GSA Capital Partners LLP Sells 44,071 Shares of Twitter, Inc. (TWTR)
GSA Capital Partners LLP lowered its position in shares of Twitter, Inc. (NYSE:TWTR) by 72.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,730 shares of the social networking company’s stock after selling 44,071 shares during the quarter. GSA Capital Partners LLP’s holdings in Twitter were worth $299,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Clearbridge Investments LLC lifted its position in Twitter by 17.8% during the first quarter. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company’s stock valued at $550,249,000 after buying an additional 5,561,940 shares during the period. First Trust Advisors LP lifted its position in Twitter by 10.8% during the second quarter. First Trust Advisors LP now owns 7,248,583 shares of the social networking company’s stock valued at $129,532,000 after buying an additional 705,208 shares during the period. Contrarius Investment Management Ltd lifted its position in Twitter by 17.4% during the second quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock valued at $99,233,000 after buying an additional 822,455 shares during the period. Legal & General Group Plc lifted its position in Twitter by 2.3% during the second quarter. Legal & General Group Plc now owns 2,658,320 shares of the social networking company’s stock valued at $47,504,000 after buying an additional 59,998 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its position in Twitter by 17.5% during the second quarter. TIAA CREF Investment Management LLC now owns 2,278,641 shares of the social networking company’s stock valued at $40,719,000 after buying an additional 338,801 shares during the period. 49.14% of the stock is owned by institutional investors and hedge funds.
TWTR has been the subject of several recent research reports. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $19.22 price objective for the company. in a research report on Wednesday, June 21st. BidaskClub raised Twitter from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Robert W. Baird reissued a “neutral” rating on shares of Twitter in a research report on Monday, July 3rd. J P Morgan Chase & Co reissued a “neutral” rating and set a $15.00 price objective on shares of Twitter in a research report on Sunday, July 9th. Finally, Pivotal Research raised their price objective on Twitter from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Tuesday, July 11th. Sixteen analysts have rated the stock with a sell rating, twenty-two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Twitter currently has a consensus rating of “Hold” and a consensus target price of $15.44.
In related news, Director Evan Clark Williams sold 273,300 shares of Twitter stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $16.16, for a total transaction of $4,416,528.00. Following the transaction, the director now owns 2,710,576 shares in the company, valued at $43,802,908.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $17.66, for a total value of $264,900.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,744,445 shares of company stock worth $30,358,927. 9.18% of the stock is currently owned by company insiders.
Twitter, Inc. (NYSE:TWTR) opened at 18.28 on Wednesday. The company’s market cap is $13.40 billion. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $20.88. The stock’s 50 day moving average price is $17.46 and its 200 day moving average price is $17.26.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The firm had revenue of $574.00 million for the quarter, compared to the consensus estimate of $536.63 million. During the same quarter last year, the business posted $0.13 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. Analysts expect that Twitter, Inc. will post $0.33 earnings per share for the current year.
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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