IFM Investors Pty Ltd grew its stake in shares of Twitter Inc (NYSE:TWTR) by 26.0% during the second quarter, Holdings Channel reports. The firm owned 53,813 shares of the social networking company’s stock after purchasing an additional 11,097 shares during the period. IFM Investors Pty Ltd’s holdings in Twitter were worth $1,878,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its position in shares of Twitter by 2.2% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 77,494 shares of the social networking company’s stock worth $2,705,000 after purchasing an additional 1,666 shares in the last quarter. Atalanta Sosnoff Capital LLC boosted its position in shares of Twitter by 9.8% during the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 695,847 shares of the social networking company’s stock worth $24,285,000 after purchasing an additional 62,254 shares in the last quarter. SevenBridge Financial Group LLC boosted its position in shares of Twitter by 1,273.0% in the 2nd quarter. SevenBridge Financial Group LLC now owns 1,373 shares of the social networking company’s stock worth $48,000 after buying an additional 1,273 shares in the last quarter. Welch & Forbes LLC purchased a new stake in shares of Twitter in the 2nd quarter worth about $251,000. Finally, Xact Kapitalforvaltning AB boosted its position in shares of Twitter by 8.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 137,871 shares of the social networking company’s stock worth $4,812,000 after buying an additional 10,417 shares in the last quarter. 67.20% of the stock is currently owned by institutional investors.
TWTR has been the topic of several recent research reports. Aegis boosted their price objective on shares of Twitter from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Guggenheim upgraded shares of Novartis from a “neutral” rating to a “buy” rating and set a $79.16 target price on the stock in a report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Teck Resources from C$56.00 to C$55.00 in a report on Wednesday, April 24th. Deutsche Bank upped their target price on shares of Texas Instruments from $100.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Finally, Oppenheimer started coverage on shares of Kala Pharmaceuticals in a report on Wednesday, April 24th. They issued an “outperform” rating and a $11.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.44.
In related news, insider Michael Montano sold 1,250 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $36.95, for a total transaction of $46,187.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew Derella sold 18,002 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $40.36, for a total transaction of $726,560.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,648 shares of company stock valued at $3,416,272. Corporate insiders own 2.65% of the company’s stock.
NYSE TWTR opened at $41.52 on Friday. Twitter Inc has a 12 month low of $26.19 and a 12 month high of $42.33. The company’s 50-day moving average is $36.74. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.47 and a current ratio of 4.47. The firm has a market cap of $29.30 billion, a P/E ratio of 75.49, a P/E/G ratio of 2.43 and a beta of 0.57.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Friday, July 26th. The social networking company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. Twitter had a net margin of 42.20% and a return on equity of 8.37%. The company had revenue of $841.40 million during the quarter, compared to the consensus estimate of $828.07 million. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, analysts expect that Twitter Inc will post 0.67 EPS for the current fiscal year.
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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