Quadrant Capital Group LLC Buys 842 Shares of Twitter, Inc. (NYSE:TWTR)

Quadrant Capital Group LLC boosted its stake in shares of Twitter, Inc. (NYSE:TWTRGet Rating) by 24.5% in the first quarter, Holdings Channel reports. The institutional investor owned 4,284 shares of the social networking company’s stock after purchasing an additional 842 shares during the period. Quadrant Capital Group LLC’s holdings in Twitter were worth $166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TWTR. Glassman Wealth Services lifted its position in shares of Twitter by 47.1% in the first quarter. Glassman Wealth Services now owns 803 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 257 shares in the last quarter. Icon Wealth Partners LLC increased its holdings in shares of Twitter by 2.4% in the first quarter. Icon Wealth Partners LLC now owns 11,150 shares of the social networking company’s stock worth $431,000 after purchasing an additional 259 shares during the last quarter. Everence Capital Management Inc. increased its holdings in shares of Twitter by 1.6% in the first quarter. Everence Capital Management Inc. now owns 18,680 shares of the social networking company’s stock worth $723,000 after purchasing an additional 290 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Twitter by 37.8% in the first quarter. Whittier Trust Co. now owns 1,126 shares of the social networking company’s stock worth $44,000 after purchasing an additional 309 shares during the last quarter. Finally, Alpha Paradigm Partners LLC increased its holdings in shares of Twitter by 1.3% in the fourth quarter. Alpha Paradigm Partners LLC now owns 23,971 shares of the social networking company’s stock worth $1,036,000 after purchasing an additional 315 shares during the last quarter. Institutional investors own 91.72% of the company’s stock.

Twitter Trading Up 3.6 %

NYSE TWTR opened at $42.52 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 7.15 and a current ratio of 7.15. The firm has a market cap of $32.54 billion, a PE ratio of -212.60 and a beta of 0.62. Twitter, Inc. has a one year low of $31.30 and a one year high of $69.81. The firm’s fifty day moving average is $38.84 and its two-hundred day moving average is $39.54.

Twitter (NYSE:TWTRGet Rating) last posted its quarterly earnings data on Friday, July 22nd. The social networking company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.22). The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.34 billion. Twitter had a negative net margin of 2.14% and a negative return on equity of 0.82%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Analysts expect that Twitter, Inc. will post 0.29 earnings per share for the current year.

Insider Transactions at Twitter

In other news, CFO Ned D. Segal sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $47.85, for a total transaction of $239,250.00. Following the transaction, the chief financial officer now directly owns 720,858 shares in the company, valued at $34,493,055.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Twitter news, insider Nick V. Caldwell sold 15,467 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $38.02, for a total transaction of $588,055.34. Following the transaction, the insider now directly owns 396,130 shares in the company, valued at $15,060,862.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ned D. Segal sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $47.85, for a total transaction of $239,250.00. Following the transaction, the chief financial officer now owns 720,858 shares in the company, valued at $34,493,055.30. The disclosure for this sale can be found here. Insiders have sold a total of 546,266 shares of company stock worth $20,473,890 over the last ninety days. 2.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TWTR has been the topic of several analyst reports. Robert W. Baird reduced their price objective on Twitter from $45.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, July 11th. Stifel Nicolaus lowered their target price on Twitter from $54.20 to $30.00 and set a “hold” rating for the company in a report on Monday, July 11th. Wedbush lowered their target price on Twitter from $54.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, July 8th. Oppenheimer lowered Twitter from an “outperform” rating to a “market perform” rating in a report on Thursday, April 14th. Finally, Moffett Nathanson decreased their price objective on Twitter to $34.00 in a report on Monday, July 25th. Three analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $44.53.

Twitter Company Profile

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Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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