Alps Advisors Inc. Sells 6,080 Shares of Twitter, Inc. (TWTR)
Alps Advisors Inc. lowered its position in shares of Twitter, Inc. (NYSE:TWTR) by 32.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,481 shares of the social networking company’s stock after selling 6,080 shares during the period. Alps Advisors Inc.’s holdings in Twitter were worth $211,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its position in shares of Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after acquiring an additional 1,333 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its position in Twitter by 112.3% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock valued at $157,000 after buying an additional 4,645 shares in the last quarter. Federated Investors Inc. PA bought a new position in Twitter in the 2nd quarter valued at about $174,000. Berkshire Asset Management LLC PA bought a new position in Twitter in the 3rd quarter valued at about $184,000. Finally, New Jersey Better Educational Savings Trust bought a new position in Twitter in the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 49.75% of the company’s stock.
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Twitter, Inc. (TWTR) opened at $22.27 on Thursday. Twitter, Inc. has a 12-month low of $14.12 and a 12-month high of $22.40. 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 issued 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. The firm had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. Twitter’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share. research analysts predict that Twitter, Inc. will post 0.02 EPS for the current fiscal year.
TWTR has been the subject of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) set a $26.00 target price on shares of Twitter and gave the company a “buy” rating in a research report on Friday, October 27th. Vetr lowered shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 target price for the company. in a research report on Wednesday, October 4th. Susquehanna Bancshares Inc increased their target price on shares of Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Morgan Stanley reiterated an “underweight” rating and issued a $10.00 target price on shares of Twitter in a research report on Monday, October 2nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $17.00 target price on shares of Twitter in a research report on Friday, September 1st. Twelve analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Twitter currently has an average rating of “Hold” and an average price target of $17.70.
In related news, Director Evan Clark Williams sold 127,427 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $16.67, for a total value of $2,124,208.09. Following the completion of the transaction, the director now directly owns 2,692,230 shares of the company’s stock, valued at $44,879,474.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert Kaiden sold 3,695 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $16.78, for a total value of $62,002.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,162,272 shares of company stock valued at $82,028,316. 10.79% of the stock is owned by company insiders.
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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