First Quadrant L P CA trimmed its holdings in Twitter Inc (NYSE:TWTR) by 75.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,297 shares of the social networking company’s stock after selling 13,132 shares during the quarter. First Quadrant L P CA’s holdings in Twitter were worth $141,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc boosted its position in Twitter by 2.7% during the third quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after purchasing an additional 1,830,649 shares in the last quarter. Northern Trust Corp boosted its holdings in Twitter by 3.9% in the fourth quarter. Northern Trust Corp now owns 10,706,757 shares of the social networking company’s stock worth $307,712,000 after acquiring an additional 397,903 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Twitter by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 9,133,563 shares of the social networking company’s stock worth $262,033,000 after acquiring an additional 569,560 shares in the last quarter. Norges Bank acquired a new stake in Twitter in the fourth quarter worth about $202,600,000. Finally, American Century Companies Inc. boosted its holdings in Twitter by 21.9% in the fourth quarter. American Century Companies Inc. now owns 4,889,411 shares of the social networking company’s stock worth $140,522,000 after acquiring an additional 878,417 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.
Shares of NYSE:TWTR traded up $1.11 during trading on Wednesday, reaching $38.58. The stock had a trading volume of 20,674,302 shares, compared to its average volume of 17,777,842. The firm has a market capitalization of $28.80 billion, a PE ratio of 70.15, a P/E/G ratio of 2.50 and a beta of 0.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.47 and a quick ratio of 4.47. Twitter Inc has a 1-year low of $26.19 and a 1-year high of $47.79.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.31. The company had revenue of $787.00 million for the quarter, compared to analyst estimates of $775.16 million. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. As a group, analysts expect that Twitter Inc will post 0.64 earnings per share for the current year.
TWTR has been the subject of several recent analyst reports. Deutsche Bank raised their price target on Twitter from $35.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Vertical Group raised Twitter from a “hold” rating to a “buy” rating in a report on Monday, January 28th. Guggenheim restated a “buy” rating and issued a $44.00 price objective (up from $41.00) on shares of Twitter in a research note on Wednesday, April 24th. Zacks Investment Research upgraded Twitter from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Friday, April 26th. Finally, Oppenheimer raised their price objective on Twitter from $33.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Twitter presently has an average rating of “Hold” and a consensus target price of $39.72.
In related news, VP Matthew Derella sold 4,668 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $34.47, for a total value of $160,905.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Kaiden sold 4,897 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $30.86, for a total value of $151,121.42. The disclosure for this sale can be found here. Insiders have sold 766,918 shares of company stock worth $24,194,941 in the last three months. 2.65% of the stock is currently owned by corporate insiders.
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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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