Picton Mahoney Asset Management Buys New Stake in Twitter Inc (NYSE:TWTR)

Picton Mahoney Asset Management bought a new stake in Twitter Inc (NYSE:TWTR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 73,800 shares of the social networking company’s stock, valued at approximately $2,576,000.

Several other hedge funds have also bought and sold shares of TWTR. Geode Capital Management LLC lifted its position in Twitter by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 9,133,563 shares of the social networking company’s stock worth $262,033,000 after buying an additional 569,560 shares in the last quarter. Strs Ohio raised its holdings in shares of Twitter by 5.1% in the 1st quarter. Strs Ohio now owns 15,319 shares of the social networking company’s stock valued at $503,000 after purchasing an additional 741 shares during the period. BB&T Corp raised its holdings in shares of Twitter by 25.4% in the 1st quarter. BB&T Corp now owns 71,542 shares of the social networking company’s stock valued at $2,352,000 after purchasing an additional 14,471 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Twitter in the 1st quarter valued at about $584,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Twitter by 199.3% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 719,637 shares of the social networking company’s stock valued at $23,662,000 after purchasing an additional 479,158 shares during the period. 68.77% of the stock is owned by hedge funds and other institutional investors.

In other Twitter news, CAO Robert Kaiden sold 7,491 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $35.80, for a total transaction of $268,177.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Montano sold 1,250 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $41.70, for a total transaction of $52,125.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,282 shares of company stock worth $5,750,029. Insiders own 2.65% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Mizuho set a $35.00 target price on shares of Twitter and gave the company a “sell” rating in a report on Friday, July 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $35.00 target price (up from $32.00) on shares of Twitter in a report on Tuesday, August 6th. Moffett Nathanson dropped their target price on shares of Twitter from $28.00 to $25.00 and set a “sell” rating on the stock in a report on Thursday, June 13th. Goldman Sachs Group set a $52.00 target price on shares of Twitter and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Rosenblatt Securities assumed coverage on shares of Twitter in a report on Tuesday, July 23rd. They issued a “neutral” rating and a $38.00 target price on the stock. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company. Twitter has an average rating of “Hold” and an average price target of $40.91.

Twitter stock traded down $1.18 during trading hours on Friday, hitting $41.00. The company had a trading volume of 11,880,699 shares, compared to its average volume of 17,048,476. The firm has a market cap of $32.61 billion, a PE ratio of 74.55, a PEG ratio of 0.87 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.33 and a quick ratio of 4.33. Twitter Inc has a one year low of $26.19 and a one year high of $43.48. The firm has a 50-day moving average of $39.81 and a 200 day moving average of $35.98.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Friday, July 26th. The social networking company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The firm had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $828.07 million. Twitter had a net margin of 71.46% and a return on equity of 7.93%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. As a group, research analysts expect that Twitter Inc will post 2.06 earnings per share for the current year.

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, a platform 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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