Twitter Inc (NYSE:TWTR)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $36.25 and last traded at $36.25, with a volume of 23528345 shares trading hands. The stock had previously closed at $34.11.
Several research firms have recently weighed in on TWTR. Vetr upgraded Twitter from a “sell” rating to a “hold” rating and set a $32.58 price objective on the stock in a report on Monday, February 19th. Morgan Stanley lifted their price objective on Twitter from $15.00 to $28.00 and gave the company an “underweight” rating in a report on Thursday, February 15th. Zacks Investment Research lowered Twitter from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. BMO Capital Markets lifted their target price on Twitter from $22.00 to $28.00 and gave the company a “market perform” rating in a research report on Monday, February 12th. Finally, JPMorgan Chase & Co. lifted their target price on Twitter to $36.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Eight investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.46.
The company has a debt-to-equity ratio of 0.34, a current ratio of 9.12 and a quick ratio of 9.12. The company has a market capitalization of $25,610.00, a price-to-earnings ratio of 113.27, a price-to-earnings-growth ratio of 9.50 and a beta of 0.80.
In related news, insider Robert Kaiden sold 4,158 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $34.36, for a total transaction of $142,868.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Evan Clark Williams sold 546,300 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $31.91, for a total value of $17,432,433.00. Following the transaction, the director now directly owns 2,181,588 shares in the company, valued at $69,614,473.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,736,179 shares of company stock worth $51,322,224 over the last three months. 9.18% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Coatue Management LLC boosted its stake in Twitter by 209.9% in the 4th quarter. Coatue Management LLC now owns 24,354,222 shares of the social networking company’s stock valued at $584,745,000 after purchasing an additional 16,496,725 shares during the period. Contrarius Investment Management Ltd boosted its stake in Twitter by 1.3% in the 3rd quarter. Contrarius Investment Management Ltd now owns 5,624,420 shares of the social networking company’s stock valued at $94,884,000 after purchasing an additional 71,372 shares during the period. Geode Capital Management LLC boosted its stake in Twitter by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 4,984,462 shares of the social networking company’s stock valued at $119,602,000 after purchasing an additional 121,702 shares during the period. Key Square Capital Management LLC boosted its stake in Twitter by 178.3% in the 4th quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock valued at $80,863,000 after purchasing an additional 2,157,882 shares during the period. Finally, Element Capital Management LLC bought a new stake in Twitter in the 4th quarter valued at $71,888,000. Institutional investors and hedge funds own 54.89% 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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