Private Advisor Group LLC increased its holdings in Twitter Inc (NYSE:TWTR) by 12.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 51,424 shares of the social networking company’s stock after acquiring an additional 5,655 shares during the quarter. Private Advisor Group LLC’s holdings in Twitter were worth $1,691,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TWTR. Norges Bank purchased a new stake in shares of Twitter in the fourth quarter worth $202,600,000. SRS Investment Management LLC purchased a new stake in shares of Twitter in the fourth quarter worth $140,191,000. Oregon Public Employees Retirement Fund raised its position in shares of Twitter by 2,245.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,309,218 shares of the social networking company’s stock worth $150,000 after buying an additional 4,125,455 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Twitter by 820.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 3,307,199 shares of the social networking company’s stock worth $95,042,000 after buying an additional 2,948,050 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Twitter by 72.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,809,412 shares of the social networking company’s stock worth $158,133,000 after buying an additional 2,026,733 shares in the last quarter. Institutional investors own 67.11% of the company’s stock.

Shares of NYSE:TWTR traded down $0.04 on Wednesday, reaching $37.17. 145,936 shares of the company traded hands, compared to its average volume of 17,139,152. Twitter Inc has a 52 week low of $26.19 and a 52 week high of $47.79. The stock has a market capitalization of $29.15 billion, a P/E ratio of 67.83, a price-to-earnings-growth ratio of 2.53 and a beta of 0.69. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.34.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.31. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The firm had revenue of $787.00 million for the quarter, compared to analysts’ expectations of $775.16 million. During the same period last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, research analysts predict that Twitter Inc will post 0.64 EPS for the current year.

TWTR has been the topic of a number of research analyst reports. Deutsche Bank increased their target price on Twitter from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Guggenheim reissued a “buy” rating and issued a $44.00 target price (up previously from $41.00) on shares of Twitter in a research note on Wednesday, April 24th. Zacks Investment Research raised Twitter from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Friday, April 26th. Oppenheimer increased their target price on Twitter from $33.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Aegis increased their target price on Twitter from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $39.65.

In related news, CFO Ned D. Segal sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $35.00, for a total value of $210,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vijaya Gadde sold 16,664 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $39.32, for a total value of $655,228.48. The disclosure for this sale can be found here. Insiders have sold 88,265 shares of company stock worth $3,352,090 over the last ninety days. Insiders own 2.65% of the company’s stock.

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Twitter 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, a platform 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.

Further Reading: How is Preferred Stock Different from Common Stock?

Want to see what other hedge funds are holding TWTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twitter Inc (NYSE:TWTR).

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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