Retirement Systems of Alabama maintained its stake in Twitter Inc. (NYSE:TWTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,100,000 shares of the social networking company’s stock at the end of the second quarter. Retirement Systems of Alabama’s holdings in Twitter were worth $18,601,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in TWTR. Integrated Investment Consultants LLC boosted its position in shares of Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock valued at $113,000 after buying an additional 3,099 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new position in shares of Twitter during the first quarter valued at about $169,000. Hartford Investment Management Co. boosted its position in shares of Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock valued at $174,000 after buying an additional 192 shares during the last quarter. Financial Architects Inc boosted its position in shares of Twitter by 80.4% in the second quarter. Financial Architects Inc now owns 10,600 shares of the social networking company’s stock valued at $179,000 after buying an additional 4,724 shares during the last quarter. Finally, Algebris Investments UK LLP purchased a new position in shares of Twitter during the first quarter valued at about $190,000. Institutional investors own 41.87% of the company’s stock.
Twitter Inc. (NYSE:TWTR) traded up 0.17% during midday trading on Friday, hitting $23.05. The company had a trading volume of 17,425,201 shares. The company’s 50 day moving average is $19.62 and its 200 day moving average is $17.15. The stock’s market cap is $16.14 billion. Twitter Inc. has a 12-month low of $13.73 and a 12-month high of $31.87.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The business earned $602 million during the quarter, compared to the consensus estimate of $606.37 million. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the firm earned $0.07 earnings per share. On average, equities analysts anticipate that Twitter Inc. will post $0.51 EPS for the current fiscal year.
Several brokerages have recently issued reports on TWTR. Morgan Stanley restated a “sell” rating on shares of Twitter in a research note on Thursday. Loop Capital cut Twitter from a “hold” rating to a “sell” rating and set a $18.00 price objective for the company. in a research note on Wednesday. Nomura restated a “neutral” rating and issued a $13.00 price objective on shares of Twitter in a research note on Wednesday. Mizuho cut Twitter from a “neutral” rating to an “underperform” rating and set a $15.00 price objective for the company. in a research note on Wednesday. Finally, Cowen and Company restated a “market perform” rating and issued a $13.00 price objective on shares of Twitter in a research note on Tuesday. Fourteen investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $19.61.
In related news, insider Adam Messinger sold 52,914 shares of Twitter stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $886,838.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Kaiden sold 3,604 shares of Twitter stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $20.06, for a total value of $72,296.24. The disclosure for this sale can be found here. 10.79% of the stock is owned by corporate insiders.
Twitter Company Profile
Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.
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