Shell Asset Management Co. boosted its position in Twitter Inc. (NYSE:TWTR) by 29.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,030 shares of the social networking company’s stock after buying an additional 8,765 shares during the period. Shell Asset Management Co.’s holdings in Twitter were worth $660,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Legal & General Group Plc boosted its position in shares of Twitter by 4.1% in the first quarter. Legal & General Group Plc now owns 1,756,013 shares of the social networking company’s stock worth $29,062,000 after buying an additional 69,951 shares during the last quarter. State Street Corp boosted its position in shares of Twitter by 3.5% in the first quarter. State Street Corp now owns 9,367,582 shares of the social networking company’s stock worth $155,031,000 after buying an additional 317,209 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Twitter by 47.0% in the second quarter. Raymond James Trust N.A. now owns 16,500 shares of the social networking company’s stock worth $279,000 after buying an additional 5,279 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Twitter during the first quarter worth approximately $13,056,000. Finally, Pictet Asset Management Ltd. boosted its position in shares of Twitter by 2.2% in the first quarter. Pictet Asset Management Ltd. now owns 551,774 shares of the social networking company’s stock worth $9,998,000 after buying an additional 12,074 shares during the last quarter. 41.87% of the stock is owned by institutional investors.
Shares of Twitter Inc. (NYSE:TWTR) traded down 0.10% on Friday, hitting $19.85. The stock had a trading volume of 38,675,653 shares. The stock’s market cap is $13.90 billion. The stock has a 50 day moving average of $19.97 and a 200-day moving average of $17.35. Twitter Inc. has a 12 month low of $13.73 and a 12 month high of $31.87.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. The business earned $602 million during the quarter, compared to analysts’ expectations of $606.37 million. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. Equities research analysts anticipate that Twitter Inc. will post $0.51 EPS for the current year.
TWTR has been the topic of a number of recent analyst reports. Tigress Financial restated a “neutral” rating on shares of Twitter in a research report on Tuesday, June 14th. SunTrust Banks Inc. restated a “buy” rating and issued a $18.00 price target on shares of Twitter in a research report on Tuesday, June 21st. MKM Partners restated a “buy” rating on shares of Twitter in a research report on Wednesday, June 22nd. Cantor Fitzgerald restated a “buy” rating on shares of Twitter in a research report on Sunday, July 10th. Finally, Monness Crespi & Hardt cut Twitter from a “buy” rating to a “neutral” rating in a research report on Monday, July 11th. Thirteen research analysts have rated the stock with a sell rating, twenty-six have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.66.
In other Twitter news, CAO Robert Kaiden sold 12,990 shares of Twitter stock in a transaction on Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $217,712.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Messinger sold 4,901 shares of Twitter stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $23.64, for a total value of $115,859.64. The disclosure for this sale can be found here. Company insiders own 10.79% of the company’s stock.
Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.
Want to see what other hedge funds are holding TWTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twitter Inc. (NYSE:TWTR).
Receive News & Ratings for Twitter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc. and related companies with MarketBeat.com's FREE daily email newsletter.