Seaward Management Limited Partnership cut its stake in shares of Twitter Inc. (NYSE:TWTR) by 4.9% during the second quarter, Holdings Channel reports. The fund owned 28,659 shares of the social networking company’s stock after selling 1,475 shares during the period. Seaward Management Limited Partnership’s holdings in Twitter were worth $484,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Pioneer Investment Management Inc. boosted its stake in shares of Twitter by 54.1% in the fourth quarter. Pioneer Investment Management Inc. now owns 392,118 shares of the social networking company’s stock valued at $9,074,000 after buying an additional 137,683 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Twitter by 17.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 57,100 shares of the social networking company’s stock worth $1,321,000 after buying an additional 8,400 shares in the last quarter. Norges Bank acquired a new stake in Twitter during the fourth quarter worth $78,597,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Twitter by 10.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 179,657 shares of the social networking company’s stock worth $2,973,000 after buying an additional 17,520 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Twitter during the first quarter worth $265,000. Institutional investors and hedge funds own 41.87% of the company’s stock.
Shares of Twitter Inc. (NYSE:TWTR) traded up 0.76% during midday trading on Thursday, hitting $18.63. 16,321,143 shares of the stock were exchanged. Twitter Inc. has a 12-month low of $13.73 and a 12-month high of $31.87. The stock’s 50 day moving average is $18.86 and its 200 day moving average is $16.91. The firm’s market cap is $13.04 billion.
Twitter (NYSE:TWTR) last released its earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. The company earned $602 million during the quarter, compared to the consensus estimate of $606.37 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue was up 19.9% compared to the same quarter last year. On average, equities research analysts forecast that Twitter Inc. will post $0.51 earnings per share for the current fiscal year.
A number of analysts have weighed in on TWTR shares. SunTrust Banks Inc. restated a “buy” rating and issued a $18.00 price target on shares of Twitter in a research note on Tuesday, May 31st. Cantor Fitzgerald restated a “buy” rating on shares of Twitter in a research note on Saturday, June 4th. Tigress Financial restated a “neutral” rating on shares of Twitter in a research note on Tuesday, June 14th. MKM Partners restated a “buy” rating on shares of Twitter in a research note on Wednesday, June 22nd. Finally, Monness Crespi & Hardt cut Twitter from a “buy” rating to a “neutral” rating in a research note on Monday, July 11th. Eight equities research analysts have rated the stock with a sell rating, thirty have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.83.
In other news, insider Adam Messinger sold 52,914 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $16.76, for a total transaction of $886,838.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert Kaiden sold 3,604 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $20.06, for a total transaction of $72,296.24. The disclosure for this sale can be found here. 10.79% of the stock is currently owned by company insiders.
Twitter Company Profile
Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.
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