First Trust Advisors LP lifted its holdings in Twitter Inc (NYSE:TWTR) by 23.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 8,908,905 shares of the social networking company’s stock after buying an additional 1,673,894 shares during the period. Twitter makes up about 0.6% of First Trust Advisors LP’s investment portfolio, making the stock its 18th largest position. First Trust Advisors LP’s holdings in Twitter were worth $292,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Regal Investment Advisors LLC raised its stake in Twitter by 13.3% during the 1st quarter. Regal Investment Advisors LLC now owns 8,295 shares of the social networking company’s stock worth $273,000 after acquiring an additional 974 shares during the period. IFG Advisory LLC raised its stake in Twitter by 10.1% during the 1st quarter. IFG Advisory LLC now owns 21,253 shares of the social networking company’s stock worth $698,000 after acquiring an additional 1,944 shares during the period. Piedmont Investment Advisors Inc. raised its stake in Twitter by 1.8% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 63,625 shares of the social networking company’s stock worth $2,092,000 after acquiring an additional 1,126 shares during the period. Berman Capital Advisors LLC raised its stake in Twitter by 100.6% during the 1st quarter. Berman Capital Advisors LLC now owns 1,354 shares of the social networking company’s stock worth $44,000 after acquiring an additional 679 shares during the period. Finally, Manchester Capital Management LLC raised its stake in Twitter by 16.5% during the 1st quarter. Manchester Capital Management LLC now owns 2,329 shares of the social networking company’s stock worth $77,000 after acquiring an additional 329 shares during the period. Hedge funds and other institutional investors own 71.23% of the company’s stock.

TWTR stock opened at $37.57 on Friday. Twitter Inc has a fifty-two week low of $26.19 and a fifty-two week high of $47.79. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $28.59 billion, a P/E ratio of 68.31, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59.

Twitter (NYSE:TWTR) last posted its earnings results on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.31. Twitter had a net margin of 42.20% and a return on equity of 8.37%. The firm had revenue of $787.00 million during the quarter, compared to analyst estimates of $775.16 million. During the same period last year, the firm posted $0.16 earnings per share. Twitter’s revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts predict that Twitter Inc will post 0.64 earnings per share for the current year.

A number of research firms have commented on TWTR. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Friday, April 26th. Wedbush reiterated a “neutral” rating and set a $37.00 price objective on shares of Twitter in a research report on Thursday, April 18th. Guggenheim lifted their price objective on shares of Twitter from $33.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Cascend Securities reiterated a “buy” rating and set a $45.00 price objective on shares of Twitter in a research report on Wednesday, March 27th. Finally, BMO Capital Markets lifted their price objective on shares of Twitter from $40.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.72.

In other Twitter news, VP Matthew Derella sold 18,002 shares of Twitter stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $40.36, for a total transaction of $726,560.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $30.83, for a total transaction of $21,033,520.86. Following the transaction, the director now directly owns 1,043,286 shares of the company’s stock, valued at $32,164,507.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 768,168 shares of company stock valued at $24,241,404. 2.65% of the stock is currently owned by insiders.

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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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