FDx Advisors Inc. reduced its stake in shares of Twitter Inc (NYSE: TWTR) to 11.7% during the second quarter, according to the company in its last deposit with the Securities and Exchange Commission. The fund owned 33,053 shares of the social network after selling 4,392 shares during the period. The holdings of FDx Advisors Inc. on Twitter reached a value of $ 1,154,000 at the end of the last reference period.
Other large investors have recently increased or reduced their stake in the company. Horizon Investments LLC acquired a new stake in Twitter in the 1st quarter for a value of approximately $ 346,000. RFG Advisory LLC acquired a new position in Twitter in the 1st quarter worth $ 229,000. Sigma Investment Counselors Inc. acquired a new position on Twitter in the 1st quarter worth $ 222,000. Aries Wealth Management purchased a new stake in Twitter shares in the first quarter worth $ 227,000. Finally, BB&T Corp increased its position in Twitter shares by 25.4% during the first quarter. BB&T Corp now owns 71,542 shares of the social network for a value of $ 2,352,000 after acquiring an additional 14,471 shares in the last quarter. 68.77% of the capital is currently owned by institutional investors.
In other news, Vice President Matthew Derella sold 10,793 shares of the stock in a transaction that took place on Monday 3 June. The shares were sold at an average price of $ 35.31, for a total transaction of $ 381,100.83. The transaction was disclosed in a legal deposit with the SEC, accessible through this hyperlink. In addition, insider Michael Montano sold 1,250 shares of the stock in a transaction that took place on Wednesday 5 June. The shares were sold at an average price of $ 36.50, for a total transaction of $ 45,625.00. Information for this sale is available here. In the last 90 days, insiders sold 147,282 shares of the company for a value of $ 5,750,029. Company employees have 2.65% of the shares of the company.
TWTR shares fell by $ 1.18 during Friday's trading, reaching $ 41.00. The company had a trading volume of 11,880,699 shares, compared to its average volume of 17,697,068. Twitter Inc has a minimum of 52 weeks of $ 26.19 and a maximum of 52 weeks of $ 43.48. The company has a market capitalization of $ 33.09 billion, a P / E ratio of 74.55, a PEG ratio of 0.88 and a beta of 0.62. The company has a 50-day moving average of $ 39.81 and a 200-day moving average of $ 35.98. The company has a debt / equity ratio of 0.29, a current ratio of 4.33 and a rapid ratio of 4.33.
Twitter (NYSE: TWTR) announced its quarterly earnings figures on Friday 26 July. The social network company reported earnings of $ 0.12 per share over the quarter, exceeding Zacks' consensus estimate of $ 0.09 for $ 0.03. The business reported revenues of $ 841.40 million in the quarter, compared to analysts' expectations of $ 828.07 million. Twitter recorded a net margin of 71.46% and a return on equity of 7.93%. Company revenue increased 18.4% compared to the same quarter last year. In the same quarter of the previous year, the company earned $ 0.17 earnings per share. Research analysts predict that Twitter Inc will publish 2.06 earnings per share for the current year.
Numerous equity research analysts have recently commented on the company. Mizuho set a price target of $ 35.00 on Twitter and gave the stock a "sale" rating in a research note on Friday 26 July. Wedbush reiterated a "neutral" rating and issued a price target of $ 42.00 on Twitter shares in a report on Monday, July 29th. Rosenblatt Securities took over Twitter coverage in a report on Tuesday, July 23rd. They set a "neutral" rating and a target price of $ 38.00 on the stock. The Royal Bank of Canada increased its price target on Twitter to $ 42.00 and gave the company a "performing industry" rating in a research note on Monday, July 29th. Finally, Zacks Investment Research has downgraded Twitter from a "strong buy" rating to a "hold" rating and set a target price of $ 49.00 on the stock. in a research report on Thursday 1 August. Four equity research analysts rated the stock with a sales rating, seventeen gave a suspension rating and fifteen issued a purchase rating to the company. The stock has an average "Hold" rating and a consensus price target of $ 40.91.
Twitter, Inc works as a platform for public self-expression and real-time conversation. 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 allows the user to broadcast and watch live video with others.
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. (tagsToTranslate) Twitter (t) NYSE: TWTR (t) TWTR (t) Computers and technology (t) Archiving SEC (t) 13F (t) Hedge Fund Holdings (t) Institutional Investments