Eagle Asset Management Inc. lifted its position in shares of Twitter Inc (NYSE:TWTR) by 0.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,349,646 shares of the social networking company’s stock after acquiring an additional 31,404 shares during the period. Twitter accounts for 0.7% of Eagle Asset Management Inc.’s portfolio, making the stock its 23rd biggest holding. Eagle Asset Management Inc. owned about 0.43% of Twitter worth $138,005,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Advisors LLC bought a new position in shares of Twitter during the second quarter worth about $2,839,000. MML Investors Services LLC lifted its holdings in Twitter by 5.0% in the second quarter. MML Investors Services LLC now owns 29,443 shares of the social networking company’s stock worth $1,028,000 after purchasing an additional 1,393 shares during the period. Pacer Advisors Inc. lifted its holdings in Twitter by 16.3% in the third quarter. Pacer Advisors Inc. now owns 82,979 shares of the social networking company’s stock worth $3,419,000 after purchasing an additional 11,655 shares during the period. Cerity Partners LLC lifted its holdings in Twitter by 13.2% in the third quarter. Cerity Partners LLC now owns 8,918 shares of the social networking company’s stock worth $367,000 after purchasing an additional 1,041 shares during the period. Finally, Sawtooth Solutions LLC lifted its holdings in Twitter by 7.7% in the second quarter. Sawtooth Solutions LLC now owns 11,056 shares of the social networking company’s stock worth $386,000 after purchasing an additional 786 shares during the period. Institutional investors and hedge funds own 69.23% of the company’s stock.

NYSE TWTR traded up $0.16 on Friday, reaching $29.21. The company’s stock had a trading volume of 10,617,512 shares, compared to its average volume of 15,762,041. Twitter Inc has a twelve month low of $26.26 and a twelve month high of $45.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 8.69 and a current ratio of 8.69. The stock has a market cap of $23.14 billion, a PE ratio of 53.11, a PEG ratio of 0.52 and a beta of 0.58. The firm’s 50 day moving average is $37.15 and its two-hundred day moving average is $38.58.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, October 24th. The social networking company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. Twitter had a net margin of 47.67% and a return on equity of 6.07%. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $875.21 million. During the same period in the prior year, the company earned $0.21 EPS. Twitter’s revenue was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Twitter Inc will post 2 EPS for the current fiscal year.

Several equities research analysts recently weighed in on TWTR shares. Evercore ISI downgraded shares of Twitter from an “in-line” rating to an “underperform” rating in a report on Thursday. Wells Fargo & Co reduced their price objective on shares of Twitter from $45.00 to $35.00 and set a “market perform” rating for the company in a report on Friday, October 25th. SunTrust Banks reduced their price objective on shares of Twitter from $41.00 to $36.00 and set a “hold” rating for the company in a report on Thursday, October 24th. ValuEngine downgraded shares of Twitter from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of Twitter from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a report on Monday, September 30th. Five equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $36.61.

In other Twitter news, Director Fox Martha Lane sold 8,459 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $41.42, for a total transaction of $350,371.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Matthew Derella sold 4,668 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $39.68, for a total value of $185,226.24. The disclosure for this sale can be found here. Insiders sold a total of 97,450 shares of company stock valued at $3,584,723 over the last three months. 2.65% of the stock is owned by corporate insiders.

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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