CIBC Asset Management Inc Has $478,000 Position in Twitter, Inc. (TWTR)
CIBC Asset Management Inc held its stake in Twitter, Inc. (NYSE:TWTR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,723 shares of the social networking company’s stock at the end of the second quarter. CIBC Asset Management Inc’s holdings in Twitter were worth $478,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of TWTR. Clearbridge Investments LLC raised its stake in Twitter by 17.8% in the first quarter. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company’s stock valued at $550,249,000 after buying an additional 5,561,940 shares during the period. OppenheimerFunds Inc. raised its stake in Twitter by 42.3% in the first quarter. OppenheimerFunds Inc. now owns 10,088,428 shares of the social networking company’s stock valued at $150,822,000 after buying an additional 2,999,690 shares during the period. Amerigo Asset Management raised its stake in Twitter by 64.3% in the first quarter. Amerigo Asset Management now owns 6,463,910 shares of the social networking company’s stock valued at $96,635,000 after buying an additional 2,528,910 shares during the period. ANTIPODES PARTNERS Ltd purchased a new stake in Twitter during the second quarter valued at $38,366,000. Finally, Vanguard Group Inc. raised its stake in Twitter by 4.1% in the first quarter. Vanguard Group Inc. now owns 45,997,766 shares of the social networking company’s stock valued at $687,667,000 after buying an additional 1,819,941 shares during the period. Institutional investors own 47.36% of the company’s stock.
Twitter, Inc. (NYSE TWTR) opened at 15.95 on Wednesday. The company’s 50-day moving average is $17.86 and its 200-day moving average is $16.87. The firm’s market capitalization is $11.69 billion. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $25.25.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The firm had revenue of $574 million for the quarter, compared to the consensus estimate of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. Analysts forecast that Twitter, Inc. will post $0.34 EPS for the current fiscal year.
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A number of brokerages recently commented on TWTR. Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.17 price objective on the stock in a report on Monday, June 12th. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a report on Friday, April 28th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $20.00 price objective on shares of Twitter in a report on Friday, April 28th. BidaskClub upgraded shares of Twitter from a “sell” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Royal Bank Of Canada restated an “underperform” rating and set a $12.00 price objective on shares of Twitter in a report on Monday, April 24th. Sixteen investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.59.
In other Twitter news, insider Robert Kaiden sold 2,815 shares of Twitter stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $18.37, for a total transaction of $51,711.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 273,300 shares of Twitter stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $16.16, for a total transaction of $4,416,528.00. Following the transaction, the director now directly owns 2,710,576 shares in the company, valued at $43,802,908.16. The disclosure for this sale can be found here. Insiders have sold 2,337,873 shares of company stock worth $42,520,779 over the last three months. Insiders own 9.18% of the company’s stock.
Twitter Company Profile
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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