Nordea Investment Management AB lifted its holdings in Twitter Inc (NYSE:TWTR) by 3.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 38,824 shares of the social networking company’s stock after purchasing an additional 1,262 shares during the period. Nordea Investment Management AB’s holdings in Twitter were worth $1,277,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Twitter during the 4th quarter valued at approximately $202,600,000. SRS Investment Management LLC acquired a new stake in shares of Twitter in the fourth quarter worth $140,191,000. Clearbridge Investments LLC boosted its holdings in Twitter by 11.5% during the first quarter. Clearbridge Investments LLC now owns 30,512,378 shares of the social networking company’s stock worth $1,003,247,000 after buying an additional 3,144,553 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Twitter by 72.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,809,412 shares of the social networking company’s stock worth $158,133,000 after buying an additional 2,026,733 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its holdings in Twitter by 1,085.7% during the first quarter. Nikko Asset Management Americas Inc. now owns 2,200,069 shares of the social networking company’s stock worth $72,338,000 after buying an additional 2,014,515 shares in the last quarter. 67.13% of the stock is owned by hedge funds and other institutional investors.
Shares of Twitter stock traded down $0.89 during trading on Friday, reaching $36.77. The company’s stock had a trading volume of 10,824,176 shares, compared to its average volume of 9,895,694. The stock has a 50-day moving average price of $36.46. The company has a market capitalization of $28.95 billion, a price-to-earnings ratio of 66.85, a PEG ratio of 2.40 and a beta of 0.57. Twitter Inc has a fifty-two week low of $26.19 and a fifty-two week high of $44.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.47 and a current ratio of 4.47.
In other Twitter news, CFO Ned D. Segal sold 6,000 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $36.67, for a total value of $220,020.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijaya Gadde sold 4,166 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $35.11, for a total transaction of $146,268.26. The disclosure for this sale can be found here. Insiders sold a total of 106,062 shares of company stock worth $4,025,313 over the last ninety days. Corporate insiders own 2.65% of the company’s stock.
Several equities analysts have issued reports on the stock. Guggenheim raised shares of Novartis from a “neutral” rating to a “buy” rating and set a $79.16 price objective on the stock in a report on Wednesday, April 24th. Deutsche Bank increased their price objective on shares of Texas Instruments from $100.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Cowen raised shares of Twitter from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 23rd. Barclays decreased their price target on shares of Waters from $218.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 24th. Finally, Canaccord Genuity set a C$16.50 price target on shares of Detour Gold and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $39.49.
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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