NuWave Investment Management LLC Purchases New Stake in Twitter Inc (NYSE:TWTR)

NuWave Investment Management LLC purchased a new stake in Twitter Inc (NYSE:TWTR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,691 shares of the social networking company’s stock, valued at approximately $118,000.

Several other large investors also recently bought and sold shares of the stock. Arden Trust Co increased its holdings in shares of Twitter by 11.8% in the second quarter. Arden Trust Co now owns 79,731 shares of the social networking company’s stock valued at $2,375,000 after purchasing an additional 8,421 shares during the last quarter. Campbell Capital Management Inc. acquired a new stake in shares of Twitter in the second quarter valued at approximately $5,665,000. Envestnet Asset Management Inc. increased its holdings in shares of Twitter by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 363,251 shares of the social networking company’s stock valued at $10,821,000 after purchasing an additional 5,526 shares during the last quarter. DNB Asset Management AS increased its stake in Twitter by 9.1% during the second quarter. DNB Asset Management AS now owns 81,752 shares of the social networking company’s stock worth $2,435,000 after acquiring an additional 6,814 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Twitter by 33.3% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 10,400 shares of the social networking company’s stock worth $310,000 after acquiring an additional 2,600 shares during the last quarter. 72.51% of the stock is owned by hedge funds and other institutional investors.

Shares of TWTR opened at $33.82 on Tuesday. The company has a current ratio of 11.93, a quick ratio of 11.93 and a debt-to-equity ratio of 0.45. The firm has a market cap of $26.73 billion, a PE ratio of 20.88 and a beta of 0.79. The company’s 50 day simple moving average is $32.91 and its 200-day simple moving average is $31.46. Twitter Inc has a 12-month low of $20.00 and a 12-month high of $45.85.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, April 30th. The social networking company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The business had revenue of $807.60 million for the quarter, compared to analyst estimates of $773.08 million. Twitter had a net margin of 36.39% and a return on equity of 3.22%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. As a group, equities research analysts forecast that Twitter Inc will post -0.1 EPS for the current fiscal year.

In related news, CFO Ned D. Segal sold 8,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $29.85, for a total transaction of $238,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Robert Kaiden sold 10,530 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $27.57, for a total value of $290,312.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,584 shares of company stock worth $2,384,239. Insiders own 2.64% of the company’s stock.

Several equities research analysts have issued reports on the company. Vertical Group raised Twitter to a “positive” rating in a research note on Monday, June 15th. Rosenblatt Securities reissued a “hold” rating on shares of Twitter in a research note on Wednesday, July 8th. Morgan Stanley raised their target price on Twitter from $24.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. TheStreet cut Twitter from a “b-” rating to a “c+” rating in a research note on Thursday, April 30th. Finally, China International Capital cut their target price on Twitter from $25.00 to $23.00 in a research note on Wednesday, May 6th. Four analysts have rated the stock with a sell rating, twenty-six have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $33.35.

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, 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.

Featured Story: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.