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.
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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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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