Varma Mutual Pension Insurance Co Makes New Investment in Twitter Inc (NYSE:TWTR)

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Varma Mutual Pension Insurance Co purchased a new position in shares of Twitter Inc (NYSE:TWTR) in the 3rd quarter, Holdings Channel reports. The firm purchased 500,000 shares of the social networking company’s stock, valued at approximately $20,600,000. Twitter comprises approximately 0.3% of Varma Mutual Pension Insurance Co’s portfolio, making the stock its 21st largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keystone Financial Group boosted its holdings in shares of Twitter by 3.5% in the 2nd quarter. Keystone Financial Group now owns 8,093 shares of the social networking company’s stock valued at $282,000 after buying an additional 270 shares in the last quarter. Truvestments Capital LLC boosted its holdings in shares of Twitter by 55.7% in the 3rd quarter. Truvestments Capital LLC now owns 836 shares of the social networking company’s stock valued at $34,000 after buying an additional 299 shares in the last quarter. Impax Asset Management Group plc raised its position in Twitter by 1.1% in the 2nd quarter. Impax Asset Management Group plc now owns 28,874 shares of the social networking company’s stock valued at $1,008,000 after purchasing an additional 309 shares during the last quarter. Signaturefd LLC raised its position in Twitter by 8.0% in the 2nd quarter. Signaturefd LLC now owns 4,193 shares of the social networking company’s stock valued at $146,000 after purchasing an additional 310 shares during the last quarter. Finally, Executive Wealth Management LLC raised its position in Twitter by 7.1% in the 2nd quarter. Executive Wealth Management LLC now owns 5,223 shares of the social networking company’s stock valued at $182,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 69.22% of the company’s stock.

Shares of Twitter stock opened at $39.57 on Tuesday. The company has a market cap of $31.20 billion, a P/E ratio of 71.85, a PEG ratio of 0.83 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.33 and a current ratio of 4.33. Twitter Inc has a one year low of $26.26 and a one year high of $45.85. The firm has a fifty day moving average of $42.01 and a two-hundred day moving average of $38.69.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Friday, July 26th. The social networking company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The company had revenue of $841.40 million during the quarter, compared to the consensus estimate of $828.07 million. Twitter had a net margin of 71.46% and a return on equity of 7.93%. Twitter’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, equities analysts predict that Twitter Inc will post 2.06 earnings per share for the current year.

Several analysts recently commented on TWTR shares. Barclays set a $34.00 price target on shares of Twitter and gave the company a “sell” rating in a research report on Friday, July 26th. Wedbush reiterated a “neutral” rating and issued a $42.00 price target on shares of Twitter in a research report on Monday, July 29th. Rosenblatt Securities started coverage on shares of Twitter in a research report on Tuesday, July 23rd. They issued a “neutral” rating and a $38.00 price target for the company. Zacks Investment Research downgraded shares of Twitter from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a research report on Monday, September 30th. Finally, Mizuho set a $35.00 price target on shares of Twitter and gave the company a “sell” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have issued a buy rating to the company. Twitter currently has an average rating of “Hold” and a consensus target price of $41.10.

In other news, CAO Robert Kaiden sold 10,437 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $40.47, for a total value of $422,385.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ned D. Segal sold 8,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $43.88, for a total transaction of $351,040.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,337 shares of company stock valued at $5,819,800. 2.65% of the stock is owned by insiders.

Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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