Joel Isaacson & Co. LLC Increases Stock Holdings in Twitter Inc (NYSE:TWTR)

Joel Isaacson & Co. LLC raised its stake in Twitter Inc (NYSE:TWTR) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 79,664 shares of the social networking company’s stock after purchasing an additional 1,467 shares during the quarter. Twitter accounts for 0.5% of Joel Isaacson & Co. LLC’s investment portfolio, making the stock its 27th biggest holding. Joel Isaacson & Co. LLC’s holdings in Twitter were worth $3,282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in TWTR. Keystone Financial Group boosted its stake in shares of Twitter by 3.5% in the second quarter. Keystone Financial Group now owns 8,093 shares of the social networking company’s stock valued at $282,000 after buying an additional 270 shares in the last quarter. Truvestments Capital LLC raised its holdings in Twitter by 55.7% during the third quarter. Truvestments Capital LLC now owns 836 shares of the social networking company’s stock worth $34,000 after purchasing an additional 299 shares during the last quarter. Impax Asset Management Group plc raised its holdings in Twitter by 1.1% during the second quarter. Impax Asset Management Group plc now owns 28,874 shares of the social networking company’s stock worth $1,008,000 after purchasing an additional 309 shares during the last quarter. Signaturefd LLC raised its holdings in Twitter by 8.0% during the second quarter. Signaturefd LLC now owns 4,193 shares of the social networking company’s stock worth $146,000 after purchasing an additional 310 shares during the last quarter. Finally, Executive Wealth Management LLC raised its holdings in Twitter by 7.1% during the second quarter. Executive Wealth Management LLC now owns 5,223 shares of the social networking company’s stock worth $182,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 69.22% of the company’s stock.

In other Twitter news, CFO Ned D. Segal sold 8,000 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $40.37, for a total transaction of $322,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Montano sold 1,250 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $36.95, for a total value of $46,187.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,337 shares of company stock valued at $5,819,800. Company insiders own 2.65% of the company’s stock.

Shares of NYSE:TWTR traded down $0.13 during midday trading on Wednesday, reaching $40.15. The company’s stock had a trading volume of 92,672 shares, compared to its average volume of 9,516,157. The firm has a market cap of $31.20 billion, a price-to-earnings ratio of 73.13, a price-to-earnings-growth ratio of 0.83 and a beta of 0.59. 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 1 year low of $26.26 and a 1 year high of $45.85. The business has a 50 day moving average price of $41.99 and a 200 day moving average price of $38.73.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Friday, July 26th. The social networking company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. The business had revenue of $841.40 million during the quarter, compared to the consensus estimate of $828.07 million. Twitter had a return on equity of 7.93% and a net margin of 71.46%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share. Sell-side analysts anticipate that Twitter Inc will post 2.06 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on TWTR shares. Cascend Securities lifted their price objective on Twitter from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Nomura lifted their price objective on Twitter from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Zacks Investment Research cut Twitter from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a report on Monday, September 30th. Citigroup set a $45.00 price objective on Twitter and gave the stock a “hold” rating in a report on Friday, September 6th. Finally, Cfra raised Twitter to a “hold” rating and set a $41.00 price objective for the company in a report on Wednesday, July 31st. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have given a buy rating to the stock. Twitter has an average rating of “Hold” and a consensus price target of $41.10.

About Twitter

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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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