Twitter, Inc. (TWTR) Stake Lowered by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its stake in Twitter, Inc. (NYSE:TWTR) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,700 shares of the social networking company’s stock after selling 150 shares during the quarter. Moors & Cabot Inc.’s holdings in Twitter were worth $301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Asset Management Inc. raised its stake in Twitter by 0.4% in the 2nd quarter. Rothschild Asset Management Inc. now owns 35,078 shares of the social networking company’s stock valued at $627,000 after acquiring an additional 151 shares during the period. Nordea Investment Management AB raised its stake in Twitter by 2.3% in the 2nd quarter. Nordea Investment Management AB now owns 19,027 shares of the social networking company’s stock valued at $340,000 after acquiring an additional 422 shares during the period. Comerica Bank raised its stake in Twitter by 1.8% in the 2nd quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock valued at $557,000 after acquiring an additional 489 shares during the period. Hills Bank & Trust Co. raised its stake in Twitter by 4.7% in the 2nd quarter. Hills Bank & Trust Co. now owns 13,330 shares of the social networking company’s stock valued at $238,000 after acquiring an additional 595 shares during the period. Finally, Grassi Investment Management raised its stake in Twitter by 1.2% in the 2nd quarter. Grassi Investment Management now owns 52,950 shares of the social networking company’s stock valued at $946,000 after acquiring an additional 650 shares during the period. 49.14% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on TWTR shares. Vetr cut Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 price target on the stock. in a research note on Wednesday, October 4th. Morgan Stanley restated an “underweight” rating and issued a $10.00 price target on shares of Twitter in a research note on Monday, October 2nd. BidaskClub cut Twitter from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Robert W. Baird restated a “hold” rating and issued a $17.00 price target on shares of Twitter in a research note on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $20.00 price target on shares of Twitter in a research note on Sunday, July 30th. Sixteen equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Twitter currently has an average rating of “Hold” and a consensus target price of $15.44.

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Shares of Twitter, Inc. (NYSE:TWTR) traded up 0.840% during midday trading on Friday, reaching $18.605. The company’s stock had a trading volume of 1,868,505 shares. The company’s 50-day moving average price is $17.39 and its 200 day moving average price is $17.20. The company’s market capitalization is $13.64 billion. Twitter, Inc. has a 12-month low of $14.12 and a 12-month high of $20.88.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The business had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $536.63 million. During the same quarter last year, the business posted $0.13 EPS. The business’s revenue was down 4.7% on a year-over-year basis. On average, equities research analysts forecast that Twitter, Inc. will post $0.33 earnings per share for the current year.

In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $16.07, for a total value of $241,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 546,200 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $18.15, for a total value of $9,913,530.00. Following the completion of the sale, the director now owns 2,658,594 shares of the company’s stock, valued at approximately $48,253,481.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,335,330 shares of company stock valued at $23,015,312. Company insiders own 10.79% of the company’s stock.

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.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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