Victory Capital Management Inc. Lowers Position in Twitter Inc (NYSE:TWTR)

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Victory Capital Management Inc. lessened its stake in Twitter Inc (NYSE:TWTR) by 98.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 66,769 shares of the social networking company’s stock after selling 4,577,848 shares during the period. Victory Capital Management Inc.’s holdings in Twitter were worth $2,195,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TWTR. RFG Advisory LLC acquired a new position in Twitter in the first quarter valued at $229,000. TD Asset Management Inc. increased its stake in shares of Twitter by 4.2% during the fourth quarter. TD Asset Management Inc. now owns 239,410 shares of the social networking company’s stock worth $6,880,000 after acquiring an additional 9,600 shares during the period. Korea Investment CORP increased its stake in shares of Twitter by 128.5% during the fourth quarter. Korea Investment CORP now owns 394,814 shares of the social networking company’s stock worth $11,347,000 after acquiring an additional 222,000 shares during the period. Econ Financial Services Corp acquired a new position in shares of Twitter during the fourth quarter worth about $229,000. Finally, Greenleaf Trust acquired a new position in shares of Twitter during the fourth quarter worth about $230,000. Hedge funds and other institutional investors own 67.11% of the company’s stock.

Shares of TWTR stock opened at $37.21 on Wednesday. Twitter Inc has a one year low of $26.19 and a one year high of $47.79. The company has a market cap of $29.15 billion, a P/E ratio of 67.65, a P/E/G ratio of 2.53 and a beta of 0.69. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.34.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.31. Twitter had a net margin of 42.20% and a return on equity of 8.37%. The company had revenue of $787.00 million during the quarter, compared to analyst estimates of $775.16 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Research analysts anticipate that Twitter Inc will post 0.64 EPS for the current year.

In other Twitter news, insider Vijaya Gadde sold 16,664 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $39.32, for a total transaction of $655,228.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Matthew Derella sold 4,668 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $34.47, for a total transaction of $160,905.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,265 shares of company stock valued at $3,352,090. Company insiders own 2.65% of the company’s stock.

A number of research analysts have recently issued reports on TWTR shares. Zacks Investment Research lowered shares of Twitter from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 12th. BTIG Research reiterated a “buy” rating and set a $42.00 price target (up from $30.00) on shares of Twitter in a research note on Tuesday, February 12th. ValuEngine upgraded shares of Twitter from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Cascend Securities reiterated a “buy” rating and set a $45.00 price target on shares of Twitter in a research note on Wednesday, March 27th. Finally, Guggenheim boosted their price target on shares of Twitter from $33.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $39.65.

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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.

Further Reading: P/E Growth (PEG)

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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