Bristol Advisors LLC purchased a new position in Twitter Inc (NYSE:TWTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 75,000 shares of the social networking company’s stock, valued at approximately $1,801,000. Twitter accounts for about 1.1% of Bristol Advisors LLC’s holdings, making the stock its 21st largest holding.
A number of other hedge funds also recently bought and sold shares of TWTR. Balentine LLC increased its stake in Twitter by 86.6% in the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after buying an additional 3,167 shares during the period. Toronto Dominion Bank increased its stake in Twitter by 21.3% in the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after buying an additional 1,333 shares during the period. Malaga Cove Capital LLC bought a new position in Twitter during the 3rd quarter worth about $154,000. Staley Capital Advisers Inc. bought a new position in Twitter during the 3rd quarter worth about $173,000. Finally, Federated Investors Inc. PA bought a new position in Twitter during the 2nd quarter worth about $174,000. 50.69% of the stock is currently owned by institutional investors.
In other Twitter news, Director Evan Clark Williams sold 546,200 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $24.29, for a total transaction of $13,267,198.00. Following the completion of the transaction, the director now directly owns 2,328,359 shares of the company’s stock, valued at approximately $56,555,840.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Kaiden sold 1,186 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $24.44, for a total transaction of $28,985.84. The disclosure for this sale can be found here. Insiders sold a total of 5,317,365 shares of company stock valued at $113,170,704 over the last quarter. 9.18% of the stock is owned by company insiders.
Twitter (NYSE:TWTR) last released its earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. Twitter’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the business earned $0.09 EPS. sell-side analysts anticipate that Twitter Inc will post 0.02 earnings per share for the current year.
TWTR has been the topic of several recent research reports. Goldman Sachs Group set a $26.00 target price on shares of Twitter and gave the stock a “buy” rating in a report on Friday, October 27th. Vetr cut shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 target price on the stock. in a report on Wednesday, October 4th. Susquehanna Bancshares increased their target price on shares of Twitter from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Morgan Stanley reiterated an “underweight” rating and set a $10.00 target price on shares of Twitter in a report on Monday, October 2nd. Finally, Wells Fargo & Co increased their target price on shares of Twitter from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Twelve analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.90.
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.
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