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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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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