Rothschild Asset Management Inc. bought a new stake in shares of Twitter, Inc. (NYSE:TWTR) during the first quarter, according to its most recent filing with the SEC. The institutional investor bought 34,927 shares of the social networking company’s stock, valued at approximately $522,000.
A number of other large investors have also recently modified their holdings of the stock. Mosaic Family Wealth LLC increased its stake in shares of Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock valued at $105,000 after buying an additional 875 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Twitter during the first quarter valued at approximately $107,000. Nicolet Bankshares Inc. increased its stake in shares of Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock valued at $117,000 after buying an additional 5,434 shares during the last quarter. Israel Discount Bank of New York GFN purchased a new stake in shares of Twitter during the fourth quarter valued at approximately $163,000. Finally, Sciencast Management LP purchased a new stake in shares of Twitter during the fourth quarter valued at approximately $163,000. 51.67% of the stock is owned by hedge funds and other institutional investors.
Twitter, Inc. (NYSE:TWTR) traded down 0.95% during trading on Friday, reaching $16.67. 9,939,429 shares of the company’s stock traded hands. The stock’s market cap is $12.09 billion. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $25.25. The company’s 50 day moving average is $18.01 and its 200-day moving average is $16.78.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Wednesday, April 26th. The social networking company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.27. Twitter had a negative return on equity of 4.23% and a negative net margin of 17.67%. The firm had revenue of $548 million for the quarter, compared to analysts’ expectations of $513.04 million. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s revenue was down 7.8% on a year-over-year basis. On average, analysts anticipate that Twitter, Inc. will post $0.33 earnings per share for the current fiscal year.
Several brokerages have commented on TWTR. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Twitter in a research note on Saturday, June 3rd. BidaskClub downgraded shares of Twitter from a “hold” rating to a “sell” rating in a research note on Friday. Instinet reaffirmed a “neutral” rating on shares of Twitter in a research note on Friday, June 2nd. Argus reaffirmed a “hold” rating on shares of Twitter in a research note on Tuesday, May 2nd. Finally, Aegis reaffirmed a “sell” rating on shares of Twitter in a research note on Sunday, April 2nd. Seventeen investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $15.82.
In other news, Director Evan Clark Williams sold 273,300 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $14.71, for a total transaction of $4,020,243.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Kaiden sold 2,815 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $18.37, for a total value of $51,711.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,971,445 shares of company stock worth $33,742,431. Company insiders own 10.79% of the company’s stock.
Twitter Company Profile
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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