Intercontinental Wealth Advisors LLC Decreases Stock Position in Twitter, Inc. (NYSE:TWTR)

Intercontinental Wealth Advisors LLC cut its holdings in Twitter, Inc. (NYSE:TWTRGet Rating) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,361 shares of the social networking company’s stock after selling 504 shares during the period. Intercontinental Wealth Advisors LLC’s holdings in Twitter were worth $246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whittier Trust Co. lifted its holdings in Twitter by 37.8% in the 1st quarter. Whittier Trust Co. now owns 1,126 shares of the social networking company’s stock valued at $44,000 after purchasing an additional 309 shares in the last quarter. DNB Asset Management AS lifted its holdings in Twitter by 8.6% in the 1st quarter. DNB Asset Management AS now owns 127,292 shares of the social networking company’s stock valued at $4,925,000 after purchasing an additional 10,099 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in Twitter by 13.1% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 65,828 shares of the social networking company’s stock valued at $2,547,000 after purchasing an additional 7,617 shares in the last quarter. Cerity Partners LLC lifted its holdings in Twitter by 7.0% in the 1st quarter. Cerity Partners LLC now owns 12,669 shares of the social networking company’s stock valued at $492,000 after purchasing an additional 827 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in Twitter by 1.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 114,766 shares of the social networking company’s stock valued at $4,440,000 after purchasing an additional 1,139 shares in the last quarter. 91.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Twitter from a “hold” rating to a “sell” rating in a report on Monday, July 25th. TheStreet lowered shares of Twitter from a “c” rating to a “d+” rating in a report on Friday, July 22nd. Citigroup upped their target price on shares of Twitter from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, July 25th. Stifel Nicolaus dropped their price objective on shares of Twitter from $54.20 to $30.00 and set a “hold” rating for the company in a research note on Monday, July 11th. Finally, Cowen dropped their price objective on shares of Twitter from $38.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Twitter currently has an average rating of “Hold” and a consensus price target of $44.53.

Twitter Stock Up 3.6 %

Shares of TWTR opened at $42.52 on Friday. The business’s fifty day moving average price is $38.84 and its 200 day moving average price is $39.54. Twitter, Inc. has a 12-month low of $31.30 and a 12-month high of $69.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 7.15 and a current ratio of 7.15.

Twitter (NYSE:TWTRGet Rating) last announced its quarterly earnings data on Friday, July 22nd. The social networking company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.22). Twitter had a negative return on equity of 0.82% and a negative net margin of 2.14%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the business earned $0.04 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Research analysts anticipate that Twitter, Inc. will post 0.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Twitter news, CFO Ned D. Segal sold 5,000 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $47.85, for a total value of $239,250.00. Following the sale, the chief financial officer now directly owns 720,858 shares of the company’s stock, valued at $34,493,055.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Twitter news, CFO Ned D. Segal sold 5,000 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $47.85, for a total value of $239,250.00. Following the sale, the chief financial officer now directly owns 720,858 shares of the company’s stock, valued at $34,493,055.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nick V. Caldwell sold 15,467 shares of the firm’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $38.02, for a total value of $588,055.34. Following the transaction, the insider now directly owns 396,130 shares in the company, valued at $15,060,862.60. The disclosure for this sale can be found here. Insiders have sold 546,266 shares of company stock valued at $20,473,890 over the last three months. Company insiders own 2.70% of the company’s stock.

Twitter Company Profile

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Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.

Further Reading

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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