Weiss Multi Strategy Advisers LLC cut its holdings in shares of Twitter Inc (NYSE: TWTR) by 71.2% during the fourth quarter, according to the company in its most recent 13F deposit with the Securities and Exchange Commission (SEC). The institutional investor owned 65,000 shares of the social networking company title after selling 161,000 shares during the period. Weiss Multi Strategy Advisers LLC's holdings on Twitter were worth $ 1,868,000 starting with the most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also changed their positions. Bronfman E.L. Rothschild L.P. increased its position in Twitter shares by 23.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. he now owns 4,854 shares of the social networking company 's stock worth $ 140,000 after buying an additional 908 shares during the last quarter. Dana Investment Advisors Inc. acquired a new position on Twitter in the fourth quarter worth about $ 2,509,000. Clearbridge LLC increased its position on Twitter by 47.5% during the fourth quarter. Clearbridge LLC now owns 1,831 shares of the registered capital of $ 53,000 after the purchase of an additional 590 shares during the last quarter. Mosaic Family Wealth LLC increased its position on Twitter by 47.3% during the fourth quarter. Mosaic Family Wealth LLC now owns 1,106 shares of shares in the social networking company valued at $ 32,000 after buying an additional 355 shares during the last quarter. Finally, Achmea Investment Management B.V. increased its position on Twitter by 56.4% during the fourth quarter. Achmea Investment Management B.V. now it owns 61,063 shares of the social networking company shares worth $ 1,755,000 after purchasing an additional 22,032 shares during the last quarter. Institutional investors own 67.45% of the company's shares.
On Thursday, TWTR lost $ 0.07, touching $ 32.50. The company had a trading volume of 3,281,404 shares, compared to its average volume of 14,778,762. The company has a market capitalization of $ 24.98 billion, a P / E ratio of 59.10, a price / earnings / growth ratio of 2.82 and a beta of 0.50. Twitter Inc has a minimum of 1 year of $ 26.19 and a maximum of 1 year of $ 47.79. The company has a current report of 4.69, a quick report of 4.69 and a debt / equity ratio of 0.26.
The last time Twitter (NYSE: TWTR) published quarterly earnings data on Thursday 7 February. The social networking company reported a profit of $ 0.31 per share (EPS) for the quarter, exceeding the consensus estimate of $ 0.16 for $ 0.15. The company reported revenues of $ 908.84 million in the quarter, compared to analysts' estimates of $ 864.87 million. Twitter has a net margin of 39.63% and a return on equity of 8.08%. Twitter revenues increased 24.2% year-on-year. During the same period of the previous year, the company earned $ 0.19 EPS. Equity research analysts predict that Twitter Inc. will publish 0.46 earnings per share for the current year.
A number of equity analysts have published reports on TWTR shares. The vertical group increased Twitter shares from a "hold" rating to a "buy" rating in a research report on Monday 28 January. Zacks Investment Research lowered Twitter shares from a "buy" rating to a "hold" rating in a research report Thursday 21 February. Goldman Sachs Group reprinted a "buy" rating and set a price target of $ 36.00 on Twitter shares in a research report on Friday 8 February. Robert W. Baird reduced their price target on Twitter shares to $ 33.00 and set a "neutral" valuation for the company in a research report on Friday 8 February. Finally, Wedbush set a price target of $ 37.00 on Twitter shares and gave the stock an "expected" rating in a research report on Friday 8 February. Two analysts rated the stock with a sales rating, twenty assigned a holding rating, sixteen assigned a purchase rating and one issued a strong purchase rating for the company's shares. Twitter has a consensus rating of "Hold" and an average price target of $ 35.33.
In other Twitter news, director Evan Clark Williams sold 24,643 shares of the stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $ 27.81, for a total transaction of $ 685.321,83. Following the sale, the director now directly owns n. 1,244,108 shares of the company, for a value of $ 34,598,643.48. The sale was disclosed in a legal archive with the Securities & Exchange Commission, which can be accessed through the SEC website. In addition, VP Michael Montano sold 1,250 shares of the company in a transaction dated Monday 7 January. The title was sold at an average price of $ 30.20, for a total transaction of $ 37.750,00. Disclosure for this sale can be found here. Over the past 90 days, insiders have sold 2,171,411 company shares for a value of $ 66,487,552. 6.62% of the capital is owned by professionals.
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Information on Twitter
Twitter, Inc. acts as a platform for public self-expression and real-time conversation. 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 allows the user to broadcast and watch live video with others.
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