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Lindbrook Capital LLC lifted its stake in Twitter, Inc. (NYSE:TWTR Get Rating) by 42.3% in the first quarter, HoldingsChannel.com reports. The firm owned 2,939 shares of the social networking companys stock after purchasing an additional 873 shares during the quarter. Lindbrook Capital LLCs holdings in Twitter were worth $114,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TWTR. Amplius Wealth Advisors LLC acquired a new stake in Twitter during the 4th quarter worth $31,000. Mizuho Securities Co. Ltd. grew its holdings in Twitter by 750.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 748 shares of the social networking companys stock worth $29,000 after acquiring an additional 660 shares during the period. Glassman Wealth Services grew its holdings in Twitter by 47.1% during the 1st quarter. Glassman Wealth Services now owns 803 shares of the social networking companys stock worth $31,000 after acquiring an additional 257 shares during the period. Concord Wealth Partners grew its holdings in Twitter by 238.1% during the 4th quarter. Concord Wealth Partners now owns 977 shares of the social networking companys stock worth $42,000 after acquiring an additional 688 shares during the period. Finally, Masso Torrence Wealth Management Inc. acquired a new stake in Twitter during the 4th quarter worth $42,000. 91.72% of the stock is owned by institutional investors and hedge funds.

Twitter stock opened at $38.23 on Monday. The firm has a market capitalization of $29.19 billion, a PE ratio of 166.22 and a beta of 0.59. The companys 50-day moving average is $41.42 and its 200-day moving average is $39.98. Twitter, Inc. has a fifty-two week low of $31.30 and a fifty-two week high of $73.34. The company has a debt-to-equity ratio of 0.89, a current ratio of 6.58 and a quick ratio of 6.58.

A number of analysts have commented on the stock. Argus lowered shares of Twitter from a buy rating to a hold rating in a report on Thursday, May 5th. Citigroup lifted their price target on shares of Twitter from $41.00 to $50.00 and gave the stock a neutral rating in a research report on Wednesday, April 20th. Loop Capital cut shares of Twitter from a buy rating to a hold rating in a research report on Monday, April 25th. Piper Sandler lifted their price target on shares of Twitter from $51.50 to $54.20 and gave the stock a neutral rating in a research report on Thursday, June 2nd. Finally, Wedbush reissued a neutral rating and set a $54.00 price target on shares of Twitter in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $48.91.

In related news, CAO Robert Kaiden sold 17,695 shares of the companys stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $50.50, for a total value of $893,597.50. Following the transaction, the chief accounting officer now owns 173,721 shares in the company, valued at approximately $8,772,910.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Ned D. Segal sold 5,000 shares of the companys stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of $47.14, for a total transaction of $235,700.00. Following the completion of the transaction, the chief financial officer now owns 522,129 shares in the company, valued at approximately $24,613,161.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 558,231 shares of company stock worth $21,390,076. 2.70% of the stock is owned by company insiders.

About Twitter (Get Rating)

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.

Further Reading

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Lindbrook Capital LLC Has $114000 Position in Twitter, Inc. (NYSE:TWTR) - Defense World