Economy

Twitter, Inc. (TWTR) Shares Bought by First Trust Advisors LP

(NYSE:TWTR), with 0 analysts believing it is a strong buy. Twitter presently has a consensus rating of Hold and a consensus target price of $16.40.

A number of other equities research analysts also recently commented on the company. Canaccord Genuity restated a hold rating and issued a $15.00 price target on shares of Twitter in a research note on Monday, July 24th. (The) set a $26.00 target price on Twitter and gave the stock a "buy" rating in a report on Friday. Morgan Stanley restated an underweight rating and issued a $10.00 price target on shares of Twitter in a research note on Saturday, July 22nd. Vetr upgraded Twitter from a "buy" rating to a "strong-buy" rating and set a $20.69 target price on the stock in a research report on Monday, August 29th.

Analysts believe that the company has the potential to earn average revenue of $686.78 Million for the current quarter. (NASDAQ:TWTR), 1 rate it "Buy", 2 "Outperform", 21 "Underperform", 9 "Sell", while 5 "Hold". The stock was sold at an average price of $16.07, for a total transaction of $241,050.00.

Shares of Twitter (NYSE:TWTR) opened at 17.79 on Wednesday. If, for instance, a stock's volumes suddenly increase by a significant amount, it's usually a sign that the level of conviction behind the trade is high. The firm's market cap is $14.75 billion. The firm's 50-day moving average is $19.88 and its 200-day moving average is $17.39. Additionally, Twitter's revenue landed at the high end of implied revenue outlook calling for a range between $500 to $600 million.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th.

For the current quarter, 31 analysts are projecting a mean EPS of $0.1/share.

Twitter, Inc. (NYSE:TWTR) gross margin percentage stands at 60.7% while its operating margin for the past trailing twelve month is -12.2 percent and its overall profit margin (ttm) is -18.2 Percent. The firm had revenue of $602 million for the quarter, compared to analyst estimates of $606.37 million.

They expect $-0.03 EPS, up 233.33% or $0.07 from last year's $-0.1 per share.

During the quarter, average monthly active users (MAU) totaled 330 million for the quarter, up about 4% from past year, and compared to 326 million in the previous quarter.

Twitter, Inc. (NYSE:TWTR) received a Buy rating from 0 analysts. Commerce Of Vermont invested 0% in Twitter Inc (NYSE:TWTR). If you are viewing this news story on another website, it was stolen and republished in violation of USA & global copyright & trademark laws. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $17.95, for a total value of $7,343,614.25. The disclosure for this sale can be found here. PNC Financial Services Group Inc. now owns 30,576 shares of the social networking company's stock valued at $457,000 after acquiring an additional 1,745 shares in the last quarter.

The company now has an insider ownership of 0.9 Percent and Institutional ownership of 51.1 Percent. Exane Derivatives raised its stake in Twitter by 18.7% in the 3rd quarter. LLC now owns 8,781 shares of the social networking company's stock valued at $157,000 after acquiring an additional 4,645 shares in the last quarter. Nordea Investment Management AB raised its stake in Twitter by 2.3% in the 2nd quarter. ClearBridge Advisors, LLC is the second biggest holder with 37 million shares now valued at 660.70 million whilst Morgan Stanley Investment Management Inc has 25 million shares valued at 454.85 million. Finally, Contrarius Investment Management Ltd raised its stake in shares of Twitter by 17.4% during the 2nd quarter.

First Trust Advisors LP raised its position in Twitter, Inc. Hills Bank & Trust Co. now owns 13,330 shares of the social networking company's stock valued at $238,000 after acquiring an additional 595 shares during the period. Allen Investment Management LLC purchased a new position in shares of Twitter during the 2nd quarter valued at about $7,169,000. The Manufacturers Life Insurance Company now owns 4,459,480 shares of the social networking company's stock valued at $79,691,000 after acquiring an additional 463,363 shares during the last quarter.



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