Rhumbline Advisers cut its position in Twitter, Inc. (NYSE:TWTR) by 7.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 710,802 shares of the social networking company’s stock after selling 56,206 shares during the period. Rhumbline Advisers owned about 0.10% of Twitter worth $12,702,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TWTR. Clinton Group Inc. boosted its stake in Twitter by 28.8% in the first quarter. Clinton Group Inc. now owns 103,394 shares of the social networking company’s stock worth $1,546,000 after buying an additional 23,128 shares during the period. World Asset Management Inc boosted its stake in shares of Twitter by 26.1% in the first quarter. World Asset Management Inc now owns 27,077 shares of the social networking company’s stock worth $405,000 after buying an additional 5,597 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Twitter by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 29,068 shares of the social networking company’s stock worth $519,000 after buying an additional 12,690 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Twitter during the second quarter worth about $315,000. Finally, Independent Advisor Alliance boosted its stake in shares of Twitter by 10.5% in the first quarter. Independent Advisor Alliance now owns 58,632 shares of the social networking company’s stock worth $860,000 after buying an additional 5,562 shares during the last quarter. 47.36% of the stock is currently owned by institutional investors.

Shares of Twitter, Inc. (TWTR) opened at 15.99 on Monday. The firm has a 50-day moving average of $17.69 and a 200-day moving average of $16.85. The stock’s market cap is $11.72 billion. Twitter, Inc. has a one year low of $14.12 and a one year high of $25.25.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The business had revenue of $574 million during the quarter, compared to analyst estimates of $536.63 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts expect that Twitter, Inc. will post $0.34 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on TWTR. Royal Bank Of Canada reissued an “underperform” rating on shares of Twitter in a report on Saturday, June 3rd. Barclays PLC reissued a “sell” rating and set a $16.00 target price on shares of Twitter in a report on Friday, July 28th. Wedbush reissued a “neutral” rating and set a $14.00 target price (up previously from $13.00) on shares of Twitter in a report on Wednesday, April 26th. Pivotal Research reissued a “hold” rating and set a $17.00 target price (up previously from $15.00) on shares of Twitter in a report on Monday, July 17th. Finally, Deutsche Bank AG boosted their target price on shares of Twitter from $15.00 to $17.00 and gave the company a “hold” rating in a report on Friday, April 28th. Sixteen research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.59.

In related news, insider Robert Kaiden sold 2,815 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $18.37, for a total transaction of $51,711.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $17.46, for a total transaction of $261,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,352,873 shares of company stock valued at $42,761,829. Company insiders own 9.18% of the company’s stock.

Twitter Company Profile

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.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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