Twitter Inc (TWTR) Position Raised by Gables Capital Management Inc.

Gables Capital Management Inc. increased its position in shares of Twitter Inc (NYSE:TWTR) by 92.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,000 shares of the social networking company’s stock after purchasing an additional 7,700 shares during the quarter. Gables Capital Management Inc.’s holdings in Twitter were worth $455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tyers Asset Management LLC bought a new stake in Twitter during the second quarter worth about $326,000. CIBC World Markets Inc. lifted its holdings in shares of Twitter by 73.7% in the second quarter. CIBC World Markets Inc. now owns 23,406 shares of the social networking company’s stock worth $1,022,000 after acquiring an additional 9,933 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Twitter in the second quarter worth about $118,445,000. Northern Trust Corp lifted its holdings in shares of Twitter by 42.8% in the second quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock worth $449,336,000 after acquiring an additional 3,084,415 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Twitter by 45.6% in the second quarter. Amalgamated Bank now owns 108,946 shares of the social networking company’s stock worth $4,758,000 after acquiring an additional 34,099 shares during the last quarter. 65.14% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. ValuEngine raised shares of Twitter from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 31st. TheStreet raised shares of Twitter from a “c” rating to a “b-” rating in a report on Friday, October 26th. Zacks Investment Research cut shares of Twitter from a “strong-buy” rating to a “hold” rating in a report on Monday, October 29th. Aegis increased their target price on shares of Twitter from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, October 29th. Finally, CIBC raised shares of Twitter from a “market perform” rating to an “outperform” rating and set a $37.00 target price for the company in a report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $34.75.

Twitter stock opened at $34.42 on Wednesday. Twitter Inc has a 1 year low of $19.36 and a 1 year high of $47.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.61 and a quick ratio of 4.61. The company has a market capitalization of $26.11 billion, a PE ratio of 573.67, a PEG ratio of 3.52 and a beta of 0.32.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. The business had revenue of $758.11 million during the quarter, compared to the consensus estimate of $703.57 million. Twitter had a net margin of 36.35% and a return on equity of 6.75%. On average, sell-side analysts predict that Twitter Inc will post 0.44 EPS for the current fiscal year.

In other Twitter news, VP Matthew Derella sold 7,007 shares of the stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $28.79, for a total transaction of $201,731.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Kaiden sold 2,374 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $34.03, for a total transaction of $80,787.22. The disclosure for this sale can be found here. Insiders have sold a total of 4,156,195 shares of company stock valued at $126,755,075 in the last three months. Insiders own 6.62% of the company’s stock.

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Twitter Profile

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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