TCW Group Inc. Lowers Position in Twitter Inc (TWTR)

TCW Group Inc. decreased its position in Twitter Inc (NYSE:TWTR) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 924,942 shares of the social networking company’s stock after selling 5,410 shares during the period. TCW Group Inc. owned 0.12% of Twitter worth $22,208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TWTR. SG Americas Securities LLC lifted its holdings in Twitter by 18,701.9% during the fourth quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock worth $58,081,000 after buying an additional 2,406,186 shares during the period. Cambiar Investors LLC purchased a new stake in Twitter during the fourth quarter worth $53,753,000. Amerigo Asset Management lifted its holdings in Twitter by 46.2% during the third quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock worth $115,997,000 after buying an additional 2,172,000 shares during the period. Key Square Capital Management LLC lifted its holdings in Twitter by 178.3% during the fourth quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock worth $80,863,000 after buying an additional 2,157,882 shares during the period. Finally, Pictet Asset Management Ltd. lifted its holdings in Twitter by 99.6% during the third quarter. Pictet Asset Management Ltd. now owns 3,551,209 shares of the social networking company’s stock worth $59,909,000 after buying an additional 1,771,623 shares during the period. Hedge funds and other institutional investors own 52.08% of the company’s stock.

A number of analysts have weighed in on TWTR shares. BidaskClub lowered Twitter from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Wedbush set a $16.00 target price on Twitter and gave the stock a “hold” rating in a report on Monday, October 23rd. Cantor Fitzgerald restated a “hold” rating and set a $16.00 target price on shares of Twitter in a report on Monday, October 23rd. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 target price for the company in a report on Monday, October 23rd. Finally, Zacks Investment Research upgraded Twitter from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Eight research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $23.46.

Twitter Inc (NYSE TWTR) opened at $33.15 on Tuesday. 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 Inc has a 12-month low of $14.12 and a 12-month high of $35.00. The stock has a market capitalization of $24,560.00, a price-to-earnings ratio of -220.40, a P/E/G ratio of 9.96 and a beta of 1.14.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. Twitter had a positive return on equity of 0.79% and a negative net margin of 4.42%. The firm had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. During the same period in the prior year, the firm earned $0.11 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. research analysts predict that Twitter Inc will post 0.15 earnings per share for the current year.

In other Twitter news, insider Robert Kaiden sold 6,018 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $26.17, for a total transaction of $157,491.06. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Evan Clark Williams sold 1,982,985 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $21.12, for a total value of $41,880,643.20. Following the sale, the director now directly owns 2,401,747 shares in the company, valued at $50,724,896.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,660,011 shares of company stock worth $58,164,211. 9.18% of the stock is owned by insiders.

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Twitter Company Profile

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.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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