Landsberg Bennett & Dubbaneh LLC acquired a new position in shares of Twitter Inc (NYSE:TWTR) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 17,072 shares of the social networking company’s stock, valued at approximately $587,000.
Other hedge funds also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. acquired a new position in shares of Twitter in the 4th quarter valued at $27,000. JOYN Advisors Inc. increased its holdings in shares of Twitter by 258.5% in the 4th quarter. JOYN Advisors Inc. now owns 1,018 shares of the social networking company’s stock valued at $29,000 after acquiring an additional 734 shares during the period. Mosaic Family Wealth LLC increased its holdings in shares of Twitter by 47.3% in the 4th quarter. Mosaic Family Wealth LLC now owns 1,106 shares of the social networking company’s stock valued at $32,000 after acquiring an additional 355 shares during the period. Moody National Bank Trust Division increased its holdings in shares of Twitter by 92.6% in the 1st quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 478 shares during the period. Finally, First Financial Corp IN acquired a new position in shares of Twitter in the 1st quarter valued at $33,000. 68.37% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday. Guggenheim lifted their target price on shares of Twitter from $33.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Cascend Securities reaffirmed a “buy” rating and issued a $45.00 target price on shares of Twitter in a report on Wednesday, March 27th. ValuEngine raised shares of Twitter from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $42.00 target price (up from $30.00) on shares of Twitter in a report on Tuesday, February 12th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seventeen have assigned a buy rating to the company. Twitter has an average rating of “Hold” and a consensus target price of $35.79.
Twitter stock opened at $34.37 on Monday. Twitter Inc has a 52 week low of $26.19 and a 52 week high of $47.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 4.69 and a current ratio of 4.69. The stock has a market capitalization of $26.55 billion, a P/E ratio of 62.49, a price-to-earnings-growth ratio of 3.08 and a beta of 0.50.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, February 7th. The social networking company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.16 by $0.15. The business had revenue of $908.84 million for the quarter, compared to analyst estimates of $864.87 million. Twitter had a net margin of 39.63% and a return on equity of 8.08%. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS. Analysts forecast that Twitter Inc will post 0.46 EPS for the current fiscal year.
In other Twitter news, insider Michael Montano sold 1,250 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $34.69, for a total value of $43,362.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ned D. Segal sold 6,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,464,431 shares of company stock worth $46,652,981. 6.62% of the stock is owned by 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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