Independent Advisor Alliance increased its holdings in shares of Twitter Inc (NYSE:TWTR) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,495 shares of the social networking company’s stock after acquiring an additional 3,373 shares during the quarter. Independent Advisor Alliance’s holdings in Twitter were worth $945,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. First Trust Advisors LP grew its position in Twitter by 25.1% in the 4th quarter. First Trust Advisors LP now owns 8,617,035 shares of the social networking company’s stock worth $276,176,000 after purchasing an additional 1,727,024 shares during the last quarter. ARK Investment Management LLC grew its position in Twitter by 97.0% in the 4th quarter. ARK Investment Management LLC now owns 2,947,892 shares of the social networking company’s stock worth $94,480,000 after purchasing an additional 1,451,656 shares during the last quarter. Cambiar Investors LLC grew its position in Twitter by 90.8% in the 4th quarter. Cambiar Investors LLC now owns 1,527,220 shares of the social networking company’s stock worth $48,947,000 after purchasing an additional 726,908 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in Twitter in the 3rd quarter worth about $22,973,000. Finally, Voloridge Investment Management LLC bought a new position in Twitter in the 3rd quarter worth about $21,754,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.
TWTR stock opened at $39.05 on Friday. Twitter Inc has a 12 month low of $28.63 and a 12 month high of $45.85. The firm has a market cap of $29.55 billion, a PE ratio of 20.77, a P/E/G ratio of 3.26 and a beta of 0.61. The firm has a 50 day simple moving average of $34.19 and a 200 day simple moving average of $35.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 9.15 and a quick ratio of 8.69.
TWTR has been the subject of several recent analyst reports. ValuEngine cut shares of Twitter from a “buy” rating to a “hold” rating in a report on Saturday, December 21st. Royal Bank of Canada reiterated a “neutral” rating and issued a $40.00 price objective on shares of Twitter in a report on Monday, February 3rd. They noted that the move was a valuation call. Oppenheimer increased their price objective on shares of Twitter from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, February 7th. TheStreet upgraded shares of Twitter from a “c+” rating to a “b” rating in a report on Thursday, February 6th. Finally, Evercore ISI initiated coverage on shares of Twitter in a report on Friday, February 7th. They issued a “sell” rating and a $29.00 price objective for the company. Eight investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $37.64.
In related news, Director David S. Rosenblatt sold 81,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $36.12, for a total value of $2,925,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Montano sold 1,750 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $30.15, for a total transaction of $52,762.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 243,090 shares of company stock valued at $8,687,039. 2.65% of the stock is owned by insiders.
Twitter Company Profile
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.
Featured Article: FinTech
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.