Artemis Investment Management LLP cut its holdings in Twitter Inc shares (NYSE: TWTR) by 51.7% during the second quarter, according to its latest disclosure to the Securities and Exchange Commission. The fund held 82,204 shares of the social networking company stock after 87,849 shares were sold during the quarter. Artemis Investment Management LLP holdings in Twitter had a value of $ 2,866,000 at the end of the most recent reporting period.
A number of other institutional investors and TWTR hedge funds also purchased and sold. Moody National Bank Trust Division raised its position in Twitter by 92.6% in the first quarter. Moody National Bank National Bank Trust Division 994 owns a stock of social networking company valued at $ 33,000 after purchasing 478 additional shares during the final quarter. First Financial Corp bought a new job in Twitter during the first quarter worth $ 33,000. Asset Dedication LLC bought a new job in Twitter shares in the first quarter which had a value of around $ 33,000. Cullen Frost Bankers Inc. bought A new post in Twitter shares in the first quarter is worth around $ 33,000. Finally, Joseph P. Lucia & Associates LLC bought a new position in Twitter shares in the second quarter which was valued at around $ 43,000. 68.77% of the company's stock is held by hedge funds and other institutional investors.
A number of brokerage have recently commented on TWTR. Guggenheim reappointed a “buy” rating and issued a price target of $ 44.00 (up from $ 41.00) on Twitter shares in a research note on Wednesday, April 24th. Jefferies Finance Group increased its price target for Twitter shares from $ 41.00 to $ 44.00 and gave the company a "held" rating in a research note on Monday, 29 July. Rosenblatt Securities coverage on Twitter shares began in a research note on Tuesday, 23 July. They set a “neutral” rating and a $ 38.00 price target for the stock. Zacks Investment Research was charged on shares from a “strong purchase” rating to a “retained” rating and a stock price target of $ 49.00 was set. in a research note on Thursday, 1 August. Finally, Edge started Consumer coverage on Twitter shares in a research report on Friday, 17 May. They issued a “fair weight” rating and a target price of $ 38.30 on the stock. Four research analysts have been rated sales, seventeen analysts have issued a possession rating, and fifteen gave purchase ratings to the stock. The stock currently has a “Hold” compromise rating and an average price of $ 40.91.
In other Twitter news, VP Matthew Derella sold 10,793 shares of Twitter stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $ 35.31, for a total transaction of $ 381,100.83. The transaction was disclosed in legal filing with the SEC, which is available through the SEC website. Also, the Director David S. Rosenblatt sold 40,000 shares of Twitter stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $ 40.04, a total value of $ 1,601,600.00. The disclosure for this sale can be found here. In the past 90 days, the people within 146,032 shares of the company's stock sold worth $ 5,697,904. There are 2.88% of the company's stock.
TWTR shares opened at $ 42.29 on Wednesday. There is a low-year of $ 26.19 at Twitter Inc. and it is $ 43.48 one year high. The firm has an average of $ 39.45 moving the day and an average of 200 days of $ 35.84 moving. The company has a debt-to-equity ratio of 0.29, a rapid ratio of 4.33 and a current ratio of 4.33. The company has a market ceiling of $ 32.51 billion, a price-to-earnings ratio of 76.89, a growth-to-earn ratio of 0.84 and a beta of 0.62.
Twitter (NYSE: TWTR) issued its quarterly earnings data on Friday, July 26th. The social networking company reported $ 0.12 earnings per share for the quarter, consensus estimates of striking analysts of $ 0.09 with $ 0.03. Twitter had a net net value of 71.46% and an equity return of 7.93%. The business had an income of $ 841.40 million for the quarter, compared to the expectations of analysts of $ 828.07 million. During the same period in the previous year, the business earned $ 0.17 earnings per share. Company income increased by 18.4% year on year. According to the analysts Twitter Twitter will have 2.06 EPS posted for the current year.
Twitter, Inc. acts as a platform for self-expression and public conversation in real-time. The company offers a variety of products and services, including Twitter, a platform that allows users to eat, create, distribute, and find content; and Periscope, a mobile application that enables the user to broadcast and watch live video with others.
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