Tyers Asset Management LLC reduced its stake in shares of Twitter Inc (NYSE:TWTR) by 17.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,392 shares of the social networking company’s stock after selling 2,928 shares during the quarter. Tyers Asset Management LLC’s holdings in Twitter were worth $467,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in Twitter by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 9,133,563 shares of the social networking company’s stock valued at $262,033,000 after buying an additional 569,560 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Twitter by 101.2% in the 1st quarter. SG Americas Securities LLC now owns 4,459 shares of the social networking company’s stock worth $147,000 after purchasing an additional 380,112 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Twitter by 4.1% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 90,555 shares of the social networking company’s stock worth $2,977,000 after purchasing an additional 3,555 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Twitter by 1.4% in the 1st quarter. State Treasurer State of Michigan now owns 209,900 shares of the social networking company’s stock worth $6,902,000 after buying an additional 2,900 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Twitter by 1.8% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 117,809 shares of the social networking company’s stock worth $3,874,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 69.64% of the company’s stock.
Several equities analysts recently weighed in on TWTR shares. Zacks Investment Research downgraded Twitter from a “strong-buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research report on Thursday, August 1st. Nomura boosted their price objective on Twitter from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Cfra upgraded Twitter to a “hold” rating and set a $41.00 target price for the company in a research report on Wednesday, July 31st. Mizuho set a $35.00 target price on Twitter and gave the company a “sell” rating in a research report on Friday, July 26th. Finally, Rosenblatt Securities started coverage on Twitter in a report on Tuesday, July 23rd. They issued a “neutral” rating and a $38.00 price target for the company. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have assigned a buy rating to the stock. Twitter has a consensus rating of “Hold” and a consensus target price of $41.35.
TWTR stock traded down $0.48 during midday trading on Friday, hitting $42.72. The company’s stock had a trading volume of 4,289,697 shares, compared to its average volume of 11,473,096. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.29. Twitter Inc has a 52-week low of $26.19 and a 52-week high of $45.85. The firm has a market capitalization of $32.96 billion, a P/E ratio of 77.67, a PEG ratio of 0.89 and a beta of 0.58. The firm has a 50-day simple moving average of $41.97 and a 200-day simple moving average of $37.08.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Friday, July 26th. The social networking company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Twitter had a net margin of 71.46% and a return on equity of 7.93%. The company had revenue of $841.40 million during the quarter, compared to analysts’ expectations of $828.07 million. During the same quarter last year, the company posted $0.17 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. On average, sell-side analysts expect that Twitter Inc will post 2.06 earnings per share for the current fiscal year.
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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