Twitter Inc (NYSE:TWTR) Shares Purchased by Independent Advisor Alliance

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.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, February 6th. The social networking company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $994.89 million. Twitter had a net margin of 42.37% and a return on equity of 4.87%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. As a group, sell-side analysts expect that Twitter Inc will post 0.47 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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