Twitter Inc (TWTR) Shares Bought by Reliance Trust Co. of Delaware
Reliance Trust Co. of Delaware increased its position in shares of Twitter Inc (NYSE:TWTR) by 33.0% during the first quarter, Holdings Channel reports. The fund owned 80,951 shares of the social networking company’s stock after buying an additional 20,080 shares during the period. Reliance Trust Co. of Delaware’s holdings in Twitter were worth $1,210,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of TWTR. Apriem Advisors increased its position in shares of Twitter by 4.5% in the third quarter. Apriem Advisors now owns 4,650 shares of the social networking company’s stock worth $107,000 after buying an additional 200 shares during the last quarter. Massey Quick & Co. LLC bought a new position in shares of Twitter during the fourth quarter worth $130,000. Edmond de Rothschild Europe bought a new position in shares of Twitter during the third quarter worth $149,000. Atria Investments LLC increased its position in shares of Twitter by 2.6% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company’s stock worth $156,000 after buying an additional 268 shares during the last quarter. Finally, Sciencast Management LP bought a new position in shares of Twitter during the fourth quarter worth $163,000. 44.45% of the stock is currently owned by institutional investors and hedge funds.
Twitter Inc (NYSE:TWTR) traded up 0.28% during midday trading on Tuesday, reaching $14.44. The company had a trading volume of 9,690,913 shares. Twitter Inc has a 12-month low of $13.73 and a 12-month high of $25.25. The stock has a 50-day moving average price of $15.01 and a 200 day moving average price of $17.13. The company’s market capitalization is $10.35 billion.
Twitter (NYSE:TWTR) last issued its earnings results on Thursday, February 9th. The social networking company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. The firm had revenue of $717 million for the quarter, compared to the consensus estimate of $740.17 million. Twitter had a negative return on equity of 4.59% and a negative net margin of 18.06%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. Equities analysts forecast that Twitter Inc will post $0.30 EPS for the current year.
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TWTR has been the topic of a number of recent analyst reports. Cantor Fitzgerald cut their price objective on Twitter to $16.00 in a research note on Friday, February 10th. Jefferies Group LLC dropped their price target on Twitter to $20.00 in a research report on Friday, February 10th. Evercore ISI reaffirmed a “buy” rating and issued a $17.00 price target on shares of Twitter in a research report on Friday, January 6th. Vetr downgraded Twitter from a “strong-buy” rating to a “buy” rating and set a $18.24 price target on the stock. in a research report on Wednesday, January 4th. Finally, BTIG Research raised Twitter from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.26 to $25.00 in a research report on Wednesday, February 8th. Seventeen equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.76.
In other Twitter news, CAO Robert Kaiden sold 7,802 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $17.67, for a total value of $137,861.34. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jack Dorsey bought 425,998 shares of Twitter stock in a transaction on Tuesday, February 14th. The stock was acquired at an average cost of $16.43 per share, for a total transaction of $6,999,147.14. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 317,406 shares of company stock worth $4,697,091. Company insiders own 10.79% of the company’s stock.
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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