Voya Investment Management LLC Buys 205,264 Shares of Twitter Inc (TWTR)
Voya Investment Management LLC increased its stake in shares of Twitter Inc (NYSE:TWTR) by 111.5% in the second quarter, HoldingsChannel reports. The firm owned 389,381 shares of the social networking company’s stock after buying an additional 205,264 shares during the quarter. Voya Investment Management LLC’s holdings in Twitter were worth $17,005,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of TWTR. Fortis Advisors LLC purchased a new stake in Twitter during the 1st quarter worth about $103,000. Harvest Fund Management Co. Ltd purchased a new stake in Twitter during the 2nd quarter worth about $112,000. Kiley Juergens Wealth Management LLC purchased a new stake in Twitter during the 2nd quarter worth about $113,000. Quad Cities Investment Group LLC purchased a new stake in Twitter during the 2nd quarter worth about $132,000. Finally, Integrated Investment Consultants LLC purchased a new stake in Twitter during the 2nd quarter worth about $166,000. Hedge funds and other institutional investors own 64.50% of the company’s stock.
Several research firms have commented on TWTR. Zacks Investment Research cut Twitter from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 30th. Macquarie cut Twitter from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $36.00 to $42.00 in a report on Wednesday, July 18th. They noted that the move was a valuation call. Wells Fargo & Co restated a “market perform” rating and issued a $42.00 price target (up previously from $32.00) on shares of Twitter in a report on Tuesday, July 3rd. Cleveland Research set a $46.00 price target on Twitter and gave the company a “hold” rating in a report on Tuesday, July 10th. Finally, UBS Group lifted their price target on Twitter from $36.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 15th. Four investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Twitter has an average rating of “Hold” and an average price target of $32.77.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Friday, July 27th. The social networking company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $710.54 million for the quarter, compared to analyst estimates of $697.35 million. Twitter had a return on equity of 4.37% and a net margin of 8.57%. The company’s revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. sell-side analysts expect that Twitter Inc will post 0.35 EPS for the current fiscal year.
In related news, insider Robert Kaiden sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $44.21, for a total transaction of $59,904.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Matthew Derella sold 7,008 shares of the business’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $44.46, for a total value of $311,575.68. The disclosure for this sale can be found here. Insiders sold a total of 4,141,654 shares of company stock worth $158,388,186 over the last ninety days. Corporate insiders own 6.62% of the company’s stock.
Twitter Company Profile
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter 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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