ING Groep NV Reduces Holdings in Twitter Inc (TWTR)

ING Groep NV decreased its position in shares of Twitter Inc (NYSE:TWTR) by 73.1% during the 4th quarter, Holdings Channel reports. The firm owned 8,924 shares of the social networking company’s stock after selling 24,216 shares during the quarter. ING Groep NV’s holdings in Twitter were worth $214,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Balentine LLC grew its holdings in shares of Twitter by 86.6% during the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after purchasing an additional 3,167 shares during the last quarter. Toronto Dominion Bank grew its holdings 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 worth $136,000 after purchasing an additional 1,333 shares during the last quarter. Telemus Capital LLC purchased a new position in shares of Twitter during the fourth quarter worth about $214,000. Malaga Cove Capital LLC purchased a new position in shares of Twitter during the third quarter worth about $154,000. Finally, Rockland Trust Co. purchased a new position in shares of Twitter during the fourth quarter worth about $219,000. 52.08% of the stock is currently owned by institutional investors.

In other news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $20.71, for a total transaction of $310,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Kaiden sold 3,930 shares of Twitter stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $20.62, for a total transaction of $81,036.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,206,211 shares of company stock valued at $76,385,443. Insiders own 9.18% of the company’s stock.

Shares of Twitter Inc (NYSE:TWTR) opened at $33.38 on Thursday. Twitter Inc has a 12-month low of $14.12 and a 12-month high of $35.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. The stock has a market cap of $24,790.00, a P/E ratio of -222.53, a PEG ratio of 9.96 and a beta of 1.14.

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

TWTR has been the topic of several research reports. Wells Fargo & Co raised their price objective on Twitter from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Tuesday, October 31st. Summit Redstone started coverage on shares of Twitter in a research note on Monday, December 18th. They set a “buy” rating and a $26.00 target price for the company. SunTrust Banks reiterated a “hold” rating and set a $18.00 target price (up previously from $16.00) on shares of Twitter in a research note on Friday, October 27th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upgraded shares of Twitter from a “sell” rating to a “hold” rating and increased their target price for the stock from $12.00 to $17.00 in a research note on Thursday, October 26th. Eight analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have assigned a buy rating to the stock. Twitter currently has an average rating of “Hold” and an average price target of $23.46.

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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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