Trade Report: Today: Amerigo Asset Management Buys Shares of 4,376,300 Twitter Inc. (TWTR)

Today: Amerigo Asset Management Buys Shares of 4,376,300 Twitter Inc. (TWTR)

Amerigo Asset Management bought a new position in shares of Twitter Inc. (NYSE:TWTR) during the third quarter, Holdings Channel reports. The firm bought 4,376,300 shares of the social networking company’s stock, valued at approximately $100,874,000. Twitter makes up about 12.1% of Amerigo Asset Management’s investment portfolio, making the stock its 4th largest position. Amerigo Asset Management owned approximately 0.62% of Twitter as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Highland Capital Management LLC raised its position in Twitter by 1.1% in the third quarter. Highland Capital Management LLC now owns 24,140 shares of the social networking company’s stock worth $556,000 after buying an additional 266 shares in the last quarter. Morgens Waterfall Vintiadis & Co. Inc. raised its position in Twitter by 80.0% in the third quarter. Morgens Waterfall Vintiadis & Co. Inc. now owns 180,000 shares of the social networking company’s stock worth $4,149,000 after buying an additional 80,000 shares in the last quarter. Eagle Asset Management Inc. raised its position in Twitter by 7.6% in the third quarter. Eagle Asset Management Inc. now owns 535,800 shares of the social networking company’s stock worth $12,350,000 after buying an additional 38,031 shares in the last quarter. Grassi Investment Management raised its position in Twitter by 31.8% in the third quarter. Grassi Investment Management now owns 54,250 shares of the social networking company’s stock worth $1,250,000 after buying an additional 13,100 shares in the last quarter. Finally, Hills Bank & Trust Co. raised its position in Twitter by 3.3% in the third quarter. Hills Bank & Trust Co. now owns 12,345 shares of the social networking company’s stock worth $285,000 after buying an additional 395 shares in the last quarter. Institutional investors own 44.28% of the company’s stock.

Twitter Inc. (NYSE:TWTR) traded up 0.72% during trading on Monday, reaching $18.19. The company had a trading volume of 13,771,100 shares. The stock has a 50 day moving average of $18.01 and a 200-day moving average of $17.78. The stock’s market capitalization is $12.88 billion. Twitter Inc. has a 12-month low of $13.73 and a 12-month high of $26.25.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, October 27th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.28. The company had revenue of $616 million for the quarter, compared to analyst estimates of $606.40 million. Twitter had a negative net margin of 15.06% and a negative return on equity of 5.18%. Twitter’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. On average, analysts forecast that Twitter Inc. will post $0.52 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on the company. OTR Global restated a “negative” rating on shares of Twitter in a report on Wednesday, November 23rd. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $21.11 target price on the stock in a report on Wednesday, November 16th. MKM Partners restated a “neutral” rating and issued a $18.50 target price on shares of Twitter in a report on Tuesday, November 15th. Loop Capital restated a “hold” rating and issued a $16.00 target price on shares of Twitter in a report on Friday, November 11th. Finally, Wedbush restated a “neutral” rating and issued a $14.00 target price on shares of Twitter in a report on Friday, November 11th. Ten research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.43.

In other Twitter news, insider Adam Messinger sold 4,901 shares of Twitter 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert Kaiden sold 3,604 shares of Twitter stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $20.06, for a total transaction of $72,296.24. 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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