CIBC Asset Management Inc lowered its position in shares of Twitter Inc (NYSE:TWTR) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,674 shares of the social networking company’s stock after selling 1,528 shares during the quarter. CIBC Asset Management Inc’s holdings in Twitter were worth $1,812,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Twitter by 7.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 97,473 shares of the social networking company’s stock worth $2,774,000 after purchasing an additional 7,173 shares during the last quarter. Strategy Asset Managers LLC purchased a new position in shares of Twitter in the 3rd quarter worth about $1,698,000. Private Advisor Group LLC raised its position in shares of Twitter by 143.1% in the 3rd quarter. Private Advisor Group LLC now owns 49,970 shares of the social networking company’s stock worth $1,422,000 after purchasing an additional 29,413 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Twitter by 3.3% in the 3rd quarter. Sterling Capital Management LLC now owns 54,218 shares of the social networking company’s stock worth $1,543,000 after purchasing an additional 1,745 shares during the last quarter. Finally, Emerald Advisers Inc. PA purchased a new position in shares of Twitter in the 3rd quarter worth about $370,000. 65.14% of the stock is owned by institutional investors and hedge funds.

In other Twitter news, insider Robert Kaiden sold 3,782 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $35.00, for a total transaction of $132,370.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ned D. Segal sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $30.44, for a total value of $182,640.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,174,995 shares of company stock valued at $127,400,778. Corporate insiders own 10.79% of the company’s stock.

Twitter stock opened at $34.08 on Friday. The stock has a market cap of $26.20 billion, a price-to-earnings ratio of 568.00, a PEG ratio of 3.53 and a beta of 0.32. Twitter Inc has a 52-week low of $19.73 and a 52-week high of $47.79. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.27.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.17. The business had revenue of $758.11 million during the quarter, compared to the consensus estimate of $703.57 million. Twitter had a return on equity of 6.75% and a net margin of 36.35%. On average, sell-side analysts expect that Twitter Inc will post 0.44 earnings per share for the current fiscal year.

TWTR has been the subject of several recent analyst reports. Zacks Investment Research lowered Twitter from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Goldman Sachs Group reaffirmed a “buy” rating and issued a $55.00 price target on shares of Twitter in a research report on Friday, July 27th. Nomura lifted their price target on Twitter from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, October 26th. Deutsche Bank lifted their price target on Twitter from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Finally, BMO Capital Markets lifted their price target on Twitter from $31.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $34.75.

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Twitter Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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