Toronto Dominion Bank Grows Position in Twitter Inc (NYSE:TWTR)

Toronto Dominion Bank raised its holdings in Twitter Inc (NYSE:TWTR) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 500,112 shares of the social networking company’s stock after buying an additional 7,401 shares during the period. Toronto Dominion Bank owned about 0.07% of Twitter worth $14,370,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Atalanta Sosnoff Capital LLC bought a new stake in Twitter during the fourth quarter worth $17,581,000. Centre Asset Management LLC bought a new position in shares of Twitter in the 4th quarter valued at $7,243,000. MACRO Consulting Group bought a new position in shares of Twitter in the 4th quarter valued at $200,000. TD Asset Management Inc. lifted its stake in shares of Twitter by 4.2% in the 4th quarter. TD Asset Management Inc. now owns 239,410 shares of the social networking company’s stock valued at $6,880,000 after acquiring an additional 9,600 shares during the last quarter. Finally, Econ Financial Services Corp bought a new position in shares of Twitter in the 4th quarter valued at $229,000. Hedge funds and other institutional investors own 63.99% of the company’s stock.

TWTR stock opened at $30.04 on Friday. The stock has a market cap of $22.87 billion, a price-to-earnings ratio of 54.62, a P/E/G ratio of 2.84 and a beta of 0.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.69 and a quick ratio of 4.61. Twitter Inc has a 52-week low of $26.19 and a 52-week high of $47.79.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, February 7th. The social networking company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.15. The business had revenue of $908.84 million during the quarter, compared to the consensus estimate of $864.87 million. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The company’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. On average, analysts forecast that Twitter Inc will post 0.46 EPS for the current year.

A number of research analysts have recently commented on TWTR shares. Zacks Investment Research reiterated a “strong-buy” rating and issued a $37.00 price target on shares of Twitter in a research note on Saturday, November 17th. Vertical Group upgraded Twitter from a “hold” rating to a “buy” rating in a research note on Monday, January 28th. Wedbush reaffirmed a “neutral” rating on shares of Twitter in a research report on Monday, February 11th. Goldman Sachs Group reaffirmed a “buy” rating and set a $36.00 target price on shares of Twitter in a research report on Friday, February 8th. Finally, Bank of America raised Twitter from an “underperform” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Thursday, January 10th. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $35.33.

In other Twitter news, Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $30.83, for a total transaction of $21,033,520.86. Following the transaction, the director now owns 1,043,286 shares of the company’s stock, valued at approximately $32,164,507.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Kaiden sold 4,897 shares of Twitter stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $30.86, for a total transaction of $151,121.42. The disclosure for this sale can be found here. Insiders have sold a total of 2,854,903 shares of company stock valued at $91,162,841 in the last quarter. Company insiders own 6.62% of the company’s stock.

Twitter Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter 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.