Traders Sell Shares of Twitter (TWTR) on Strength (TWTR)

The firm set a "buy" rating and a $26.00 price target on the social networking company's stock. (NYSE:TWTR). Carl Domino reported 11,000 shares stake. Robert W. Baird reissued a "hold" rating and issued a $17.00 price objective on shares of Twitter in a report on Friday, September 1st. Jefferies Group restated a "hold" rating and issued a $16.00 price target on shares of Twitter in a report on Thursday, September 28th. Canaccord Genuity maintained the stock with "Hold" rating in Friday, October 27 report. They noted that the move was a valuation call. Argus upgraded shares of Twitter from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $19.71 to $25.00 in a research note on Friday, November 3rd. Twelve analysts have rated the stock with a sell rating, twenty have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. With a loss potential of 18%, the stock's consensus target price stands at $20.90. Twitter, Inc. (NYSE:TWTR) has risen 29.68% since January 12, 2017 and is uptrending. About 37.05M shares traded or 89.68% up from the average. The firm has a market cap of $18,870.00, a PE ratio of -49.82, a P/E/G ratio of 11.70 and a beta of 1.11. Twitter has a 52 week low of $13.73 and a 52 week high of $25.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 26th. The company had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The business's quarterly revenue was down 4.2% on a year-over-year basis. research analysts anticipate that Twitter will post 0.02 EPS for the current year. After having $0.02 EPS previously, Twitter, Inc.'s analysts see 200.00 % EPS growth. Also, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $18.19, for a total transaction of $272,850.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Also, insider Robert Kaiden sold 1,186 shares of the business's stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $21.06, for a total value of $42,126,318.00. The disclosure for this sale can be found here. Insiders have sold 5,317,365 shares of company stock valued at $113,170,704 in the last ninety days. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Balentine LLC boosted its position in shares of Twitter by 86.6% during the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company's stock worth $115,000 after acquiring an additional 3,167 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company's stock valued at $136,000 after purchasing an additional 1,333 shares in the last quarter. Staley Capital Advisers Inc. acquired a new position in shares of Twitter in the 3rd quarter valued at about $173,000.

Twitter Inc shares rose $0.39 (+1.60%) in premarket trading Friday.

Rockland Trust Co. bought a new stake in Twitter Inc (NYSE:TWTR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. If you are viewing this news story on another site, it was copied illegally and republished in violation of worldwide trademark & copyright laws. The firm offers various services and products, including Twitter that allows users to create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others. It also provides promoted services and products, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services. Its Twitter is a platform for public self-expression and conversation in real time.