Kessler Investment Group LLC Purchases New Stake in Twitter Inc (NYSE:TWTR)

Kessler Investment Group LLC purchased a new stake in Twitter Inc (NYSE:TWTR) in the third quarter, HoldingsChannel.com reports. The fund purchased 1,000 shares of the social networking company’s stock, valued at approximately $41,000.

A number of other hedge funds also recently bought and sold shares of TWTR. Resources Investment Advisors LLC. acquired a new position in Twitter in the second quarter valued at about $30,000. Ellevest Inc. raised its stake in Twitter by 4,150.0% in the second quarter. Ellevest Inc. now owns 850 shares of the social networking company’s stock valued at $30,000 after purchasing an additional 830 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in Twitter by 74,500.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 746 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 745 shares in the last quarter. Whittier Trust Co. raised its stake in Twitter by 77.9% in the third quarter. Whittier Trust Co. now owns 747 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 327 shares in the last quarter. Finally, Truvestments Capital LLC raised its stake in Twitter by 55.7% in the third quarter. Truvestments Capital LLC now owns 836 shares of the social networking company’s stock valued at $34,000 after purchasing an additional 299 shares in the last quarter. 69.28% of the stock is owned by institutional investors and hedge funds.

In other Twitter news, Director David S. Rosenblatt sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $40.04, for a total value of $1,601,600.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Matthew Derella sold 4,668 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $39.68, for a total value of $185,226.24. The disclosure for this sale can be found here. Insiders sold 141,087 shares of company stock worth $5,773,613 over the last quarter. 2.65% of the stock is currently owned by company insiders.

Shares of NYSE:TWTR traded up $0.97 during midday trading on Monday, hitting $39.96. 5,929,525 shares of the stock were exchanged, compared to its average volume of 9,498,326. The stock has a market capitalization of $30.62 billion, a price-to-earnings ratio of 72.65, a P/E/G ratio of 0.82 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.33 and a current ratio of 4.33. The business’s 50-day moving average price is $41.86 and its 200 day moving average price is $38.83. Twitter Inc has a 12 month low of $26.26 and a 12 month high of $45.85.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Friday, July 26th. The social networking company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The company had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $828.07 million. Twitter had a return on equity of 7.93% and a net margin of 71.46%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 earnings per share. As a group, sell-side analysts expect that Twitter Inc will post 2.06 EPS for the current year.

A number of research firms recently commented on TWTR. Rosenblatt Securities began coverage on Twitter in a research note on Tuesday, July 23rd. They issued a “neutral” rating and a $38.00 price target for the company. Mizuho set a $35.00 target price on Twitter and gave the stock a “sell” rating in a research note on Friday, July 26th. Barclays set a $34.00 target price on Twitter and gave the stock a “sell” rating in a research note on Friday, July 26th. Nomura boosted their target price on Twitter from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Citigroup set a $45.00 target price on Twitter and gave the stock a “hold” rating in a research note on Friday, September 6th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $41.19.

Twitter 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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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