Linscomb & Williams Inc. Decreases Stake in Twitter, Inc. (NYSE:TWTR)

Linscomb & Williams Inc. lessened its stake in shares of Twitter, Inc. (NYSE:TWTR) by 40.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,204 shares of the social networking company’s stock after selling 11,871 shares during the quarter. Linscomb & Williams Inc.’s holdings in Twitter were worth $1,095,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TWTR. Cypress Point Wealth Management LLC purchased a new stake in shares of Twitter during the 4th quarter worth approximately $25,000. Pinnacle Bancorp Inc. acquired a new position in shares of Twitter in the 1st quarter valued at $25,000. CVA Family Office LLC acquired a new position in shares of Twitter in the 1st quarter valued at $29,000. JJJ Advisors Inc. increased its holdings in shares of Twitter by 131.6% in the 1st quarter. JJJ Advisors Inc. now owns 498 shares of the social networking company’s stock valued at $32,000 after acquiring an additional 283 shares during the period. Finally, Perennial Advisors LLC acquired a new position in shares of Twitter in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 78.23% of the company’s stock.

A number of equities analysts have recently commented on the stock. BMO Capital Markets cut their target price on shares of Twitter from $80.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, May 3rd. Moffett Nathanson raised shares of Twitter from a “sell” rating to a “neutral” rating and set a $55.00 target price on the stock in a report on Thursday, February 11th. Canaccord Genuity cut their target price on shares of Twitter from $82.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, April 30th. Mizuho cut their target price on shares of Twitter from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, April 30th. Finally, Robert W. Baird boosted their price objective on shares of Twitter from $65.00 to $75.00 in a research note on Monday, February 22nd. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and sixteen have given a buy rating to the company. Twitter has a consensus rating of “Hold” and an average price target of $68.57.

In other Twitter news, CFO Ned D. Segal sold 7,000 shares of the company’s stock in a transaction dated Tuesday, April 13th. The shares were sold at an average price of $71.57, for a total value of $500,990.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Vijaya Gadde sold 14,470 shares of the company’s stock in a transaction dated Monday, May 17th. The shares were sold at an average price of $52.23, for a total transaction of $755,768.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,787 shares of company stock worth $4,713,231. 2.56% of the stock is owned by insiders.

Twitter stock opened at $60.30 on Friday. Twitter, Inc. has a 52 week low of $28.23 and a 52 week high of $80.75. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.55. The stock has a 50-day simple moving average of $60.45. The stock has a market cap of $48.13 billion, a price-to-earnings ratio of -51.54 and a beta of 0.74.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, April 29th. The social networking company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Twitter had a negative net margin of 23.05% and a negative return on equity of 11.06%. As a group, research analysts forecast that Twitter, Inc. will post 0.26 earnings per share for the current fiscal year.

Twitter Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time United States, Japan, and internationally. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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