Pinebridge Investments L.P. Increases Stock Holdings in Twitter, Inc. (NYSE:TWTR)

Pinebridge Investments L.P. boosted its position in Twitter, Inc. (NYSE:TWTRGet Rating) by 30.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,484 shares of the social networking company’s stock after purchasing an additional 22,069 shares during the period. Pinebridge Investments L.P.’s holdings in Twitter were worth $4,084,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. CIBC Asset Management Inc lifted its position in shares of Twitter by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 72,268 shares of the social networking company’s stock valued at $4,364,000 after buying an additional 2,355 shares in the last quarter. Sawtooth Solutions LLC lifted its position in shares of Twitter by 30.6% during the 3rd quarter. Sawtooth Solutions LLC now owns 6,973 shares of the social networking company’s stock valued at $421,000 after buying an additional 1,635 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Twitter by 80.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 185,806 shares of the social networking company’s stock valued at $11,221,000 after buying an additional 82,869 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Twitter by 3.0% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 158,346 shares of the social networking company’s stock valued at $9,563,000 after buying an additional 4,625 shares in the last quarter. Finally, Forsta AP Fonden lifted its position in shares of Twitter by 6.8% during the 3rd quarter. Forsta AP Fonden now owns 152,900 shares of the social networking company’s stock valued at $9,234,000 after buying an additional 9,800 shares in the last quarter. 91.72% of the stock is currently owned by institutional investors and hedge funds.

In other Twitter news, insider Bruce Falck sold 20,069 shares of the stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $48.89, for a total transaction of $981,173.41. Following the sale, the insider now owns 346,210 shares of the company’s stock, valued at approximately $16,926,206.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction on Tuesday, April 12th. The shares were sold at an average price of $47.14, for a total value of $235,700.00. Following the completion of the transaction, the chief financial officer now owns 522,129 shares in the company, valued at $24,613,161.06. The disclosure for this sale can be found here. Insiders sold 52,764 shares of company stock valued at $2,511,071 over the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Shares of TWTR opened at $40.72 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 6.58 and a quick ratio of 6.58. The firm has a market capitalization of $31.09 billion, a price-to-earnings ratio of 177.05 and a beta of 0.56. The company has a 50-day moving average of $43.42 and a 200 day moving average of $42.61. Twitter, Inc. has a 1-year low of $31.30 and a 1-year high of $73.34.

Twitter (NYSE:TWTRGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The social networking company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.87. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Twitter had a return on equity of 3.77% and a net margin of 4.27%. Twitter’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. On average, equities analysts anticipate that Twitter, Inc. will post 0.99 earnings per share for the current fiscal year.

Twitter declared that its board has initiated a stock buyback program on Thursday, February 10th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the social networking company to repurchase up to 14% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

TWTR has been the topic of a number of analyst reports. Wedbush lifted their price objective on Twitter from $42.00 to $54.00 in a research report on Tuesday, April 26th. Citigroup boosted their price target on Twitter from $41.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, April 20th. Loop Capital cut Twitter from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Stifel Nicolaus raised Twitter from a “sell” rating to a “hold” rating and boosted their price target for the stock from $39.00 to $54.20 in a report on Tuesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Twitter from $35.00 to $54.20 and gave the stock a “hold” rating in a report on Tuesday, April 26th. Two equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.55.

About Twitter (Get Rating)

Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.

Further Reading

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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