Twitter Inc. (TWTR) Stake Lessened by Lincoln National Corp

Lincoln National Corp trimmed its holdings in Twitter Inc. (NYSE:TWTR) by 30.7% during the first quarter, HoldingsChannel.com reports. The firm owned 20,993 shares of the social networking company’s stock after selling 9,307 shares during the quarter. Lincoln National Corp’s holdings in Twitter were worth $609,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Coatue Management LLC lifted its stake in shares of Twitter by 209.9% in the 4th quarter. Coatue Management LLC now owns 24,354,222 shares of the social networking company’s stock valued at $584,745,000 after purchasing an additional 16,496,725 shares during the period. Geode Capital Management LLC lifted its stake in shares of Twitter by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 4,984,462 shares of the social networking company’s stock valued at $119,602,000 after purchasing an additional 121,702 shares during the period. Key Square Capital Management LLC lifted its stake in shares of Twitter by 178.3% in the 4th quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock valued at $80,863,000 after purchasing an additional 2,157,882 shares during the period. Element Capital Management LLC acquired a new position in shares of Twitter in the 4th quarter valued at about $71,888,000. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Twitter by 24.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,927,737 shares of the social networking company’s stock valued at $70,295,000 after purchasing an additional 567,304 shares during the period. 60.65% of the stock is currently owned by institutional investors.

In other news, Director Evan Clark Williams sold 546,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $35.22, for a total value of $19,237,164.00. Following the completion of the transaction, the director now directly owns 2,147,751 shares of the company’s stock, valued at $75,643,790.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Matthew Derella sold 7,008 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $27.80, for a total value of $194,822.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,579,057 shares of company stock valued at $112,868,809. 6.62% of the stock is currently owned by corporate insiders.

Twitter opened at $33.63 on Tuesday, MarketBeat Ratings reports. The company has a market capitalization of $24.56 billion, a PE ratio of 560.50, a price-to-earnings-growth ratio of 4.08 and a beta of 0.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 10.23 and a quick ratio of 10.23. Twitter Inc. has a 12-month low of $15.67 and a 12-month high of $36.80.

Twitter (NYSE:TWTR) last released its earnings results on Wednesday, April 25th. The social networking company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.15. The company had revenue of $665.00 million during the quarter, compared to analyst estimates of $607.56 million. Twitter had a return on equity of 2.81% and a net margin of 0.57%. Twitter’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. analysts anticipate that Twitter Inc. will post 0.35 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on TWTR shares. Vetr downgraded Twitter from a “strong-buy” rating to a “buy” rating and set a $26.78 price target on the stock. in a research note on Monday, January 29th. Cascend Securities started coverage on Twitter in a research note on Wednesday, April 11th. They set a “buy” rating and a $36.00 price target on the stock. ValuEngine raised Twitter from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. MKM Partners raised Twitter from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, April 20th. Finally, Maxim Group raised Twitter from a “neutral” rating to a “buy” rating in a research note on Friday, April 20th. Five analysts have rated the stock with a sell rating, twenty-one have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.40.

Twitter Company 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.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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