Highbridge Capital Management LLC Buys New Position in Twitter, Inc. (NYSE:TWTR)

Highbridge Capital Management LLC bought a new stake in Twitter, Inc. (NYSE:TWTR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,500 shares of the social networking company’s stock, valued at approximately $732,000.

A number of other hedge funds have also recently made changes to their positions in TWTR. Cypress Point Wealth Management LLC purchased a new stake in Twitter in the 4th quarter valued at about $25,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Twitter during the 1st quarter worth about $25,000. CVA Family Office LLC purchased a new stake in shares of Twitter during the 1st quarter worth about $29,000. JJJ Advisors Inc. grew its holdings in shares of Twitter by 131.6% during the 1st quarter. JJJ Advisors Inc. now owns 498 shares of the social networking company’s stock worth $32,000 after purchasing an additional 283 shares during the period. Finally, Perennial Advisors LLC purchased a new stake in shares of Twitter during the 4th quarter worth about $34,000. 78.23% of the stock is owned by hedge funds and other institutional investors.

TWTR has been the subject of a number of research reports. Citigroup decreased their target price on Twitter from $80.00 to $58.00 in a report on Monday, May 10th. Canaccord Genuity decreased their price target on Twitter from $82.00 to $68.00 and set a “hold” rating for the company in a report on Friday, April 30th. OTR Global upgraded Twitter from a “negative” rating to a “mixed” rating in a report on Thursday, April 29th. JPMorgan Chase & Co. decreased their price target on Twitter from $91.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 30th. Finally, Cowen upped their price target on Twitter from $58.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 15th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.57.

TWTR stock traded down $0.01 during trading hours on Friday, hitting $60.29. 207,959 shares of the stock traded hands, compared to its average volume of 20,573,600. The firm has a 50-day moving average of $60.45. Twitter, Inc. has a one year low of $28.23 and a one year high of $80.75. The firm has a market capitalization of $48.12 billion, a P/E ratio of -51.54 and a beta of 0.74. The company has a current ratio of 4.84, a quick ratio of 4.84 and a debt-to-equity ratio of 0.55.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, April 29th. The social networking company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Twitter had a negative return on equity of 11.06% and a negative net margin of 23.05%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. On average, equities research analysts anticipate that Twitter, Inc. will post 0.26 earnings per share for the current year.

In related news, CFO Ned D. Segal sold 7,000 shares of the stock in a transaction dated Tuesday, April 13th. The stock was sold at an average price of $71.57, for a total value of $500,990.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Montano sold 2,250 shares of the stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $66.53, for a total value of $149,692.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,787 shares of company stock valued at $4,713,231. 2.56% of the stock is currently owned by company insiders.

About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time United States, Japan, and internationally. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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