Twitter (TWTR) Trading Up 1.2% After Better-Than-Expected Earnings

Twitter Inc (NYSE:TWTR) was up 1.2% on Friday following a better than expected earnings announcement. The company traded as high as $35.00 and last traded at $30.54. Approximately 39,346,930 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 32,557,703 shares. The stock had previously closed at $30.18.

The social networking company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The firm had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. During the same quarter last year, the company posted $0.11 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year.

Several research analysts recently issued reports on TWTR shares. BidaskClub raised shares of Twitter from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Canaccord Genuity reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Twitter in a report on Friday, October 20th. Wedbush set a $16.00 price objective on shares of Twitter and gave the company a “hold” rating in a report on Monday, October 23rd. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Twitter in a report on Monday, October 23rd. Finally, Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 price objective for the company in a report on Monday, October 23rd. Nine research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eight have issued a buy rating to the company. Twitter has an average rating of “Hold” and a consensus price target of $22.56.

In other news, insider Robert Kaiden sold 12,734 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $24.99, for a total transaction of $318,222.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Clark Williams sold 18,347 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $22.33, for a total transaction of $409,688.51. Following the sale, the director now directly owns 2,254,971 shares of the company’s stock, valued at approximately $50,353,502.43. The disclosure for this sale can be found here. Insiders have sold 3,225,011 shares of company stock valued at $69,509,411 in the last three months. Corporate insiders own 10.79% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TWTR. SG Americas Securities LLC boosted its position in Twitter by 18,701.9% during the fourth quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock worth $58,081,000 after acquiring an additional 2,406,186 shares during the last quarter. Cambiar Investors LLC acquired a new position in Twitter during the fourth quarter worth about $53,753,000. Amerigo Asset Management boosted its position in Twitter by 46.2% during the third quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock worth $115,997,000 after acquiring an additional 2,172,000 shares during the last quarter. Key Square Capital Management LLC boosted its position in Twitter by 178.3% during the fourth quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock worth $80,863,000 after acquiring an additional 2,157,882 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in Twitter by 99.6% during the third quarter. Pictet Asset Management Ltd. now owns 3,551,209 shares of the social networking company’s stock worth $59,909,000 after acquiring an additional 1,771,623 shares during the last quarter. Hedge funds and other institutional investors own 50.12% of the company’s stock.

The stock has a market capitalization of $24,440.00, a PE ratio of -210.07, a price-to-earnings-growth ratio of 11.73 and a beta of 1.14. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35.

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About Twitter

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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