Geneva Partners LLC Takes $289,000 Position in Twitter Inc (TWTR)
Geneva Partners LLC bought a new position in shares of Twitter Inc (NYSE:TWTR) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 6,625 shares of the social networking company’s stock, valued at approximately $289,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fortis Advisors LLC acquired a new stake in Twitter during the first quarter worth approximately $103,000. Centaurus Financial Inc. acquired a new stake in Twitter during the first quarter worth approximately $104,000. Harvest Fund Management Co. Ltd acquired a new stake in Twitter during the second quarter worth approximately $112,000. Kiley Juergens Wealth Management LLC acquired a new stake in Twitter during the second quarter worth approximately $113,000. Finally, Quad Cities Investment Group LLC acquired a new stake in Twitter during the second quarter worth approximately $132,000. Institutional investors own 59.96% of the company’s stock.
Shares of TWTR stock opened at $32.60 on Tuesday. The firm has a market capitalization of $24.26 billion, a price-to-earnings ratio of 543.33, a price-to-earnings-growth ratio of 4.08 and a beta of 0.68. Twitter Inc has a fifty-two week low of $15.93 and a fifty-two week high of $47.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.00 and a current ratio of 11.00.
In related news, Director Evan Clark Williams sold 24,643 shares of the firm’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $33.47, for a total transaction of $824,801.21. Following the sale, the director now owns 1,930,434 shares of the company’s stock, valued at approximately $64,611,625.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Matthew Derella sold 15,098 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $31.95, for a total value of $482,381.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,474,196 shares of company stock worth $144,167,050. Company insiders own 6.62% of the company’s stock.
A number of equities research analysts recently issued reports on TWTR shares. Wedbush reissued a “hold” rating and set a $26.00 price target on shares of Twitter in a research report on Monday, April 23rd. Raymond James raised Twitter from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 25th. UBS Group raised Twitter from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 25th. Macquarie raised Twitter from a “neutral” rating to an “outperform” rating in a research report on Thursday, April 26th. Finally, Atlantic Securities raised Twitter from an “underweight” rating to a “neutral” rating and set a $13.00 price target on the stock in a research report on Thursday, April 26th. Three investment 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 given a strong buy rating to the company’s stock. Twitter has a consensus rating of “Hold” and an average price target of $33.13.
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.
Featured Story: Book Value Per Share – BVPS
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.