Sigma Planning Corp trimmed its position in shares of Twitter Inc (NYSE:TWTR) by 26.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,066 shares of the social networking company’s stock after selling 8,107 shares during the period. Sigma Planning Corp’s holdings in Twitter were worth $554,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Balentine LLC raised its position in shares of Twitter by 86.6% during the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after buying an additional 3,167 shares during the last quarter. Toronto Dominion Bank raised 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 valued at $136,000 after buying an additional 1,333 shares during the last quarter. Malaga Cove Capital LLC acquired a new position in shares of Twitter during the third quarter valued at about $154,000. Staley Capital Advisers Inc. acquired a new position in shares of Twitter during the third quarter valued at about $173,000. Finally, Berkshire Asset Management LLC PA acquired a new position in shares of Twitter during the third quarter valued at about $184,000. Institutional investors own 49.26% of the company’s stock.

In other Twitter news, Director Evan Clark Williams sold 1,982,985 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $21.12, for a total value of $41,880,643.20. Following the transaction, the director now directly owns 2,401,747 shares of the company’s stock, valued at $50,724,896.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $20.71, for a total transaction of $310,650.00. The disclosure for this sale can be found here. Insiders have sold 2,660,011 shares of company stock worth $58,164,211 over the last three months. 9.18% of the stock is owned by insiders.

A number of brokerages have recently commented on TWTR. Zacks Investment Research lowered shares of Twitter from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Pivotal Research lowered shares of Twitter from a “hold” rating to a “sell” rating and set a $21.00 price objective for the company. in a research report on Thursday, February 8th. JPMorgan Chase & Co. increased their price target on shares of Twitter to $36.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Vetr lowered shares of Twitter from a “buy” rating to a “hold” rating and set a $29.35 price target for the company. in a research report on Monday. Finally, BMO Capital Markets increased their price target on shares of Twitter from $22.00 to $28.00 and gave the stock a “market perform” rating in a research report on Monday. Eight equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $22.79.

Shares of Twitter Inc (NYSE:TWTR) opened at $33.75 on Thursday. Twitter Inc has a 52 week low of $14.12 and a 52 week high of $35.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. The company has a market cap of $25,070.00, a P/E ratio of -225.00, a PEG ratio of 13.93 and a beta of 1.14.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.79%. The business had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $686.12 million. During the same period in the prior year, the firm earned $0.11 earnings per share. Twitter’s revenue was up 2.0% compared to the same quarter last year. analysts anticipate that Twitter Inc will post 0.1 EPS for the current fiscal year.

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About Twitter

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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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