Pictet & Cie Europe SA Acquires 7,300 Shares of Twitter, Inc. (TWTR)

Pictet & Cie Europe SA raised its position in Twitter, Inc. (NYSE:TWTR) by 30.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,300 shares of the social networking company’s stock after buying an additional 7,300 shares during the period. Pictet & Cie Europe SA’s holdings in Twitter were worth $528,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Rothschild Asset Management Inc. boosted its position in Twitter by 0.4% in the second quarter. Rothschild Asset Management Inc. now owns 35,078 shares of the social networking company’s stock valued at $627,000 after buying an additional 151 shares in the last quarter. Nordea Investment Management AB boosted its position in Twitter by 2.3% in the second quarter. Nordea Investment Management AB now owns 19,027 shares of the social networking company’s stock valued at $340,000 after buying an additional 422 shares in the last quarter. Comerica Bank boosted its position in Twitter by 1.8% in the second quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock valued at $557,000 after buying an additional 489 shares in the last quarter. Lincoln National Corp boosted its position in Twitter by 5.1% in the second quarter. Lincoln National Corp now owns 16,200 shares of the social networking company’s stock valued at $289,000 after buying an additional 785 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its position in Twitter by 3.4% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 24,015 shares of the social networking company’s stock valued at $429,000 after buying an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 49.71% of the company’s stock.

In other Twitter news, insider Robert Kaiden sold 3,695 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $16.78, for a total transaction of $62,002.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Evan Clark Williams sold 565,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $20.08, for a total transaction of $11,345,200.00. Following the transaction, the director now owns 2,441,312 shares of the company’s stock, valued at approximately $49,021,544.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,171,445 shares of company stock worth $82,183,431. 10.79% of the stock is owned by corporate insiders.

A number of brokerages have weighed in on TWTR. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 target price for the company in a research note on Monday, October 23rd. Barclays PLC reaffirmed a “sell” rating and issued a $16.00 target price on shares of Twitter in a research note on Friday, July 28th. Argus raised shares of Twitter from a “hold” rating to a “buy” rating and boosted their target price for the stock from $19.71 to $25.00 in a research note on Friday, November 3rd. Wedbush set a $16.00 price target on shares of Twitter and gave the stock a “hold” rating in a research note on Monday, October 23rd. Finally, Susquehanna Bancshares Inc boosted their price target on shares of Twitter from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Twelve equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $17.67.

Twitter, Inc. (NYSE TWTR) traded up $0.45 on Friday, hitting $20.36. 12,967,800 shares of the stock were exchanged, compared to its average volume of 17,527,275. Twitter, Inc. has a one year low of $14.12 and a one year high of $21.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The company had revenue of $590.00 million for the quarter, compared to the consensus estimate of $586.22 million. During the same period last year, the company posted $0.09 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. analysts expect that Twitter, Inc. will post 0.02 earnings per share for the current year.

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About Twitter

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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