Stoneridge Investment Partners LLC trimmed its holdings in Twitter, Inc. (NYSE:TWTR) by 17.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 313,140 shares of the social networking company’s stock after selling 66,607 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Twitter were worth $5,283,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Twitter by 200.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,000 shares of the social networking company’s stock valued at $202,000 after buying an additional 8,000 shares during the last quarter. State of Wisconsin Investment Board increased its position in Twitter by 14.5% in the third quarter. State of Wisconsin Investment Board now owns 826,450 shares of the social networking company’s stock worth $13,942,000 after purchasing an additional 104,879 shares during the period. Ray Gerald L & Associates Ltd. increased its position in Twitter by 14.8% in the third quarter. Ray Gerald L & Associates Ltd. now owns 61,530 shares of the social networking company’s stock worth $1,038,000 after purchasing an additional 7,920 shares during the period. Berkshire Asset Management LLC PA acquired a new stake in Twitter in the third quarter worth about $184,000. Finally, Canada Pension Plan Investment Board increased its position in Twitter by 12.3% in the third quarter. Canada Pension Plan Investment Board now owns 569,252 shares of the social networking company’s stock worth $9,603,000 after purchasing an additional 62,242 shares during the period. 49.68% of the stock is owned by institutional investors and hedge funds.

In other Twitter news, CAO Robert Kaiden sold 6,574 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $20.59, for a total value of $135,358.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $16.07, for a total value of $241,050.00. The disclosure for this sale can be found here. Insiders have sold 3,753,819 shares of company stock valued at $72,690,993 in the last ninety days. 9.18% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on TWTR shares. SunTrust Banks, Inc. restated a “hold” rating and set a $18.00 target price (up from $16.00) on shares of Twitter in a research report on Friday, October 27th. They noted that the move was a valuation call. MKM Partners restated a “neutral” rating and set a $18.00 target price (up from $16.00) on shares of Twitter in a research report on Thursday, August 10th. Canaccord Genuity boosted their target price on Twitter from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Citigroup Inc. upgraded Twitter from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $19.90 to $20.00 in a research report on Monday. Finally, Cowen and Company restated an “underperform” rating and set a $14.00 target price (up from $12.00) on shares of Twitter in a research report on Friday, July 28th. Twelve investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.67.

Twitter, Inc. (NYSE TWTR) traded down $0.51 during midday trading on Tuesday, reaching $19.39. The company had a trading volume of 24,893,040 shares, compared to its average volume of 20,410,000. Twitter, Inc. has a fifty-two week low of $14.12 and a fifty-two week high of $21.96. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The business had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $586.22 million. During the same quarter last year, the firm posted $0.09 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. research analysts predict that Twitter, Inc. will post 0.02 EPS for the current fiscal year.

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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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