Harbor Investment Advisory LLC reduced its position in shares of Twitter, Inc. (NYSE:TWTR – Get Rating ) by 32.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,319 shares of the social networking company’s stock after selling 645 shares during the period. Harbor Investment Advisory LLC’s holdings in Twitter were worth $51,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in TWTR. Tudor Investment Corp Et Al bought a new stake in shares of Twitter during the third quarter valued at $3,004,000. DNB Asset Management AS boosted its holdings in Twitter by 6.8% in the fourth quarter. DNB Asset Management AS now owns 117,193 shares of the social networking company’s stock valued at $5,065,000 after buying an additional 7,432 shares during the last quarter. Gradient Investments LLC boosted its holdings in Twitter by 28.8% during the fourth quarter. Gradient Investments LLC now owns 1,541 shares of the social networking company’s stock valued at $67,000 after buying an additional 345 shares during the last quarter. Stonnington Group LLC boosted its holdings in Twitter by 187.5% in the fourth quarter. Stonnington Group LLC now owns 16,100 shares of the social networking company’s stock valued at $655,000 after buying an additional 10,500 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Twitter by 44,184.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 75,727 shares of the social networking company’s stock valued at $3,273,000 after buying an additional 75,556 shares in the last quarter. Institutional investors and hedge funds own 91.72% of the company’s shares.
In related news, major shareholder H RH Prince Alwaleed Bin Saud acquired 490,000 shares of the company’s stock in a transaction on Friday, May 13th. The stock was bought at an average price of $40.73 per share, for a total transaction of $19,957,700.00. Following the completion of the purchase, the insider now directly owns 30,590,078 shares of the company’s stock, valued at approximately $1,245,933,876.94. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Also, CFO Ned D. Segal sold 5,000 shares of the stock in a transaction on Tuesday, April 12th. The shares were sold at an average price of $47.14, for a total value of $235,700.00. Following the transaction, the chief financial officer now owns 522,129 shares of the company’s stock, valued at $24,613,161.06. Disclosure of this sale can be found here. Insiders sold 558,231 shares of company stock valued at $21,390,076 in the last quarter. Corporate insiders own 2.70% of the company’s shares.
Several equities analysts have weighed in on TWTR shares. Citigroup boosted their target price on Twitter from $41.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, April 20th. Mizuho upped their target price on Twitter from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, April 26th. Rosenblatt Securities reduced their target price on Twitter from $54.20 to $33.00 and set a “neutral” rating on the stock in a report on Tuesday, June 21st. Wedbush restated a “neutral” rating and issued a $54.00 target price on shares of Twitter in a research note on Wednesday, June 29th. Finally, Loop Capital downgraded Twitter from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. Two investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and six have issued a buy rating to the stock. Twitter currently has a consensus rating of “Hold” and a consensus target price of $48.91, according to MarketBeat.com.
Shares of NYSE TWTR opened at $38.23 on Monday. The business has a fifty day simple moving average of $41.42 and a 200 day simple moving average of $39.98. The company has a current ratio of 6.58, a quick ratio of 6.58, and a debt-to-equity ratio of 0.89. The firm has a market cap of $29.19 billion, a price-to-earnings ratio of 166.22 and a beta of 0.59. Twitter, Inc. has a one year low of $31.30 and a one year high of $73.34.
Twitter (NYSE:TWTR – Get Rating ) last posted its quarterly earnings data on Thursday, April 28th. The social networking company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.96. Twitter has a return on equity of 3.77% and a net margin of 4.27%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ estimates of $1.23 billion. In the same period last year, the company reported $0.06 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, research analysts expect Twitter, Inc. to post 0.79 earnings per share for the current fiscal year.
About Twitter (Get Rating)
Twitter, Inc operates as a platform for public self-expression and real-time conversations. The company’s core product is Twitter, a platform that allows users to consume, create, distribute and discover content. It also provides Promoted Products that allow advertisers to promote brands, products, and services, as well as allow advertisers to target audiences based on a variety of factors, including who an account follows and actions taken on its platform, such as Tweets created and Tweet engagement.
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