Twitter Inc (TWTR) Stake Lifted by Strategic Wealth Advisors Group LLC

Strategic Wealth Advisors Group LLC raised its stake in Twitter Inc (NYSE:TWTR) by 498.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 239,747 shares of the social networking company’s stock after purchasing an additional 199,707 shares during the quarter. Twitter accounts for 0.7% of Strategic Wealth Advisors Group LLC’s portfolio, making the stock its 24th biggest position. Strategic Wealth Advisors Group LLC’s holdings in Twitter were worth $7,875,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Twitter by 2.7% in the third quarter. Vanguard Group Inc. now owns 70,255,589 shares of the social networking company’s stock worth $1,999,474,000 after acquiring an additional 1,830,649 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Twitter by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock worth $1,999,474,000 after purchasing an additional 1,830,649 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Twitter by 42.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,011,350 shares of the social networking company’s stock worth $171,083,000 after acquiring an additional 1,804,706 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Twitter by 2,245.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,309,218 shares of the social networking company’s stock worth $150,000 after acquiring an additional 4,125,455 shares during the last quarter. Finally, ARK Investment Management LLC raised its position in Twitter by 49.5% during the 3rd quarter. ARK Investment Management LLC now owns 4,123,045 shares of the social networking company’s stock valued at $117,342,000 after purchasing an additional 1,365,200 shares in the last quarter. Institutional investors own 63.99% of the company’s stock.

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Several analysts have weighed in on the company. Zacks Investment Research downgraded Twitter from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. BTIG Research restated a “buy” rating and issued a $42.00 price target (up from $30.00) on shares of Twitter in a research note on Tuesday, February 12th. Wedbush restated a “neutral” rating on shares of Twitter in a research report on Monday, February 11th. ValuEngine lowered shares of Twitter from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Robert W. Baird cut their price target on shares of Twitter to $33.00 and set a “neutral” rating on the stock in a report on Friday, February 8th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Twitter currently has an average rating of “Hold” and an average target price of $35.33.

In other Twitter news, Director Evan Clark Williams sold 682,242 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $30.83, for a total value of $21,033,520.86. Following the completion of the sale, the director now owns 1,043,286 shares of the company’s stock, valued at $32,164,507.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Montano sold 1,250 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $31.67, for a total value of $39,587.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,856,153 shares of company stock worth $91,216,834 over the last quarter. Company insiders own 6.62% of the company’s stock.

TWTR stock opened at $30.62 on Friday. The stock has a market capitalization of $24.14 billion, a PE ratio of 55.67, a P/E/G ratio of 2.84 and a beta of 0.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.69 and a quick ratio of 4.61. Twitter Inc has a 12 month low of $26.19 and a 12 month high of $47.79.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, February 7th. The social networking company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.16 by $0.15. Twitter had a net margin of 39.63% and a return on equity of 8.08%. The company had revenue of $908.84 million during the quarter, compared to the consensus estimate of $864.87 million. During the same quarter last year, the firm posted $0.19 EPS. The company’s quarterly revenue was up 24.2% on a year-over-year basis. As a group, analysts anticipate that Twitter Inc will post 0.46 EPS for the current year.

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About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter 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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