6,000 Shares in Twitter, Inc. (NYSE:TWTR) Bought by Waycross Partners LLC

Waycross Partners LLC bought a new position in Twitter, Inc. (NYSE:TWTR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,000 shares of the social networking company’s stock, valued at approximately $362,000.

Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Twitter by 2.2% during the second quarter. Geode Capital Management LLC now owns 13,632,432 shares of the social networking company’s stock valued at $935,353,000 after purchasing an additional 298,190 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Twitter by 6.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,736,144 shares of the social networking company’s stock valued at $648,356,000 after acquiring an additional 640,429 shares during the last quarter. Lone Pine Capital LLC bought a new position in Twitter during the second quarter valued at $681,422,000. Nikko Asset Management Americas Inc. increased its position in Twitter by 8.6% during the third quarter. Nikko Asset Management Americas Inc. now owns 7,896,854 shares of the social networking company’s stock valued at $478,549,000 after acquiring an additional 628,060 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Twitter by 5.6% during the second quarter. Legal & General Group Plc now owns 4,920,018 shares of the social networking company’s stock valued at $338,547,000 after acquiring an additional 261,178 shares during the last quarter. 77.85% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. Wedbush cut their price target on shares of Twitter from $69.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, November 30th. BMO Capital Markets cut their price target on shares of Twitter from $70.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, October 27th. MKM Partners cut their price target on shares of Twitter from $83.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, October 27th. Bank of America cut their price target on shares of Twitter from $90.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, October 25th. Finally, Piper Sandler cut their price target on shares of Twitter from $70.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, December 2nd. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $67.51.

Shares of NYSE TWTR traded down $0.96 during trading on Friday, hitting $37.74. 380,952 shares of the company were exchanged, compared to its average volume of 15,933,925. Twitter, Inc. has a 12-month low of $38.22 and a 12-month high of $80.75. The company has a debt-to-equity ratio of 0.59, a quick ratio of 4.09 and a current ratio of 4.09. The company has a fifty day moving average price of $45.39 and a 200-day moving average price of $57.78. The firm has a market capitalization of $30.18 billion, a PE ratio of -161.24 and a beta of 0.70.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Tuesday, October 26th. The social networking company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.56). The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Twitter had a negative net margin of 3.77% and a negative return on equity of 3.21%. The firm’s quarterly revenue was up 37.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. Research analysts anticipate that Twitter, Inc. will post -0.53 earnings per share for the current fiscal year.

In related news, insider Vijaya Gadde sold 796 shares of the business’s stock in a transaction dated Wednesday, December 15th. The shares were sold at an average price of $44.00, for a total value of $35,024.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Montano sold 4,500 shares of Twitter stock in a transaction dated Wednesday, October 20th. The shares were sold at an average price of $66.74, for a total value of $300,330.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,717 shares of company stock worth $3,778,583. 2.56% of the stock is owned by insiders.

Twitter Company Profile

Twitter, Inc is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions and news. The company’s services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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