Capital Bank & Trust Co Increases Holdings in Twitter Inc (NYSE:TWTR) – Redmond Register
Capital Bank & Trust Co increased its holdings in shares of Twitter Inc (NYSE:TWTR) by 2,420.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,260 shares of the social networking companys stock after purchasing an additional 1,210 shares during the period. Capital Bank & Trust Cos holdings in Twitter were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the stock. First Trust Advisors LP boosted its position in Twitter by 25.1% during the 4th quarter. First Trust Advisors LP now owns 8,617,035 shares of the social networking companys stock worth $276,176,000 after purchasing an additional 1,727,024 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in Twitter by 110.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 5,037,045 shares of the social networking companys stock worth $161,437,000 after buying an additional 2,638,029 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Twitter by 4.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,911,129 shares of the social networking companys stock worth $157,402,000 after buying an additional 195,594 shares in the last quarter. ARK Investment Management LLC lifted its holdings in Twitter by 97.0% in the 4th quarter. ARK Investment Management LLC now owns 2,947,892 shares of the social networking companys stock worth $94,480,000 after buying an additional 1,451,656 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in Twitter by 4.1% in the 4th quarter. Raymond James & Associates now owns 2,758,312 shares of the social networking companys stock worth $88,404,000 after buying an additional 107,552 shares in the last quarter. 71.82% of the stock is owned by hedge funds and other institutional investors.
In other Twitter news, insider Michael Montano sold 1,750 shares of the companys stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $38.80, for a total value of $67,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Fox Martha Lane sold 3,125 shares of the companys stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.05, for a total transaction of $100,156.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 262,434 shares of company stock valued at $9,406,337. 2.65% of the stock is owned by insiders.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, February 6th. The social networking company reported $0.15 earnings per share for the quarter, missing analysts consensus estimates of $0.19 by ($0.04). Twitter had a net margin of 42.37% and a return on equity of 4.87%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $994.89 million. During the same period in the prior year, the company earned $0.31 EPS. Twitters quarterly revenue was up 10.8% on a year-over-year basis. As a group, research analysts forecast that Twitter Inc will post 0.43 EPS for the current fiscal year.
TWTR has been the topic of a number of recent analyst reports. Deutsche Bank boosted their price objective on shares of Twitter from $30.00 to $35.00 and gave the stock a hold rating in a report on Tuesday, February 4th. Stifel Nicolaus reiterated a hold rating and issued a $35.00 price objective on shares of Twitter in a report on Monday, March 9th. Oppenheimer boosted their price objective on shares of Twitter from $38.00 to $44.00 and gave the stock an outperform rating in a report on Friday, February 7th. Canaccord Genuity boosted their price objective on shares of Twitter from $35.00 to $40.00 and gave the stock a hold rating in a report on Friday, February 7th. Finally, Guggenheim lowered shares of Twitter from a buy rating to a neutral rating and boosted their price objective for the stock from $34.00 to $36.00 in a report on Friday, February 7th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $36.21.
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, 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.
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Capital Bank & Trust Co Increases Holdings in Twitter Inc (NYSE:TWTR) - Redmond Register