Twitter Inc (TWTR) Holdings Cut by Clear Perspective Advisors LLC

Clear Perspective Advisors LLC lowered its stake in shares of Twitter Inc (NYSE:TWTR) by 10.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,725 shares of the social networking company’s stock after selling 1,125 shares during the quarter. Clear Perspective Advisors LLC’s holdings in Twitter were worth $335,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Mosaic Family Wealth LLC lifted its holdings in shares of Twitter by 47.3% during the fourth quarter. Mosaic Family Wealth LLC now owns 1,106 shares of the social networking company’s stock worth $32,000 after buying an additional 355 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Twitter by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 140,404 shares of the social networking company’s stock valued at $4,035,000 after purchasing an additional 361 shares in the last quarter. Barings LLC raised its stake in shares of Twitter by 1.9% in the fourth quarter. Barings LLC now owns 22,618 shares of the social networking company’s stock valued at $650,000 after purchasing an additional 418 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Twitter by 0.4% in the first quarter. State of Alaska Department of Revenue now owns 108,208 shares of the social networking company’s stock valued at $3,557,000 after purchasing an additional 468 shares in the last quarter. Finally, Moody National Bank Trust Division raised its stake in shares of Twitter by 92.6% in the first quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 478 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Twitter stock opened at $37.47 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.47 and a quick ratio of 4.47. Twitter Inc has a 52-week low of $26.19 and a 52-week high of $47.79. The firm has a market cap of $28.97 billion, a price-to-earnings ratio of 68.13, a P/E/G ratio of 2.50 and a beta of 0.59.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.31. The firm had revenue of $787.00 million during the quarter, compared to analyst estimates of $775.16 million. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. Equities analysts anticipate that Twitter Inc will post 0.64 EPS for the current fiscal year.

TWTR has been the subject of a number of recent research reports. Vertical Group upgraded Twitter from a “hold” rating to a “buy” rating in a research note on Monday, January 28th. Goldman Sachs Group restated a “buy” rating and issued a $36.00 target price on shares of Twitter in a research note on Friday, February 8th. Summit Insights lowered Twitter from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Wedbush set a $37.00 target price on Twitter and gave the company a “hold” rating in a research note on Friday, February 8th. Finally, Robert W. Baird cut their target price on Twitter to $33.00 and set a “neutral” rating for the company in a research note on Friday, February 8th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.72.

In other news, CAO Robert Kaiden sold 2,603 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $30.67, for a total transaction of $79,834.01. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Evan Clark Williams sold 682,242 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $30.83, for a total value of $21,033,520.86. Following the sale, the director now owns 1,043,286 shares in the company, valued at approximately $32,164,507.38. The disclosure for this sale can be found here. Insiders have sold 766,918 shares of company stock worth $24,194,941 in the last 90 days. Company insiders own 2.65% of the company’s stock.

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Twitter Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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