Shares of Twitter Inc (NYSE:TWTR) have received a consensus rating of “Hold” from the thirty-eight ratings firms that are presently covering the company, MarketBeat.com reports. Three research 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. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.19.
Several research firms have recently issued reports on TWTR. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $50.00 target price on the stock in a research note on Saturday, July 7th. Wells Fargo & Co reissued a “market perform” rating and set a $42.00 target price (up from $32.00) on shares of Twitter in a research note on Tuesday, July 3rd. Macquarie lowered shares of Twitter from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $36.00 to $42.00 in a research note on Wednesday, July 18th. They noted that the move was a valuation call. Cleveland Research set a $46.00 target price on shares of Twitter and gave the stock a “hold” rating in a research note on Tuesday, July 10th. Finally, Bank of America set a $27.00 target price on shares of Twitter and gave the stock a “sell” rating in a research note on Tuesday, July 10th.
TWTR traded down $0.42 during midday trading on Friday, hitting $28.87. 1,062,744 shares of the company were exchanged, compared to its average volume of 22,820,706. The company has a market capitalization of $22.39 billion, a P/E ratio of 494.24, a P/E/G ratio of 3.80 and a beta of 0.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.00 and a current ratio of 11.00. Twitter has a 1-year low of $17.03 and a 1-year high of $47.79.
In other Twitter news, Director Evan Clark Williams sold 682,242 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $42.75, for a total value of $29,165,845.50. Following the transaction, the director now directly owns 1,733,290 shares of the company’s stock, valued at approximately $74,098,147.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew Derella sold 15,098 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $31.95, for a total transaction of $482,381.10. The disclosure for this sale can be found here. Insiders sold a total of 4,143,751 shares of company stock worth $135,852,556 over the last ninety days. 10.79% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWTR. Northern Trust Corp lifted its stake in Twitter by 42.8% in the 2nd quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock worth $449,336,000 after purchasing an additional 3,084,415 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Twitter during the 2nd quarter worth approximately $118,445,000. Summit Trail Advisors LLC increased its holdings in shares of Twitter by 2,102.8% during the 1st quarter. Summit Trail Advisors LLC now owns 2,146,516 shares of the social networking company’s stock worth $2,147,000 after buying an additional 2,049,071 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Twitter by 76.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,460,173 shares of the social networking company’s stock worth $107,436,000 after buying an additional 1,064,166 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Twitter by 2,046.4% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,102,082 shares of the social networking company’s stock worth $31,365,000 after buying an additional 1,050,737 shares during the last quarter. 64.55% of the stock is currently owned by institutional investors and hedge funds.
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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