Twitter Inc (NYSE:TWTR) during the first quarter, HoldingsChannel.com reports. The fund acquired 12,505 shares of the social networking company’s stock, valued at approximately $411,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Twitter in the 4th quarter worth approximately $202,600,000. SRS Investment Management LLC bought a new stake in shares of Twitter in the 4th quarter worth approximately $140,191,000. Oregon Public Employees Retirement Fund boosted its position in shares of Twitter by 2,245.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,309,218 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 4,125,455 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Twitter by 820.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,307,199 shares of the social networking company’s stock valued at $95,042,000 after purchasing an additional 2,948,050 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its position in shares of Twitter by 1,085.7% during the first quarter. Nikko Asset Management Americas Inc. now owns 2,200,069 shares of the social networking company’s stock valued at $72,338,000 after purchasing an additional 2,014,515 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors.
In other news, CFO Ned D. Segal sold 6,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $36.84, for a total value of $221,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Robert Kaiden sold 2,603 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $30.67, for a total value of $79,834.01. The disclosure for this sale can be found here. Insiders have sold 768,168 shares of company stock valued at $24,234,529 in the last quarter. 2.65% of the stock is owned by company insiders.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.31. The business had revenue of $787.00 million during the quarter, compared to analysts’ expectations of $775.16 million. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. As a group, research analysts anticipate that Twitter Inc will post 0.64 EPS for the current year.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Twitter from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Friday, April 26th. Wedbush restated a “neutral” rating and set a $37.00 price target on shares of Twitter in a research report on Thursday, April 18th. Guggenheim lifted their price target on Twitter from $33.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Cascend Securities restated a “buy” rating and set a $45.00 price target on shares of Twitter in a research report on Wednesday, March 27th. Finally, BMO Capital Markets lifted their price target on Twitter from $40.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company. Twitter presently has an average rating of “Hold” and a consensus price target of $39.77.
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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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