Ngam Advisors L.P. reduced its position in Twitter Inc. (NYSE:TWTR) by 5.9% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 313,368 shares of the social networking company’s stock after selling 19,608 shares during the period. Ngam Advisors L.P.’s holdings in Twitter were worth $7,223,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TWTR. US Bancorp DE boosted its position in Twitter by 0.6% in the third quarter. US Bancorp DE now owns 12,010 shares of the social networking company’s stock valued at $277,000 after buying an additional 72 shares during the last quarter. Buckingham Asset Management LLC boosted its position in Twitter by 1.0% in the second quarter. Buckingham Asset Management LLC now owns 11,780 shares of the social networking company’s stock valued at $199,000 after buying an additional 118 shares during the last quarter. Hartford Investment Management Co. boosted its position in Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock valued at $174,000 after buying an additional 192 shares during the last quarter. Highland Capital Management LLC boosted its position in Twitter by 1.1% in the third quarter. Highland Capital Management LLC now owns 24,140 shares of the social networking company’s stock valued at $556,000 after buying an additional 266 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in Twitter by 1.7% in the second quarter. Toronto Dominion Bank now owns 17,069 shares of the social networking company’s stock valued at $289,000 after buying an additional 284 shares during the last quarter. Institutional investors and hedge funds own 44.28% of the company’s stock.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

Twitter Inc. (NYSE:TWTR) traded up 1.54% during mid-day trading on Wednesday, hitting $18.47. The stock had a trading volume of 16,727,356 shares. The firm’s market cap is $13.08 billion. Twitter Inc. has a 52 week low of $13.73 and a 52 week high of $26.25. The company’s 50 day moving average price is $17.97 and its 200 day moving average price is $17.85.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 27th. The social networking company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.28. Twitter had a negative return on equity of 5.18% and a negative net margin of 15.06%. The business earned $616 million during the quarter, compared to the consensus estimate of $606.40 million. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Analysts anticipate that Twitter Inc. will post $0.52 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Ngam Advisors L.P. Has $7,223,000 Stake in Twitter Inc. (TWTR)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international trademark and copyright law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2016/11/30/ngam-advisors-l-p-has-7223000-stake-in-twitter-inc-twtr.html.

Several equities research analysts have recently weighed in on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a $22.00 target price on shares of Twitter in a report on Wednesday, October 12th. Evercore ISI reaffirmed a “hold” rating and issued a $17.00 target price on shares of Twitter in a report on Saturday, October 29th. RBC Capital Markets reaffirmed an “underperform” rating and issued a $14.00 target price on shares of Twitter in a report on Friday, October 28th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Twitter in a report on Friday, August 19th. Finally, SunTrust Banks Inc. reaffirmed a “hold” rating and issued a $18.00 target price on shares of Twitter in a report on Wednesday, October 26th. Ten investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.43.

In other Twitter news, insider Adam Messinger sold 52,187 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $17.58, for a total value of $917,447.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Kaiden sold 5,808 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $17.99, for a total value of $104,485.92. The disclosure for this sale can be found here. 10.79% of the stock is owned by company insiders.

About Twitter

Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.

5 Day Chart for NYSE:TWTR

Receive News & Stock Ratings for Twitter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc. and related stocks with our FREE daily email newsletter.