Twitter, Inc. (TWTR) Shares Sold by Stoneridge Investment Partners LLC
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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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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