Twitter (TWTR) Price Target Raised to $36.00 at JPMorgan Chase & Co.
Twitter (NYSE:TWTR) had its price target raised by JPMorgan Chase & Co. to $36.00 in a research note published on Friday. JPMorgan Chase & Co. currently has an overweight rating on the social networking company’s stock.
Several other equities research analysts also recently issued reports on TWTR. Stifel Nicolaus set a $26.00 target price on shares of Twitter and gave the company a hold rating in a research note on Thursday, February 8th. Goldman Sachs Group set a $26.00 target price on shares of Twitter and gave the company a buy rating in a research note on Friday, October 27th. Susquehanna Bancshares raised their target price on shares of Twitter from $17.00 to $20.00 and gave the company a neutral rating in a research note on Thursday, October 26th. Vetr downgraded shares of Twitter from a strong-buy rating to a buy rating and set a $24.17 target price for the company. in a research note on Tuesday, November 21st. Finally, Wells Fargo & Co raised their target price on shares of Twitter from $16.00 to $19.00 and gave the company a market perform rating in a research note on Friday, October 27th. Eight research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have assigned a buy rating to the company’s stock. Twitter has a consensus rating of Hold and a consensus target price of $22.79.
Twitter (NYSE:TWTR) opened at $30.95 on Friday. The firm has a market capitalization of $22,990.00, a PE ratio of -206.33, a PEG ratio of 13.74 and a beta of 1.14. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter has a 1-year low of $14.12 and a 1-year high of $35.00.
In other news, insider Robert Kaiden sold 1,186 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $24.44, for a total transaction of $28,985.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 directly owns 2,441,312 shares in the company, valued at $49,021,544.96. The disclosure for this sale can be found here. Insiders have sold 3,225,011 shares of company stock valued at $69,509,411 over the last 90 days. Company insiders own 9.18% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Balentine LLC increased its holdings in shares of Twitter by 86.6% during the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after purchasing an additional 3,167 shares during the period. Toronto Dominion Bank increased its holdings in shares of Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after purchasing an additional 1,333 shares during the period. Malaga Cove Capital LLC bought a new position in shares of Twitter during the third quarter worth approximately $154,000. Staley Capital Advisers Inc. bought a new position in shares of Twitter during the third quarter worth approximately $173,000. Finally, Berkshire Asset Management LLC PA bought a new position in shares of Twitter during the third quarter worth approximately $184,000. 49.26% of the stock is currently owned by institutional investors.
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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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