Twitter Inc (TWTR) Holdings Cut by Cwm LLC

Cwm LLC lessened its position in Twitter Inc (NYSE:TWTR) by 22.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 92,587 shares of the social networking company’s stock after selling 27,245 shares during the period. Cwm LLC’s holdings in Twitter were worth $2,223,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Bristol Advisors LLC bought a new stake in Twitter in the 4th quarter worth $1,801,000. Rockland Trust Co. bought a new stake in shares of Twitter during the 4th quarter valued at about $219,000. Deane Retirement Strategies Inc. bought a new stake in shares of Twitter during the 4th quarter valued at about $2,257,000. DnB Asset Management AS boosted its stake in shares of Twitter by 20.5% during the 4th quarter. DnB Asset Management AS now owns 66,500 shares of the social networking company’s stock valued at $1,597,000 after purchasing an additional 11,300 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Twitter during the 3rd quarter valued at about $200,000. 50.69% of the stock is currently owned by institutional investors and hedge funds.

Twitter Inc (TWTR) opened at $24.56 on Thursday. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. The stock has a market cap of $18,240.00, a PE ratio of -48.16, a price-to-earnings-growth ratio of 11.08 and a beta of 1.11. Twitter Inc has a twelve month low of $14.12 and a twelve month high of $25.85.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. sell-side analysts predict that Twitter Inc will post 0.02 EPS for the current fiscal year.

In other Twitter news, Director Evan Clark Williams sold 2,000,300 shares of Twitter stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $21.06, for a total value of $42,126,318.00. Following the completion of the transaction, the director now directly owns 2,530,241 shares of the company’s stock, valued at $53,286,875.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Kaiden sold 5,926 shares of Twitter stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $19.51, for a total transaction of $115,616.26. The disclosure for this sale can be found here. Insiders sold 5,320,712 shares of company stock valued at $113,341,301 over the last ninety days. Corporate insiders own 9.18% of the company’s stock.

A number of equities research analysts have recently weighed in on TWTR shares. Jefferies Group reaffirmed a “hold” rating and set a $16.00 target price on shares of Twitter in a research note on Thursday, September 28th. BidaskClub lowered shares of Twitter from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 target price on shares of Twitter in a research note on Monday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of Twitter in a research note on Wednesday, October 4th. Finally, Vetr lowered shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 target price on the stock. in a research note on Wednesday, October 4th. Ten analysts have rated the stock with a sell rating, twenty have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.62.

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About Twitter

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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