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

SG Americas Securities LLC lowered its position in Twitter Inc (NYSE:TWTR) by 34.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 158,332 shares of the social networking company’s stock after selling 81,583 shares during the period. SG Americas Securities LLC’s holdings in Twitter were worth $6,523,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TWTR. Nuveen Asset Management LLC increased its position in Twitter by 17,011.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 10,494,744 shares of the social networking company’s stock worth $366,266,000 after purchasing an additional 10,433,413 shares in the last quarter. Renaissance Technologies LLC increased its position in Twitter by 331.4% during the 2nd quarter. Renaissance Technologies LLC now owns 7,337,600 shares of the social networking company’s stock worth $256,082,000 after purchasing an additional 5,636,902 shares in the last quarter. Vanguard Group Inc. increased its position in Twitter by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 78,372,606 shares of the social networking company’s stock worth $2,735,204,000 after purchasing an additional 1,510,879 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Twitter by 23.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,919,539 shares of the social networking company’s stock worth $206,592,000 after purchasing an additional 1,110,127 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. increased its position in Twitter by 44.0% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 3,168,974 shares of the social networking company’s stock worth $110,597,000 after purchasing an additional 968,905 shares in the last quarter. Institutional investors and hedge funds own 69.23% of the company’s stock.

In other news, Director Fox Martha Lane sold 8,459 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $41.42, for a total value of $350,371.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Vijaya Gadde sold 8,332 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $43.29, for a total value of $360,692.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,450 shares of company stock valued at $3,584,723. 2.65% of the stock is currently owned by corporate insiders.

NYSE:TWTR traded up $0.16 during trading hours on Friday, hitting $29.21. 10,499,561 shares of the company’s stock traded hands, compared to its average volume of 15,762,041. The firm has a market cap of $23.14 billion, a P/E ratio of 53.11, a P/E/G ratio of 0.52 and a beta of 0.58. Twitter Inc has a twelve month low of $26.26 and a twelve month high of $45.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 8.69 and a current ratio of 8.69. The stock’s fifty day moving average price is $37.15 and its two-hundred day moving average price is $38.58.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 24th. The social networking company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. Twitter had a return on equity of 6.07% and a net margin of 47.67%. The company 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 posted $0.21 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts predict that Twitter Inc will post 2 earnings per share for the current year.

A number of analysts recently commented on the company. Zacks Investment Research cut Twitter from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a research report on Monday, September 30th. MKM Partners dropped their price objective on Twitter from $44.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Susquehanna Bancshares set a $34.00 price objective on Twitter and gave the stock a “hold” rating in a research report on Friday, October 25th. Nomura dropped their price objective on Twitter from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price target on Twitter from $52.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Five analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.61.

Twitter Profile

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.

Further Reading: Cost of Debt

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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