Stoneridge Investment Partners LLC reduced its stake in shares of Twitter Inc. (NYSE:TWTR) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,984 shares of the social networking company’s stock after selling 769 shares during the period. Stoneridge Investment Partners LLC’s holdings in Twitter were worth $1,014,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Integrated Investment Consultants LLC increased its position in Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock valued at $113,000 after buying an additional 3,099 shares in the last quarter. Peapack Gladstone Financial Corp acquired a new position in Twitter during the first quarter valued at $169,000. Hartford Investment Management Co. increased its position in Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock valued at $174,000 after buying an additional 192 shares in the last quarter. Financial Architects Inc increased its position in Twitter by 80.4% in the second quarter. Financial Architects Inc now owns 10,600 shares of the social networking company’s stock valued at $179,000 after buying an additional 4,724 shares in the last quarter. Finally, Algebris Investments UK LLP acquired a new position in Twitter during the first quarter valued at $190,000. Institutional investors and hedge funds own 41.87% of the company’s stock.
Twitter Inc. (NYSE:TWTR) traded up 21.42% on Friday, reaching $22.62. 192,415,337 shares of the company traded hands. Twitter Inc. has a 52-week low of $13.73 and a 52-week high of $31.87. The firm has a 50 day moving average price of $18.99 and a 200 day moving average price of $16.94. The stock’s market capitalization is $15.84 billion.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. The firm had revenue of $602 million for the quarter, compared to analysts’ expectations of $606.37 million. During the same period in the previous year, the business earned $0.07 earnings per share. Twitter’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities research analysts predict that Twitter Inc. will post $0.51 EPS for the current year.
Several research firms have recently weighed in on TWTR. Canaccord Genuity reissued a “buy” rating and issued a $20.00 price target on shares of Twitter in a research note on Monday, July 11th. Deutsche Bank AG reissued a “buy” rating and issued a $23.00 price target on shares of Twitter in a research note on Tuesday, July 19th. SunTrust Banks Inc. reaffirmed a “buy” rating and set a $18.00 target price on shares of Twitter in a research note on Tuesday, May 31st. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $20.69 target price on the stock in a research note on Monday, August 29th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of Twitter in a research note on Sunday, July 10th. Nine research analysts have rated the stock with a sell rating, twenty-nine have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Twitter presently has an average rating of “Hold” and an average price target of $19.58.
In other Twitter news, insider Adam Messinger sold 52,914 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $16.76, for a total value of $886,838.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Robert Kaiden sold 12,990 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $217,712.40. The disclosure for this sale can be found here. 10.79% of the stock is currently owned by company insiders.
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.
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