US Bancorp DE reduced its stake in Twitter, Inc. (NYSE:TWTR) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,274 shares of the social networking company’s stock after selling 10 shares during the period. US Bancorp DE’s holdings in Twitter were worth $327,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Independence Advisors LLC acquired a new stake in Twitter during the second quarter valued at $231,000. Mosaic Family Wealth LLC increased its position in shares of Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock valued at $105,000 after buying an additional 875 shares during the period. Advisory Services Network LLC purchased a new position in shares of Twitter during the first quarter valued at approximately $107,000. Nicolet Bankshares Inc. increased its position in shares of Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock valued at $117,000 after buying an additional 5,434 shares during the period. Finally, Atria Investments LLC increased its position in shares of Twitter by 2.6% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company’s stock valued at $156,000 after buying an additional 268 shares during the period. 47.36% of the stock is owned by institutional investors and hedge funds.
Shares of Twitter, Inc. (TWTR) traded up 0.56% during mid-day trading on Monday, hitting $16.08. 6,331,913 shares of the stock traded hands. The stock’s market cap is $11.79 billion. The firm has a 50 day moving average of $17.69 and a 200 day moving average of $16.85. Twitter, Inc. has a 12 month low of $14.12 and a 12 month high of $25.25.
Twitter (NYSE:TWTR) last posted its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The firm had revenue of $574 million during the quarter, compared to analysts’ expectations of $536.63 million. During the same period in the previous year, the business posted $0.13 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. On average, equities analysts expect that Twitter, Inc. will post $0.34 EPS for the current fiscal year.
Several equities analysts have recently commented on TWTR shares. Argus reaffirmed a “hold” rating on shares of Twitter in a research note on Tuesday, May 2nd. Vetr downgraded shares of Twitter from a “strong-buy” rating to a “hold” rating and set a $18.68 price objective for the company. in a research note on Tuesday, May 23rd. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a research note on Friday, April 28th. BidaskClub raised shares of Twitter from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, UBS AG reaffirmed a “sell” rating and set a $14.00 price objective (up from $12.00) on shares of Twitter in a research note on Friday, April 28th. Sixteen research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.59.
In related news, insider Robert Kaiden sold 14,388 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $17.71, for a total value of $254,811.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Evan Clark Williams sold 853,700 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $19.38, for a total transaction of $16,544,706.00. Following the completion of the transaction, the director now owns 2,735,038 shares of the company’s stock, valued at $53,005,036.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,352,873 shares of company stock valued at $42,761,829. Company insiders own 9.18% of the company’s stock.
Twitter Company Profile
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.
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