Twitter, Inc. (TWTR) Shares Bought by Comerica Bank
Comerica Bank raised its holdings in shares of Twitter, Inc. (NYSE:TWTR) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,861 shares of the social networking company’s stock after buying an additional 489 shares during the quarter. Comerica Bank’s holdings in Twitter were worth $557,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Independence Advisors LLC acquired a new position in shares of Twitter during the second quarter worth approximately $231,000. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Twitter by 112.3% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock worth $157,000 after buying an additional 4,645 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Twitter by 46.0% during the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock worth $152,000 after buying an additional 3,295 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of Twitter during the first quarter worth approximately $159,000. Finally, NEXT Financial Group Inc lifted its holdings in shares of Twitter by 6.3% during the second quarter. NEXT Financial Group Inc now owns 11,030 shares of the social networking company’s stock worth $197,000 after buying an additional 650 shares during the last quarter. Institutional investors own 49.14% of the company’s stock.
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In other Twitter news, Director Evan Clark Williams sold 546,200 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $18.15, for a total value of $9,913,530.00. Following the sale, the director now owns 2,658,594 shares in the company, valued at approximately $48,253,481.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $18.28, for a total value of $274,200.00. The disclosure for this sale can be found here. Insiders sold a total of 2,376,870 shares of company stock worth $43,271,705 in the last quarter. Corporate insiders own 10.79% of the company’s stock.
Shares of Twitter, Inc. (TWTR) opened at 17.61 on Friday. The firm’s market cap is $12.91 billion. The stock’s 50 day moving average price is $16.76 and its 200-day moving average price is $16.94. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $25.25.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The firm had revenue of $574.00 million for the quarter, compared to analyst estimates of $536.63 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue was down 4.7% on a year-over-year basis. On average, analysts forecast that Twitter, Inc. will post $0.33 EPS for the current year.
A number of research analysts have recently commented on TWTR shares. BidaskClub upgraded Twitter from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. BMO Capital Markets reiterated a “hold” rating and set a $17.00 price target on shares of Twitter in a report on Sunday, July 16th. Cantor Fitzgerald reiterated a “neutral” rating and set a $16.00 price target on shares of Twitter in a report on Tuesday, July 25th. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $19.22 price target for the company. in a report on Wednesday, June 21st. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $15.00 price target on shares of Twitter in a report on Saturday, July 22nd. Sixteen research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $15.49.
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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