Jacobs & Co. CA cut its position in shares of Twitter, Inc. (NYSE:TWTR) by 26.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,467 shares of the social networking company’s stock after selling 9,258 shares during the period. Jacobs & Co. CA’s holdings in Twitter were worth $455,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nwam LLC raised its position in shares of Twitter by 0.4% in the first quarter. Nwam LLC now owns 12,573 shares of the social networking company’s stock valued at $188,000 after buying an additional 50 shares during the last quarter. Intl Fcstone Inc. raised its position in Twitter by 1.0% in the first quarter. Intl Fcstone Inc. now owns 13,552 shares of the social networking company’s stock valued at $221,000 after buying an additional 136 shares during the last quarter. Nordea Investment Management AB raised its position in Twitter by 1.4% in the first quarter. Nordea Investment Management AB now owns 18,605 shares of the social networking company’s stock valued at $278,000 after buying an additional 257 shares during the last quarter. Atria Investments LLC raised its position in Twitter by 2.6% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company’s stock valued at $156,000 after buying an additional 268 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Twitter by 3.3% in the first quarter. Pacer Advisors Inc. now owns 14,272 shares of the social networking company’s stock valued at $213,000 after buying an additional 456 shares during the last quarter. Institutional investors own 47.02% of the company’s stock.

Shares of Twitter, Inc. (TWTR) opened at 16.40 on Tuesday. The company’s market capitalization is $11.97 billion. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $25.25. The stock’s 50 day moving average price is $18.23 and its 200-day moving average price is $16.92.

Twitter (NYSE:TWTR) last posted its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The firm had revenue of $574 million for the quarter, compared to the consensus estimate of $536.63 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts expect that Twitter, Inc. will post $0.34 earnings per share for the current year.

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TWTR has been the subject of several recent research reports. Aegis reissued a “sell” rating and set a $12.00 price target on shares of Twitter in a research report on Thursday, April 13th. Barclays PLC reaffirmed an “underweight” rating and issued a $14.00 price objective on shares of Twitter in a report on Monday, April 17th. BMO Capital Markets reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Twitter in a report on Monday, April 17th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Twitter in a report on Tuesday, April 18th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Twitter in a report on Monday, April 24th. Sixteen analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.50.

In related news, insider Robert Kaiden sold 2,815 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $18.37, for a total value of $51,711.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $17.46, for a total value of $261,900.00. The disclosure for this sale can be found here. Insiders sold 2,749,473 shares of company stock worth $50,829,693 in the last quarter. 9.18% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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