FTB Advisors Inc. boosted its holdings in Twitter Inc (NYSE:TWTR) by 658.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,739 shares of the social networking company’s stock after acquiring an additional 5,850 shares during the quarter. FTB Advisors Inc.’s holdings in Twitter were worth $293,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Summit Trail Advisors LLC increased its stake in Twitter by 2,102.8% in the 1st quarter. Summit Trail Advisors LLC now owns 2,146,516 shares of the social networking company’s stock worth $2,147,000 after purchasing an additional 2,049,071 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in Twitter in the 1st quarter worth about $54,168,000. Columbus Circle Investors purchased a new position in Twitter in the 2nd quarter worth about $45,083,000. PARUS FINANCE UK Ltd increased its stake in Twitter by 518.4% in the 1st quarter. PARUS FINANCE UK Ltd now owns 1,056,250 shares of the social networking company’s stock worth $30,642,000 after purchasing an additional 885,450 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in Twitter in the 2nd quarter worth about $38,635,000. Hedge funds and other institutional investors own 59.96% of the company’s stock.

A number of equities analysts recently weighed in on TWTR shares. ValuEngine raised Twitter from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research cut Twitter from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Goldman Sachs Group reissued a “buy” rating and issued a $55.00 price target on shares of Twitter in a research note on Friday, July 27th. Macquarie raised Twitter from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 26th. Finally, Deutsche Bank lifted their price target on Twitter from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Twitter has an average rating of “Hold” and a consensus price target of $33.13.

In related news, Director Evan Clark Williams sold 24,643 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $33.47, for a total value of $824,801.21. Following the completion of the sale, the director now owns 1,930,434 shares of the company’s stock, valued at approximately $64,611,625.98. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Robert Kaiden sold 3,641 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $35.52, for a total value of $129,328.32. The disclosure for this sale can be found here. In the last three months, insiders sold 3,474,196 shares of company stock valued at $144,167,050. 6.62% of the stock is currently owned by company insiders.

Shares of NYSE TWTR opened at $32.73 on Friday. The company has a market capitalization of $24.26 billion, a P/E ratio of 545.50, a PEG ratio of 4.08 and a beta of 0.68. Twitter Inc has a 52 week low of $15.77 and a 52 week high of $47.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.00 and a quick ratio of 11.00.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Friday, July 27th. The social networking company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The business had revenue of $710.54 million during the quarter, compared to analysts’ expectations of $697.35 million. Twitter had a return on equity of 4.37% and a net margin of 8.57%. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. equities analysts forecast that Twitter Inc will post 0.36 earnings per share for the current year.

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 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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