Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Twitter Inc (NYSE:TWTR) by 20.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 195,891 shares of the social networking company’s stock after acquiring an additional 32,612 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Twitter were worth $6,441,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of TWTR. Teachers Advisors LLC increased its stake in shares of Twitter by 6.4% in the third quarter. Teachers Advisors LLC now owns 3,189,281 shares of the social networking company’s stock valued at $90,767,000 after buying an additional 190,666 shares in the last quarter. Nordea Investment Management AB increased its position in Twitter by 32.2% in the third quarter. Nordea Investment Management AB now owns 36,673 shares of the social networking company’s stock worth $1,043,000 after purchasing an additional 8,928 shares during the period. Legal & General Group Plc increased its position in Twitter by 2.9% in the third quarter. Legal & General Group Plc now owns 3,003,496 shares of the social networking company’s stock worth $85,480,000 after purchasing an additional 84,695 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of Twitter during the 3rd quarter worth about $265,000. Finally, Great Lakes Advisors LLC acquired a new position in shares of Twitter during the 3rd quarter worth about $268,000. Hedge funds and other institutional investors own 71.23% of the company’s stock.
TWTR has been the topic of several recent analyst reports. Deutsche Bank lifted their price objective on Twitter from $35.00 to $39.00 and gave the company 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 reissued a “buy” rating and set a $44.00 target price (up from $41.00) on shares of Twitter in a report on Wednesday, April 24th. Zacks Investment Research upgraded Twitter from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Friday, April 26th. Finally, Oppenheimer upped their price objective on Twitter from $33.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $39.72.
TWTR stock traded up $0.22 during mid-day trading on Friday, hitting $37.41. 8,768,971 shares of the stock were exchanged, compared to its average volume of 15,015,797. Twitter Inc has a 12 month low of $26.19 and a 12 month high of $47.79. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.34. The firm has a market cap of $28.59 billion, a P/E ratio of 68.02, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59.
Twitter (NYSE:TWTR) last released its earnings results on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.31. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The company had revenue of $787.00 million during the quarter, compared to analyst estimates of $775.16 million. During the same quarter in the previous year, the company posted $0.16 EPS. Twitter’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, research analysts expect that Twitter Inc will post 0.64 EPS for the current fiscal year.
In related news, insider Michael Montano sold 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $31.24, for a total value of $39,050.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Vijaya Gadde sold 16,664 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $39.32, for a total value of $655,228.48. The disclosure for this sale can be found here. Insiders sold a total of 768,168 shares of company stock worth $24,241,404 in the last 90 days. 2.65% of the stock is currently owned by company 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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