Great West Life Assurance Co. Can Purchases 66,040 Shares of Twitter, Inc. (TWTR)

Great West Life Assurance Co. Can increased its stake in shares of Twitter, Inc. (NYSE:TWTR) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 726,313 shares of the social networking company’s stock after buying an additional 66,040 shares during the period. Great West Life Assurance Co. Can owned 0.10% of Twitter worth $12,959,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TWTR. Nwam LLC raised its stake in shares of Twitter by 0.4% in the first quarter. Nwam LLC now owns 12,573 shares of the social networking company’s stock valued at $188,000 after buying an additional 50 shares during the period. Intl Fcstone Inc. raised its stake in shares of Twitter by 1.0% in the first quarter. Intl Fcstone Inc. now owns 13,552 shares of the social networking company’s stock valued at $221,000 after buying an additional 136 shares during the period. Nordea Investment Management AB raised its stake in shares of Twitter by 1.4% in the first quarter. Nordea Investment Management AB now owns 18,605 shares of the social networking company’s stock valued at $278,000 after buying an additional 257 shares during the period. Atria Investments LLC raised its position in Twitter by 2.6% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company’s stock worth $156,000 after buying an additional 268 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Twitter by 3.3% in the first quarter. Pacer Advisors Inc. now owns 14,272 shares of the social networking company’s stock worth $213,000 after buying an additional 456 shares during the last quarter. Institutional investors and hedge funds own 47.36% of the company’s stock.

Twitter, Inc. (NYSE TWTR) traded up 0.76% during mid-day trading on Friday, reaching $15.99. 7,808,420 shares of the company traded hands. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $25.25. The stock’s market capitalization is $11.72 billion. The firm’s 50-day moving average is $17.69 and its 200 day moving average is $16.85.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $574 million during the quarter, compared to the consensus estimate of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. On average, equities research analysts expect that Twitter, Inc. will post $0.34 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.com-unik.info/2017/08/19/great-west-life-assurance-co-can-has-12-96-million-stake-in-twitter-inc-twtr-updated.html.

TWTR has been the topic of a number of recent research reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $20.00 price target on shares of Twitter in a research report on Friday, April 28th. Jefferies Group LLC restated a “buy” rating and set a $20.00 price target on shares of Twitter in a research report on Thursday, April 27th. BTIG Research restated a “buy” rating on shares of Twitter in a research report on Friday, April 28th. Drexel Hamilton restated a “buy” rating on shares of Twitter in a research report on Tuesday, May 2nd. Finally, Vetr upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $18.68 price target on the stock in a research report on Monday, May 29th. Sixteen analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have given a buy rating to the company. Twitter presently has an average rating of “Hold” and an average target price of $15.59.

In other news, Director Evan Clark Williams sold 853,700 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $19.38, for a total transaction of $16,544,706.00. Following the completion of the transaction, the director now owns 2,735,038 shares of the company’s stock, valued at $53,005,036.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Kaiden sold 2,815 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $18.37, for a total transaction of $51,711.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,352,873 shares of company stock valued at $42,761,829. 10.79% of the stock is currently owned by corporate insiders.

Twitter Company Profile

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

What are top analysts saying about Twitter Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Twitter Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit