M Holdings Securities Inc. acquired a new position in shares of Twitter Inc (NYSE:TWTR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,999 shares of the social networking company’s stock, valued at approximately $306,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its stake in Twitter by 6.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,396,007 shares of the social networking company’s stock valued at $40,499,000 after buying an additional 87,191 shares during the period. American International Group Inc. increased its stake in Twitter by 52.2% in the 1st quarter. American International Group Inc. now owns 21,488 shares of the social networking company’s stock valued at $623,000 after buying an additional 7,369 shares during the period. Aperio Group LLC increased its stake in Twitter by 57.8% in the 1st quarter. Aperio Group LLC now owns 133,792 shares of the social networking company’s stock valued at $3,881,000 after buying an additional 48,992 shares during the period. US Bancorp DE increased its stake in Twitter by 31.4% in the 1st quarter. US Bancorp DE now owns 22,830 shares of the social networking company’s stock valued at $662,000 after buying an additional 5,460 shares during the period. Finally, Korea Investment CORP increased its stake in Twitter by 1,304.5% in the 1st quarter. Korea Investment CORP now owns 67,446 shares of the social networking company’s stock valued at $1,957,000 after buying an additional 62,644 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Twitter from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Twitter in a research report on Friday, July 27th. Deutsche Bank boosted their price objective on shares of Twitter from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Nomura upgraded shares of Twitter from a “reduce” rating to a “neutral” rating and decreased their price objective for the stock from $31.75 to $31.00 in a research report on Tuesday, July 31st. Finally, Wells Fargo & Co reduced their target price on shares of Twitter from $42.00 to $32.00 and set an “in-line” rating on the stock in a report on Monday, July 30th. Three analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $32.72.

TWTR stock traded up $0.99 during mid-day trading on Friday, reaching $27.99. The company had a trading volume of 27,059,890 shares, compared to its average volume of 29,355,658. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.00 and a current ratio of 11.00. The stock has a market capitalization of $21.57 billion, a price-to-earnings ratio of 466.50, a PEG ratio of 3.66 and a beta of 0.75. Twitter Inc has a one year low of $17.03 and a one year high of $47.79.

Twitter (NYSE:TWTR) last posted its earnings results on Friday, July 27th. The social networking company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $710.54 million for the quarter, compared to analysts’ expectations of $697.35 million. Twitter had a return on equity of 4.37% and a net margin of 8.57%. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. As a group, analysts predict that Twitter Inc will post 0.35 EPS for the current fiscal year.

In related news, CFO Ned D. Segal sold 6,000 shares of Twitter stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $28.89, for a total value of $173,340.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $42.75, for a total value of $29,165,845.50. Following the completion of the transaction, the director now directly owns 1,733,290 shares in the company, valued at approximately $74,098,147.50. The disclosure for this sale can be found here. Insiders have sold 4,143,751 shares of company stock worth $135,852,556 over the last three months. Corporate insiders own 6.62% of the company’s stock.

About Twitter

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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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