SG Americas Securities LLC Reduces Position in Twitter Inc (NYSE:TWTR)

SG Americas Securities LLC decreased its holdings in shares of Twitter Inc (NYSE:TWTR) by 34.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,332 shares of the social networking company’s stock after selling 81,583 shares during the quarter. SG Americas Securities LLC’s holdings in Twitter were worth $6,523,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC boosted its position in shares of Twitter by 74,500.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 746 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 745 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Twitter by 77.9% during the 3rd quarter. Whittier Trust Co. now owns 747 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 327 shares during the last quarter. Truvestments Capital LLC boosted its position in shares of Twitter by 55.7% during the 3rd quarter. Truvestments Capital LLC now owns 836 shares of the social networking company’s stock valued at $34,000 after acquiring an additional 299 shares during the last quarter. Resources Investment Advisors LLC. acquired a new position in shares of Twitter during the 2nd quarter valued at about $30,000. Finally, Ellevest Inc. lifted its position in Twitter by 4,150.0% in the second quarter. Ellevest Inc. now owns 850 shares of the social networking company’s stock valued at $30,000 after buying an additional 830 shares during the last quarter. 69.23% of the stock is owned by institutional investors and hedge funds.

NYSE:TWTR traded up $0.16 on Friday, reaching $29.21. 10,499,561 shares of the company’s stock were exchanged, compared to its average volume of 15,762,041. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $23.14 billion, a price-to-earnings ratio of 53.11, a price-to-earnings-growth ratio of 0.52 and a beta of 0.58. The business has a fifty day moving average of $37.15 and a 200-day moving average of $38.58. Twitter Inc has a 52-week low of $26.26 and a 52-week high of $45.85.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, October 24th. The social networking company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. Twitter had a net margin of 47.67% and a return on equity of 6.07%. The firm had revenue of $824.00 million for the quarter, compared to analyst estimates of $875.21 million. During the same period in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that Twitter Inc will post 2 earnings per share for the current year.

In related news, insider Michael Montano sold 1,750 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $30.19, for a total transaction of $52,832.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Matthew Derella sold 18,043 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $29.94, for a total transaction of $540,207.42. The disclosure for this sale can be found here. Insiders have sold 97,450 shares of company stock worth $3,584,723 over the last 90 days. Insiders own 2.65% of the company’s stock.

A number of research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Twitter from $52.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Macquarie decreased their target price on shares of Twitter from $43.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Goldman Sachs Group cut shares of Twitter from a “buy” rating to a “neutral” rating and decreased their target price for the company from $52.00 to $34.00 in a research report on Thursday, October 24th. Royal Bank of Canada upped their target price on shares of Twitter to $42.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Finally, BMO Capital Markets upped their target price on shares of Twitter from $42.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $36.61.

About Twitter

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.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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