Todays Report: Today: Twitter Inc. (TWTR) Stake Maintained by Whittier Trust Co.

Today: Twitter Inc. (TWTR) Stake Maintained by Whittier Trust Co.

Whittier Trust Co. held its stake in Twitter Inc. (NYSE:TWTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,334 shares of the social networking company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Twitter were worth $158,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. ING Groep NV raised its position in Twitter by 12.2% in the second quarter. ING Groep NV now owns 324,421 shares of the social networking company’s stock valued at $5,479,000 after buying an additional 35,385 shares in the last quarter. Legal & General Group Plc raised its position in Twitter by 4.1% in the first quarter. Legal & General Group Plc now owns 1,756,013 shares of the social networking company’s stock valued at $29,062,000 after buying an additional 69,951 shares in the last quarter. State Street Corp raised its position in Twitter by 3.5% in the first quarter. State Street Corp now owns 9,367,582 shares of the social networking company’s stock valued at $155,031,000 after buying an additional 317,209 shares in the last quarter. Raymond James Trust N.A. raised its position in Twitter by 47.0% in the second quarter. Raymond James Trust N.A. now owns 16,500 shares of the social networking company’s stock valued at $279,000 after buying an additional 5,279 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Twitter during the first quarter valued at approximately $13,056,000. Hedge funds and other institutional investors own 41.87% of the company’s stock.

Shares of Twitter Inc. (NYSE:TWTR) traded down 5.12% during mid-day trading on Friday, hitting $16.88. The stock had a trading volume of 73,675,252 shares. The company’s market capitalization is $11.82 billion. The stock’s 50-day moving average price is $19.84 and its 200 day moving average price is $17.40. Twitter Inc. has a 1-year low of $13.73 and a 1-year high of $31.87.

Twitter (NYSE:TWTR) last posted its earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $602 million for the quarter, compared to analyst estimates of $606.37 million. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS. On average, analysts predict that Twitter Inc. will post $0.51 EPS for the current fiscal year.

Several equities analysts have recently commented on TWTR shares. Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $20.69 price target for the company in a research report on Monday, August 29th. Loop Capital started coverage on shares of Twitter in a research report on Thursday, September 22nd. They set a “hold” rating and a $18.00 price target for the company. They noted that the move was a valuation call. Nomura restated a “neutral” rating and set a $13.00 price target on shares of Twitter in a research report on Wednesday, September 28th. Monness Crespi & Hardt restated a “neutral” rating on shares of Twitter in a research report on Monday, October 10th. Finally, Morgan Stanley reaffirmed a “sell” rating on shares of Twitter in a report on Thursday, September 29th. Twelve analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.42.

In related news, insider Robert Kaiden sold 13,231 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $17.87, for a total value of $236,437.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Messinger sold 4,901 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $23.64, for a total value of $115,859.64. The disclosure for this sale can be found here. Corporate insiders own 10.79% of the company’s stock.

Twitter Company Profile

Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.

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