Stonebridge Capital Advisors LLC Has $444,000 Position in Twitter, Inc. (TWTR)
Stonebridge Capital Advisors LLC lessened its position in shares of Twitter, Inc. (NYSE:TWTR) by 6.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,826 shares of the social networking company’s stock after selling 1,575 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Twitter were worth $444,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TWTR. Gilder Gagnon Howe & Co. LLC raised its stake in Twitter by 112.3% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock worth $157,000 after buying an additional 4,645 shares during the last quarter. Federated Investors Inc. PA bought a new position in Twitter during the second quarter worth $174,000. NEXT Financial Group Inc raised its stake in Twitter by 6.3% during the second quarter. NEXT Financial Group Inc now owns 11,030 shares of the social networking company’s stock worth $197,000 after buying an additional 650 shares during the last quarter. Pacer Advisors Inc. raised its stake in Twitter by 3.3% during the first quarter. Pacer Advisors Inc. now owns 14,272 shares of the social networking company’s stock worth $213,000 after buying an additional 456 shares during the last quarter. Finally, Fiera Capital Corp bought a new position in Twitter during the second quarter worth $213,000. 49.14% of the stock is owned by institutional investors and hedge funds.
In other news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $17.66, for a total transaction of $264,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Evan Clark Williams sold 9,845 shares of Twitter stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $17.02, for a total transaction of $167,561.90. Following the sale, the director now owns 2,636,518 shares in the company, valued at approximately $44,873,536.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,231,100 shares of company stock worth $40,370,286. 9.18% of the stock is owned by company insiders.
A number of equities analysts recently weighed in on TWTR shares. Vetr downgraded shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $19.22 target price for the company. in a research note on Wednesday, June 21st. BidaskClub raised shares of Twitter from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $20.00 target price on shares of Twitter in a research note on Sunday, July 30th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, August 2nd. Finally, Pivotal Research reissued a “hold” rating and set a $17.00 target price (up previously from $15.00) on shares of Twitter in a research note on Monday, July 17th. Sixteen research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $15.44.
Twitter, Inc. (NYSE TWTR) traded up 0.775% during mid-day trading on Wednesday, reaching $17.545. 3,117,826 shares of the company were exchanged. Twitter, Inc. has a one year low of $14.12 and a one year high of $20.88. The stock’s market capitalization is $12.95 billion. The stock has a 50 day moving average of $17.31 and a 200-day moving average of $17.19.
Twitter (NYSE:TWTR) last released its earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The company had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $536.63 million. During the same quarter last year, the business earned $0.13 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, equities analysts expect that Twitter, Inc. will post $0.33 earnings per share for the current fiscal year.
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.
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