Crossmark Global Holdings Inc. Raises Holdings in Twitter Inc (TWTR)

Crossmark Global Holdings Inc. lifted its stake in shares of Twitter Inc (NYSE:TWTR) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,500 shares of the social networking company’s stock after purchasing an additional 3,300 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Twitter were worth $1,722,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TWTR. AXA grew its holdings in Twitter by 2.5% during the third quarter. AXA now owns 1,213,831 shares of the social networking company’s stock worth $34,546,000 after acquiring an additional 30,000 shares during the period. Eagle Asset Management Inc. acquired a new position in Twitter during the third quarter worth $67,655,000. National Asset Management Inc. grew its holdings in Twitter by 11.5% during the third quarter. National Asset Management Inc. now owns 37,780 shares of the social networking company’s stock worth $1,076,000 after acquiring an additional 3,890 shares during the period. Cedar Capital LLC grew its holdings in Twitter by 40.8% during the third quarter. Cedar Capital LLC now owns 38,839 shares of the social networking company’s stock worth $1,105,000 after acquiring an additional 11,250 shares during the period. Finally, Piedmont Investment Advisors Inc. grew its holdings in Twitter by 308.6% during the third quarter. Piedmont Investment Advisors Inc. now owns 67,415 shares of the social networking company’s stock worth $1,919,000 after acquiring an additional 50,915 shares during the period. Institutional investors and hedge funds own 66.98% of the company’s stock.

Twitter stock opened at $31.12 on Monday. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $23.69 billion, a price-to-earnings ratio of 77.80, a PEG ratio of 3.09 and a beta of 0.32. Twitter Inc has a fifty-two week low of $20.12 and a fifty-two week high of $47.79.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, October 25th. The social networking company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.17. Twitter had a return on equity of 6.75% and a net margin of 36.35%. The business had revenue of $758.11 million for the quarter, compared to the consensus estimate of $703.57 million. Equities analysts predict that Twitter Inc will post 0.46 EPS for the current year.

In other news, VP Michael Montano sold 1,250 shares of the company’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $28.34, for a total value of $35,425.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David S. Rosenblatt sold 30,000 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $34.30, for a total value of $1,029,000.00. The disclosure for this sale can be found here. Insiders sold 4,182,245 shares of company stock worth $128,034,010 over the last 90 days. Company insiders own 10.79% of the company’s stock.

A number of research analysts recently weighed in on the company. Citigroup upped their price objective on Twitter from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. Wells Fargo & Co dropped their price objective on Twitter from $42.00 to $32.00 and set an “in-line” rating on the stock in a report on Monday, July 30th. ValuEngine raised Twitter from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 31st. Zacks Investment Research reaffirmed a “strong-buy” rating and set a $37.00 price objective on shares of Twitter in a report on Saturday, November 17th. Finally, Aegis upped their price objective on Twitter from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, October 29th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.38.

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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.

Further Reading: How to calculate the intrinsic value of a stock

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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