Twitter Inc (NYSE:TWTR) Director David S. Rosenblatt sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $40.04, for a total transaction of $1,601,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
TWTR stock opened at $40.09 on Friday. Twitter Inc has a 52 week low of $26.19 and a 52 week high of $43.48. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $38.84 and a two-hundred day simple moving average of $35.70. The firm has a market capitalization of $31.28 billion, a P/E ratio of 72.89, a price-to-earnings-growth ratio of 0.83 and a beta of 0.62.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Friday, July 26th. The social networking company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Twitter had a net margin of 71.46% and a return on equity of 7.93%. The business had revenue of $841.40 million during the quarter, compared to analyst estimates of $828.07 million. During the same quarter last year, the business earned $0.17 earnings per share. Twitter’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, analysts anticipate that Twitter Inc will post 2.06 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. RFG Advisory LLC lifted its holdings in shares of Twitter by 69.8% in the 2nd quarter. RFG Advisory LLC now owns 11,830 shares of the social networking company’s stock worth $415,000 after acquiring an additional 4,862 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Twitter by 0.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 110,316 shares of the social networking company’s stock worth $3,850,000 after acquiring an additional 497 shares during the last quarter. Waddell & Reed Financial Inc. increased its stake in Twitter by 58.7% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,861,376 shares of the social networking company’s stock worth $64,962,000 after buying an additional 688,776 shares during the period. Essex Investment Management Co. LLC increased its stake in Twitter by 8,150.8% in the 2nd quarter. Essex Investment Management Co. LLC now owns 72,112 shares of the social networking company’s stock worth $2,517,000 after buying an additional 71,238 shares during the period. Finally, Doyle Wealth Management purchased a new position in Twitter in the 2nd quarter worth about $44,000. Institutional investors and hedge funds own 66.81% 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, 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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