19 Nov CEO Jon Cartu Announced – Vestmark Advisory Solutions Inc. Has $2.87 Million Holdings…
Vestmark Advisory Solutions Inc. trimmed its position in shares of Twitter Inc (NYSE:TWTR) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,558 shares of the social networking company’s stock after selling 3,991 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Twitter were worth $2,866,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of TWTR. Lenox Wealth Management Inc. grew its holdings in Twitter by 447.2% during the 3rd quarter. Lenox Wealth Management Inc. now owns 695 shares of the social networking company’s stock worth $28,000 after acquiring an additional 568 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in Twitter by 74,500.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 746 shares of the social networking company’s stock valued at $31,000 after buying an additional 745 shares during the last quarter. Whittier Trust Co. raised its stake in Twitter by 77.9% during the third quarter. Whittier Trust Co. now owns 747 shares of the social networking company’s stock valued at $31,000 after buying an additional 327 shares during the last quarter. Truvestments Capital LLC raised its stake in Twitter by 55.7% during the third 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 during the last quarter. Finally, Resources Investment Advisors LLC. purchased a new position in Twitter during the second quarter valued at $30,000. 68.57% of the stock is owned by hedge funds and other institutional investors.
TWTR stock traded up $0.24 during midday trading on Monday, reaching $29.49. The stock had a trading volume of 14,132,488 shares, compared to its average volume of 15,672,161. The firm has a fifty day simple moving average of $34.76 and a two-hundred day simple moving average of $38.18. The stock has a market cap of $22.43 billion, a PE ratio of 53.62, a P/E/G ratio of 0.51 and a beta of 0.58. Twitter Inc has a 52-week low of $26.26 and a 52-week high of $45.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 8.69 and a current ratio of 8.69.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 24th. The social networking company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. Twitter had a return on equity of 6.07% and a net margin of 47.67%. The business had revenue of $824.00 million during the quarter, compared to analyst estimates of $875.21 million. During the same quarter last year, the business posted $0.21 EPS. The company’s revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts predict that Twitter Inc will post 2 EPS for the current fiscal year.
Several research analysts have recently weighed in on TWTR shares. Nomura decreased their price target on Twitter from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada upped their price objective on Twitter to $42.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Wedbush reissued a “hold” rating and set a $34.50 price target (down from $42.00) on shares of Twitter in a research note on Friday, October 25th. BMO Capital Markets restated a “market perform” rating and set a $33.00 price objective on shares of Twitter in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on Twitter from $52.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Five research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Twitter presently has a consensus rating of “Hold” and a consensus target price of $36.27.
In related news, VP Matthew Derella sold 18,043 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $29.94, for a total transaction of $540,207.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert Kaiden sold 10,183 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $30.19, for a total transaction of $307,424.77. The disclosure for this sale can be found here. Insiders have sold 99,450 shares of company stock worth $3,575,703 in the last ninety days. Corporate insiders own 2.65% of the company’s stock.
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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