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.
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.
ILLEGAL ACTIVITY WARNING: “Twitter Inc (TWTR) Holdings Cut by Clear Perspective Advisors LLC” was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/05/22/twitter-inc-twtr-holdings-cut-by-clear-perspective-advisors-llc.html.
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.
Featured Article: Understanding debt-to-equity ratio in fundamental analysis
Want to see what other hedge funds are holding TWTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twitter Inc (NYSE:TWTR).
Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.