Traders Sell Twitter (TWTR) on Strength (TWTR)

Traders sold shares of Twitter Inc (NYSE:TWTR) on strength during trading hours on Friday. $194.66 million flowed into the stock on the tick-up and $234.94 million flowed out of the stock on the tick-down, for a money net flow of $40.28 million out of the stock. Of all stocks tracked, Twitter had the 31st highest net out-flow for the day. Twitter traded up $1.06 for the day and closed at $25.41

Several equities research analysts recently commented on the company. Zacks Investment Research raised Twitter from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Friday. Pivotal Research reissued a “hold” rating and set a $21.00 target price on shares of Twitter in a report on Wednesday. BidaskClub cut Twitter from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Jefferies Group reaffirmed a “hold” rating and issued a $16.00 price target on shares of Twitter in a report on Thursday, September 28th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $18.00 price target (up previously from $16.00) on shares of Twitter in a report on Friday, October 27th. They noted that the move was a valuation call. Twelve analysts have rated the stock with a sell rating, twenty have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.90.

The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. The firm has a market cap of $18,870.00, a PE ratio of -49.82, a price-to-earnings-growth ratio of 11.70 and a beta of 1.11.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The firm had revenue of $590.00 million for the quarter, compared to analysts’ expectations of $586.22 million. During the same period in the previous year, the company posted $0.09 EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. research analysts forecast that Twitter Inc will post 0.02 earnings per share for the current fiscal year.

In other news, insider Robert Kaiden sold 5,926 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $19.51, for a total transaction of $115,616.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Evan Clark Williams sold 2,000,300 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $21.06, for a total transaction of $42,126,318.00. Following the transaction, the director now owns 2,530,241 shares in the company, valued at $53,286,875.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,317,365 shares of company stock worth $113,170,704. Corporate insiders own 9.18% of the company’s stock.

Several institutional investors have recently bought and sold shares of TWTR. Schwab Charles Investment Management Inc. grew its holdings in shares of Twitter by 12.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 999,683 shares of the social networking company’s stock valued at $17,865,000 after acquiring an additional 114,156 shares in the last quarter. Comerica Bank grew its holdings in shares of Twitter by 1.8% during the 2nd quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock valued at $557,000 after acquiring an additional 489 shares in the last quarter. Federated Investors Inc. PA purchased a new position in shares of Twitter during the 2nd quarter valued at $174,000. Prudential Financial Inc. grew its holdings in shares of Twitter by 6.9% during the 2nd quarter. Prudential Financial Inc. now owns 43,650 shares of the social networking company’s stock valued at $780,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Twitter by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 15,468 shares of the social networking company’s stock valued at $276,000 after acquiring an additional 1,196 shares in the last quarter. Institutional investors and hedge funds own 50.69% of the company’s stock.

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About Twitter

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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