Twitter, Inc. (NYSE:TWTR) Shares Bought by Aperio Group LLC
Aperio Group LLC raised its position in Twitter, Inc. (NYSE:TWTR) by 11.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,469 shares of the social networking company’s stock after buying an additional 9,305 shares during the period. Aperio Group LLC’s holdings in Twitter were worth $1,581,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Clinton Group Inc. raised its position in shares of Twitter by 28.8% in the first quarter. Clinton Group Inc. now owns 103,394 shares of the social networking company’s stock worth $1,546,000 after buying an additional 23,128 shares during the period. World Asset Management Inc raised its position in shares of Twitter by 26.1% in the first quarter. World Asset Management Inc now owns 27,077 shares of the social networking company’s stock worth $405,000 after buying an additional 5,597 shares during the period. State of Alaska Department of Revenue raised its position in shares of Twitter by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 29,068 shares of the social networking company’s stock worth $519,000 after buying an additional 12,690 shares during the period. Independent Advisor Alliance raised its position in shares of Twitter by 10.5% in the first quarter. Independent Advisor Alliance now owns 58,632 shares of the social networking company’s stock worth $860,000 after buying an additional 5,562 shares during the period. Finally, First Financial Equity Corporation acquired a new position in shares of Twitter during the first quarter worth approximately $253,000. Institutional investors own 47.02% of the company’s stock.
Shares of Twitter, Inc. (NYSE:TWTR) traded up 1.59% during midday trading on Friday, reaching $16.00. The company had a trading volume of 5,076,650 shares. The stock’s market capitalization is $11.73 billion. Twitter, Inc. has a 12-month low of $14.12 and a 12-month high of $25.25. The stock’s 50 day moving average is $18.06 and its 200-day moving average is $16.88.
Twitter (NYSE:TWTR) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 earnings per share. On average, equities research analysts predict that Twitter, Inc. will post $0.34 earnings per share for the current fiscal year.
A number of research analysts recently commented on the company. Aegis restated a “sell” rating and issued a $12.00 target price on shares of Twitter in a research note on Thursday, April 13th. Zacks Investment Research upgraded Twitter from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, June 27th. Wells Fargo & Company restated a “hold” rating and issued a $14.50 target price on shares of Twitter in a research note on Friday, May 12th. BidaskClub lowered Twitter from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $20.00 target price on shares of Twitter in a research note on Sunday, July 30th. Sixteen research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have assigned a buy rating to the stock. Twitter currently has an average rating of “Hold” and a consensus target price of $15.59.
In other news, insider Robert Kaiden sold 2,815 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $18.37, for a total value of $51,711.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 373,100 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $18.38, for a total value of $6,857,578.00. Following the completion of the sale, the director now directly owns 2,838,269 shares of the company’s stock, valued at $52,167,384.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,337,873 shares of company stock valued at $42,520,779. Company insiders own 10.79% of the company’s stock.
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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