42,914 Shares in Twitter Inc (TWTR) Acquired by Deane Retirement Strategies Inc.

Deane Retirement Strategies Inc. purchased a new stake in shares of Twitter Inc (NYSE:TWTR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 42,914 shares of the social networking company’s stock, valued at approximately $1,874,000. Twitter accounts for about 1.8% of Deane Retirement Strategies Inc.’s holdings, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allen Investment Management LLC raised its holdings in Twitter by 0.4% in the 1st quarter. Allen Investment Management LLC now owns 402,743 shares of the social networking company’s stock worth $11,684,000 after purchasing an additional 1,584 shares during the period. TRUE Private Wealth Advisors raised its holdings in Twitter by 14.5% during the second quarter. TRUE Private Wealth Advisors now owns 13,969 shares of the social networking company’s stock valued at $610,000 after acquiring an additional 1,771 shares during the period. CIBC World Markets Inc. raised its holdings in Twitter by 18.4% during the first quarter. CIBC World Markets Inc. now owns 13,473 shares of the social networking company’s stock valued at $391,000 after acquiring an additional 2,091 shares during the period. IFM Investors Pty Ltd raised its holdings in Twitter by 12.5% during the first quarter. IFM Investors Pty Ltd now owns 19,845 shares of the social networking company’s stock valued at $576,000 after acquiring an additional 2,212 shares during the period. Finally, Thompson Davis & CO. Inc. raised its holdings in Twitter by 62.1% during the first quarter. Thompson Davis & CO. Inc. now owns 6,080 shares of the social networking company’s stock valued at $176,000 after acquiring an additional 2,330 shares during the period. 59.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on TWTR shares. Royal Bank of Canada decreased their price target on Twitter from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Friday, July 27th. ValuEngine raised Twitter from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 2nd. Argus raised their price target on Twitter from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, June 6th. Goldman Sachs Group reissued a “buy” rating and set a $55.00 price target on shares of Twitter in a report on Friday, July 27th. Finally, JPMorgan Chase & Co. raised their price target on Twitter from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, April 26th. Four analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $32.55.

In related news, CAO Robert Kaiden sold 3,676 shares of Twitter stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $30.71, for a total value of $112,889.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $42.75, for a total value of $29,165,845.50. Following the completion of the transaction, the director now owns 1,733,290 shares of the company’s stock, valued at approximately $74,098,147.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,456,692 shares of company stock valued at $143,881,111. 10.79% of the stock is currently owned by company insiders.

Shares of Twitter stock traded up $0.32 during trading on Thursday, reaching $32.23. 311,703 shares of the stock traded hands, compared to its average volume of 35,303,624. The firm has a market cap of $24.15 billion, a price-to-earnings ratio of 531.83, a PEG ratio of 4.69 and a beta of 0.69. The company has a quick ratio of 10.23, a current ratio of 11.00 and a debt-to-equity ratio of 0.47. Twitter Inc has a 52-week low of $15.67 and a 52-week high of $47.79.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Friday, July 27th. The social networking company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $710.54 million during the quarter, compared to analyst estimates of $697.35 million. Twitter had a return on equity of 4.37% and a net margin of 8.57%. The firm’s revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share. equities analysts expect that Twitter Inc will post 0.36 EPS for the current fiscal year.

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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