SG Americas Securities LLC raised its holdings in shares of Twitter Inc (NYSE:TWTR) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,870 shares of the social networking company’s stock after purchasing an additional 6,509 shares during the quarter. SG Americas Securities LLC’s holdings in Twitter were worth $4,208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TWTR. First Trust Advisors LP lifted its holdings in Twitter by 18.4% during the 3rd quarter. First Trust Advisors LP now owns 10,400,990 shares of the social networking company’s stock worth $296,012,000 after buying an additional 1,616,515 shares during the last quarter. Northern Trust Corp lifted its holdings in Twitter by 42.8% during the 2nd quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock worth $449,336,000 after buying an additional 3,084,415 shares during the last quarter. American Century Companies Inc. lifted its holdings in Twitter by 47.9% during the 3rd quarter. American Century Companies Inc. now owns 4,010,994 shares of the social networking company’s stock worth $114,153,000 after buying an additional 1,298,716 shares during the last quarter. Legal & General Group Plc lifted its holdings in Twitter by 4.8% during the 2nd quarter. Legal & General Group Plc now owns 2,918,801 shares of the social networking company’s stock worth $127,464,000 after buying an additional 133,266 shares during the last quarter. Finally, ARK Investment Management LLC lifted its holdings in Twitter by 2.3% during the 2nd quarter. ARK Investment Management LLC now owns 2,757,845 shares of the social networking company’s stock worth $120,435,000 after buying an additional 60,849 shares during the last quarter. Hedge funds and other institutional investors own 66.98% of the company’s stock.

A number of research analysts have commented on TWTR shares. Goldman Sachs Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Twitter in a report on Friday, July 27th. Pivotal Research increased their target price on Twitter from $22.00 to $26.00 and gave the stock a “sell” rating in a report on Friday, July 27th. Royal Bank of Canada reduced their target price on Twitter from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Friday, July 27th. Wedbush reaffirmed a “hold” rating and set a $37.00 target price (up previously from $29.00) on shares of Twitter in a report on Friday, July 27th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $30.00 target price on shares of Twitter in a report on Friday, July 27th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. Twitter has a consensus rating of “Hold” and a consensus target price of $34.38.

In other news, Director Evan Clark Williams sold 682,242 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $35.45, for a total value of $24,185,478.90. Following the completion of the sale, the director now owns 1,634,718 shares of the company’s stock, valued at $57,950,753.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Kaiden sold 3,782 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $35.00, for a total value of $132,370.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,180,995 shares of company stock valued at $127,996,260. 6.62% of the stock is currently owned by insiders.

Shares of NYSE TWTR opened at $31.98 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.61 and a current ratio of 4.61. The firm has a market capitalization of $25.63 billion, a P/E ratio of 533.00, a P/E/G ratio of 3.45 and a beta of 0.32. Twitter Inc has a 52-week low of $20.12 and a 52-week high of $47.79.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.17. The business had revenue of $758.11 million for the quarter, compared to analysts’ expectations of $703.57 million. Twitter had a return on equity of 6.75% and a net margin of 36.35%. As a group, research analysts expect that Twitter Inc will post 0.44 EPS for the current fiscal 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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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