Raymond James & Associates grew its holdings in Twitter Inc (NYSE:TWTR) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,725,872 shares of the social networking company’s stock after purchasing an additional 23,908 shares during the period. Raymond James & Associates’ holdings in Twitter were worth $65,448,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in Twitter by 245.6% in the third quarter. Toronto Dominion Bank now owns 26,237 shares of the social networking company’s stock worth $443,000 after purchasing an additional 18,645 shares during the period. Granite Point Capital Management L.P. purchased a new stake in Twitter in the fourth quarter worth $960,000. California Public Employees Retirement System increased its stake in Twitter by 26.3% in the fourth quarter. California Public Employees Retirement System now owns 2,041,480 shares of the social networking company’s stock worth $49,016,000 after purchasing an additional 424,814 shares during the period. Rhumbline Advisers increased its stake in Twitter by 4.0% in the third quarter. Rhumbline Advisers now owns 739,306 shares of the social networking company’s stock worth $12,472,000 after purchasing an additional 28,504 shares during the period. Finally, Peregrine Asset Advisers Inc. purchased a new stake in Twitter in the fourth quarter worth $2,723,000. Institutional investors and hedge funds own 54.89% of the company’s stock.
Shares of Twitter Inc (NYSE TWTR) opened at $35.50 on Tuesday. The company has a quick ratio of 9.12, a current ratio of 9.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $26,544.48, a PE ratio of -221.88, a price-to-earnings-growth ratio of 9.46 and a beta of 0.81. Twitter Inc has a twelve month low of $14.12 and a twelve month high of $35.84.
TWTR has been the topic of a number of recent analyst reports. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $24.17 target price on the stock. in a research note on Tuesday, November 21st. MKM Partners increased their target price on Twitter from $18.00 to $21.50 and gave the stock a “neutral” rating in a research note on Thursday, November 30th. Evercore ISI initiated coverage on Twitter in a research note on Tuesday, December 5th. They set an “in-line” rating and a $21.00 price target on the stock. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded Twitter from a “neutral” rating to an “overweight” rating and raised their price target for the company from $20.00 to $27.00 in a research note on Monday, December 18th. Finally, Summit Redstone initiated coverage on Twitter in a research note on Monday, December 18th. They set a “buy” rating and a $26.00 price target on the stock. Eight equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $23.46.
In other Twitter news, Director Evan Clark Williams sold 546,200 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $24.29, for a total value of $13,267,198.00. Following the completion of the sale, the director now owns 2,328,359 shares of the company’s stock, valued at $56,555,840.11. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $23.28, for a total value of $349,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,754,526 shares of company stock valued at $51,719,620. Corporate insiders own 9.18% of the company’s stock.
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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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