Bell & Brown Wealth Advisors LLC purchased a new stake in Twitter Inc (NYSE:TWTR) in the fourth quarter, HoldingsChannel reports. The fund purchased 73,220 shares of the social networking company’s stock, valued at approximately $1,758,000. Twitter makes up about 1.8% of Bell & Brown Wealth Advisors LLC’s holdings, making the stock its 14th biggest holding.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Balentine LLC increased its position in shares of Twitter by 86.6% during the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after purchasing an additional 3,167 shares during the last quarter. Malaga Cove Capital LLC purchased a new stake in shares of Twitter during the 3rd quarter valued at $154,000. Staley Capital Advisers Inc. purchased a new stake in shares of Twitter during the 3rd quarter valued at $173,000. Berkshire Asset Management LLC PA purchased a new stake in shares of Twitter during the 3rd quarter valued at $184,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Twitter during the 3rd quarter valued at $200,000. 52.08% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the company. Argus raised Twitter from a “hold” rating to a “buy” rating and raised their target price for the company from $19.71 to $25.00 in a research report on Friday, November 3rd. Aegis raised Twitter from a “sell” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, January 16th. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $26.90 target price for the company. in a research report on Wednesday, January 3rd. Robert W. Baird raised their target price on Twitter from $20.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, Canaccord Genuity lifted their price objective on Twitter from $21.00 to $25.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Eight analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.46.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.05. The firm had revenue of $731.60 million during the quarter, compared to the consensus estimate of $686.12 million. Twitter had a positive return on equity of 0.79% and a negative net margin of 4.42%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. sell-side analysts forecast that Twitter Inc will post 0.17 earnings per share for the current year.
In other news, Director Evan Clark Williams sold 18,347 shares of Twitter stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $21.66, for a total transaction of $397,396.02. Following the completion of the sale, the director now owns 2,365,053 shares in the company, valued at approximately $51,227,047.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $20.71, for a total value of $310,650.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,223,226 shares of company stock valued at $34,504,799. Corporate insiders own 9.18% of the company’s stock.
Twitter Company Profile
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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