Twitter, Inc. (TWTR) Holdings Cut by Scotia Capital Inc.
Scotia Capital Inc. cut its position in Twitter, Inc. (NYSE:TWTR) by 61.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,192 shares of the social networking company’s stock after selling 76,219 shares during the quarter. Scotia Capital Inc.’s holdings in Twitter were worth $861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. UBS Asset Management Americas Inc. increased its holdings in shares of Twitter by 11.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,542,325 shares of the social networking company’s stock worth $23,058,000 after buying an additional 153,668 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Twitter by 6.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 30,576 shares of the social networking company’s stock worth $457,000 after buying an additional 1,745 shares during the last quarter. Rothschild Asset Management Inc. bought a new position in shares of Twitter in the 1st quarter worth $522,000. Mackenzie Financial Corp increased its holdings in shares of Twitter by 8.4% in the 1st quarter. Mackenzie Financial Corp now owns 15,671 shares of the social networking company’s stock worth $234,000 after buying an additional 1,219 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Twitter by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,374,710 shares of the social networking company’s stock worth $20,551,000 after buying an additional 42,426 shares during the last quarter. Institutional investors and hedge funds own 49.14% of the company’s stock.
TWTR has been the topic of a number of research analyst reports. BidaskClub raised shares of Twitter from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. BMO Capital Markets reissued a “hold” rating and issued a $17.00 price target on shares of Twitter in a report on Sunday, July 16th. Cantor Fitzgerald reissued a “neutral” rating and issued a $16.00 price target on shares of Twitter in a report on Tuesday, July 25th. Vetr raised shares of Twitter from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, June 27th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $15.00 price target on shares of Twitter in a report on Saturday, July 22nd. Sixteen research 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 issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.44.
Shares of Twitter, Inc. (NYSE:TWTR) opened at 18.63 on Friday. The stock has a 50 day moving average of $17.46 and a 200-day moving average of $17.24. The company’s market capitalization is $13.66 billion. Twitter, Inc. has a 52 week low of $14.12 and a 52 week high of $20.88.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The firm had revenue of $574.00 million during the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. Twitter’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.13 EPS. On average, analysts anticipate that Twitter, Inc. will post $0.33 EPS for the current year.
In related news, Director Evan Clark Williams sold 273,300 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $16.16, for a total value of $4,416,528.00. Following the transaction, the director now owns 2,710,576 shares in the company, valued at approximately $43,802,908.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Kaiden sold 4,725 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $16.06, for a total transaction of $75,883.50. The disclosure for this sale can be found here. Insiders sold a total of 1,744,445 shares of company stock valued at $30,358,927 over the last ninety days. 10.79% of the stock is currently owned by insiders.
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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.
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