Aries Wealth Management Invests $238,000 in Twitter Inc (NYSE:TWTR)

Aries Wealth Management acquired a new position in Twitter Inc (NYSE:TWTR) during the third quarter, according to its most recent filing with the SEC. The firm acquired 5,900 shares of the social networking company’s stock, valued at approximately $238,000.

Several other hedge funds have also modified their holdings of the company. State of Michigan Retirement System raised its stake in shares of Twitter by 6.3% in the third quarter. State of Michigan Retirement System now owns 185,800 shares of the social networking company’s stock worth $7,655,000 after purchasing an additional 11,000 shares during the last quarter. World Asset Management Inc grew its holdings in Twitter by 5.6% during the third quarter. World Asset Management Inc now owns 50,678 shares of the social networking company’s stock valued at $2,088,000 after purchasing an additional 2,701 shares during the period. Kessler Investment Group LLC bought a new stake in Twitter during the third quarter valued at about $41,000. Brinker Capital Inc. lifted its position in shares of Twitter by 7.6% in the third quarter. Brinker Capital Inc. now owns 55,942 shares of the social networking company’s stock valued at $2,305,000 after acquiring an additional 3,957 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of 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 acquiring an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 69.28% of the company’s stock.

NYSE:TWTR opened at $38.81 on Wednesday. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $41.60 and a two-hundred day simple moving average of $38.94. The company has a market cap of $30.14 billion, a price-to-earnings ratio of 70.56, a price-to-earnings-growth ratio of 0.80 and a beta of 0.59. Twitter Inc has a 52 week low of $26.26 and a 52 week high of $45.85.

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

A number of equities research analysts recently commented on TWTR shares. SunTrust Banks boosted their target price on Twitter to $41.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. They noted that the move was a valuation call. Cfra upgraded Twitter to a “hold” rating and set a $41.00 target price on the stock in a research report on Wednesday, July 31st. ValuEngine downgraded Twitter from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wedbush restated a “neutral” rating and set a $42.00 price objective on shares of Twitter in a research report on Friday, October 18th. Finally, Cascend Securities upped their price objective on Twitter from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and fourteen have assigned a buy rating to the company. Twitter currently has an average rating of “Hold” and an average target price of $41.19.

In related news, insider Michael Montano sold 1,750 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $40.33, for a total transaction of $70,577.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew Derella sold 4,668 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $39.68, for a total transaction of $185,226.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 141,087 shares of company stock valued at $5,773,613. Insiders own 2.65% of the company’s stock.

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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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