Foundations Investment Advisors LLC Increases Stock Holdings in Twitter, Inc. (NYSE:TWTR)

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Foundations Investment Advisors LLC lifted its position in Twitter, Inc. (NYSE:TWTRGet Rating) by 48.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,881 shares of the social networking company’s stock after buying an additional 3,220 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Twitter were worth $378,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Twitter by 17.1% in the first quarter. Vanguard Group Inc. now owns 82,403,665 shares of the social networking company’s stock worth $3,188,198,000 after purchasing an additional 12,028,406 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Twitter by 1.4% in the first quarter. Clearbridge Investments LLC now owns 16,965,782 shares of the social networking company’s stock worth $656,406,000 after purchasing an additional 232,277 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Twitter by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 14,314,021 shares of the social networking company’s stock worth $617,134,000 after purchasing an additional 378,646 shares during the last quarter. Norges Bank bought a new position in shares of Twitter in the fourth quarter worth approximately $313,565,000. Finally, SRS Investment Management LLC increased its position in shares of Twitter by 39.6% in the first quarter. SRS Investment Management LLC now owns 7,155,661 shares of the social networking company’s stock worth $276,853,000 after purchasing an additional 2,029,401 shares during the last quarter. 72.10% of the stock is owned by hedge funds and other institutional investors.

Twitter Price Performance

Shares of NYSE TWTR opened at $41.45 on Friday. Twitter, Inc. has a 1 year low of $31.30 and a 1 year high of $68.41. The firm has a 50-day moving average of $40.65 and a 200 day moving average of $40.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 7.15 and a quick ratio of 7.15.

Twitter (NYSE:TWTRGet Rating) last issued its quarterly earnings results on Friday, July 22nd. The social networking company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.31). Twitter had a negative net margin of 2.14% and a negative return on equity of 0.82%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business earned $0.04 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. Research analysts anticipate that Twitter, Inc. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wedbush increased their price target on shares of Twitter from $30.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, August 10th. Cowen reduced their price target on shares of Twitter from $38.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday, July 25th. Jefferies Financial Group set a $40.00 price target on shares of Twitter in a research report on Monday, July 11th. Stifel Nicolaus reduced their price target on shares of Twitter from $54.20 to $30.00 and set a “hold” rating on the stock in a research report on Monday, July 11th. Finally, Moffett Nathanson reduced their price target on shares of Twitter to $34.00 in a research report on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Twitter presently has an average rating of “Hold” and a consensus target price of $44.27.

Insider Activity at Twitter

In related news, insider Nick V. Caldwell sold 10,921 shares of Twitter stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $38.38, for a total transaction of $419,147.98. Following the completion of the transaction, the insider now directly owns 374,468 shares of the company’s stock, valued at approximately $14,372,081.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Twitter news, CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $42.80, for a total value of $214,000.00. Following the completion of the transaction, the chief financial officer now directly owns 688,333 shares of the company’s stock, valued at $29,460,652.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nick V. Caldwell sold 10,921 shares of Twitter stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $38.38, for a total transaction of $419,147.98. Following the completion of the transaction, the insider now directly owns 374,468 shares of the company’s stock, valued at $14,372,081.84. The disclosure for this sale can be found here. Insiders sold a total of 35,799 shares of company stock valued at $1,408,285 in the last three months. Company insiders own 2.70% of the company’s stock.

Twitter Profile

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Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company’s primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.

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