Integrated Investment Consultants LLC Acquires Shares of 3,791 Twitter Inc (TWTR)

Integrated Investment Consultants LLC acquired a new position in shares of Twitter Inc (NYSE:TWTR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,791 shares of the social networking company’s stock, valued at approximately $166,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TWTR. Global X Management Co. LLC lifted its holdings in shares of Twitter by 19.0% during the 1st quarter. Global X Management Co. LLC now owns 1,016,993 shares of the social networking company’s stock valued at $29,503,000 after buying an additional 162,520 shares during the last quarter. Hanseatic Management Services Inc. acquired a new stake in shares of Twitter during the 1st quarter valued at about $909,000. Thompson Davis & CO. Inc. lifted its holdings in shares of Twitter by 62.1% during the 1st quarter. Thompson Davis & CO. Inc. now owns 6,080 shares of the social networking company’s stock valued at $176,000 after buying an additional 2,330 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Twitter by 4.9% during the 1st quarter. Rhumbline Advisers now owns 739,217 shares of the social networking company’s stock valued at $21,445,000 after buying an additional 34,731 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Twitter by 233.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 374,937 shares of the social networking company’s stock valued at $10,877,000 after buying an additional 262,411 shares during the last quarter. Hedge funds and other institutional investors own 64.51% of the company’s stock.

Several equities research analysts have recently issued reports on TWTR shares. Citigroup lifted their price target on Twitter from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Monday, July 30th. Goldman Sachs Group reiterated a “buy” rating and set a $55.00 price target on shares of Twitter in a report on Friday, July 27th. ValuEngine lowered Twitter from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 28th. Canaccord Genuity reiterated a “hold” rating and set a $32.00 price target (up from $28.00) on shares of Twitter in a report on Friday, July 27th. Finally, SunTrust Banks reiterated a “hold” rating and set a $30.00 price target on shares of Twitter in a report on Friday, July 27th. Three analysts have rated the stock with a sell rating, twenty-three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Twitter presently has an average rating of “Hold” and an average target price of $33.13.

Shares of NYSE TWTR opened at $34.28 on Monday. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $25.98 billion, a price-to-earnings ratio of 571.33, a price-to-earnings-growth ratio of 4.42 and a beta of 0.68. Twitter Inc has a 12 month low of $16.44 and a 12 month high of $47.79.

Twitter (NYSE:TWTR) last issued 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 for the quarter, compared to the consensus estimate of $697.35 million. Twitter had a return on equity of 4.37% and a net margin of 8.57%. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 EPS. research analysts forecast that Twitter Inc will post 0.35 earnings per share for the current fiscal year.

In other Twitter news, VP Matthew Derella sold 15,098 shares of Twitter stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $31.95, for a total value of $482,381.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Robert Kaiden sold 3,641 shares of Twitter stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $35.52, for a total value of $129,328.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,449,553 shares of company stock worth $143,342,249. Company insiders own 6.62% of the company’s stock.

Twitter Company 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.

Further Reading: Earnings Per Share

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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