Cetera Advisor Networks LLC decreased its holdings in shares of Twitter Inc (NYSE:TWTR) by 15.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,419 shares of the social networking company’s stock after selling 1,525 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Twitter were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the company. Horizon Investments LLC bought a new stake in shares of Twitter in the 1st quarter valued at approximately $346,000. Boston Advisors LLC bought a new stake in shares of Twitter during the 2nd quarter valued at about $2,839,000. Sawtooth Solutions LLC boosted its stake in shares of Twitter by 7.7% during the 2nd quarter. Sawtooth Solutions LLC now owns 11,056 shares of the social networking company’s stock valued at $386,000 after purchasing an additional 786 shares in the last quarter. Asset Planning Services Inc. LA ADV boosted its stake in shares of Twitter by 24.2% during the 2nd quarter. Asset Planning Services Inc. LA ADV now owns 9,347 shares of the social networking company’s stock valued at $326,000 after purchasing an additional 1,823 shares in the last quarter. Finally, Bernardo Wealth Planning LLC bought a new stake in shares of Twitter during the 1st quarter valued at about $228,000. Institutional investors and hedge funds own 69.18% of the company’s stock.
A number of research analysts recently issued reports on the stock. Nomura lifted their price target on shares of Twitter from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Loop Capital initiated coverage on shares of Twitter in a research note on Monday, June 3rd. They set a “buy” rating on the stock. Rosenblatt Securities initiated coverage on shares of Twitter in a research note on Tuesday, July 23rd. They set a “neutral” rating and a $38.00 price target on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $35.00 price target (up previously from $32.00) on shares of Twitter in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group upped their price target on shares of Twitter from $41.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $41.35.
TWTR opened at $41.35 on Friday. 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 firm has a market cap of $32.85 billion, a P/E ratio of 68.55, a PEG ratio of 0.88 and a beta of 0.58. Twitter Inc has a 52 week low of $26.19 and a 52 week high of $45.85. The business’s fifty day simple moving average is $42.35 and its 200 day simple moving average is $37.97.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Friday, July 26th. The social networking company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $841.40 million for the quarter, compared to analyst estimates of $828.07 million. Twitter had a return on equity of 7.93% and a net margin of 71.46%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the company earned $0.17 EPS. As a group, equities analysts expect that Twitter Inc will post 2.06 EPS for the current fiscal year.
In other news, insider Michael Montano sold 1,250 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $43.13, for a total value of $53,912.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Matthew Derella sold 4,669 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $36.16, for a total value of $168,831.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,368 shares of company stock worth $5,321,415. Company insiders own 2.65% of the company’s stock.
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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