Liberty Wealth Management LLC Raises Holdings in Twitter, Inc. (NYSE:TWTR)

Liberty Wealth Management LLC increased its stake in shares of Twitter, Inc. (NYSE:TWTR) by 42,333.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,730 shares of the social networking company’s stock after buying an additional 12,700 shares during the quarter. Liberty Wealth Management LLC’s holdings in Twitter were worth $185,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TD Capital Management LLC purchased a new position in Twitter during the second quarter worth $28,000. Cypress Capital LLC acquired a new stake in shares of Twitter during the first quarter valued at $31,000. Hudock Inc. boosted its stake in shares of Twitter by 174.0% during the second quarter. Hudock Inc. now owns 548 shares of the social networking company’s stock valued at $37,000 after acquiring an additional 348 shares during the last quarter. SRS Capital Advisors Inc. acquired a new position in Twitter in the 2nd quarter valued at about $41,000. Finally, Tradition Wealth Management LLC lifted its holdings in Twitter by 50.3% in the 2nd quarter. Tradition Wealth Management LLC now owns 601 shares of the social networking company’s stock valued at $41,000 after purchasing an additional 201 shares in the last quarter. 79.32% of the stock is currently owned by hedge funds and other institutional investors.

TWTR has been the subject of a number of analyst reports. KeyCorp boosted their price objective on shares of Twitter from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, July 23rd. Bank of America increased their price target on Twitter from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, July 23rd. Rosenblatt Securities lifted their price objective on Twitter from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, July 23rd. The Goldman Sachs Group assumed coverage on Twitter in a research report on Monday, September 13th. They set a “sell” rating and a $60.00 target price on the stock. Finally, Barclays lifted their price target on Twitter from $48.00 to $60.00 and gave the company an “underweight” rating in a report on Friday, July 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $72.80.

TWTR opened at $62.20 on Thursday. Twitter, Inc. has a twelve month low of $38.93 and a twelve month high of $80.75. The firm has a market cap of $49.63 billion, a price-to-earnings ratio of 132.34 and a beta of 0.77. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $63.35 and a 200 day simple moving average of $63.39.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, July 22nd. The social networking company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. Twitter had a net margin of 8.64% and a return on equity of 4.80%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company posted ($1.39) EPS. The firm’s revenue for the quarter was up 74.2% on a year-over-year basis. On average, analysts forecast that Twitter, Inc. will post 0.35 earnings per share for the current fiscal year.

In related news, insider Vijaya Gadde sold 2,388 shares of Twitter stock in a transaction on Wednesday, September 15th. The shares were sold at an average price of $59.86, for a total value of $142,945.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Derella sold 18,382 shares of the stock in a transaction on Wednesday, August 4th. The shares were sold at an average price of $68.59, for a total transaction of $1,260,821.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,774 shares of company stock valued at $7,044,259. 2.56% of the stock is owned by insiders.

Twitter Profile

Twitter, Inc is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions and news. The company’s services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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