Wealthspire Advisors LLC Sells 3,530 Shares of Twitter, Inc. (NYSE:TWTR)

Wealthspire Advisors LLC decreased its stake in shares of Twitter, Inc. (NYSE:TWTR) by 46.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,994 shares of the social networking company’s stock after selling 3,530 shares during the quarter. Wealthspire Advisors LLC’s holdings in Twitter were worth $275,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TWTR. TD Capital Management LLC bought a new stake in Twitter in the 2nd quarter valued at about $28,000. Cypress Capital LLC bought a new stake in Twitter in the 1st quarter valued at about $31,000. Hudock Inc. boosted its holdings in Twitter by 174.0% in the 2nd quarter. Hudock Inc. now owns 548 shares of the social networking company’s stock valued at $37,000 after purchasing an additional 348 shares during the period. SRS Capital Advisors Inc. bought a new stake in Twitter in the 2nd quarter valued at about $41,000. Finally, Tradition Wealth Management LLC boosted its holdings in Twitter by 50.3% in the 2nd quarter. Tradition Wealth Management LLC now owns 601 shares of the social networking company’s stock valued at $41,000 after purchasing an additional 201 shares during the period. 79.32% of the stock is owned by institutional investors and hedge funds.

NYSE TWTR opened at $62.20 on Thursday. Twitter, Inc. has a 52-week low of $38.93 and a 52-week high of $80.75. The company has a 50-day simple moving average of $63.35 and a 200 day simple moving average of $63.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.31 and a current ratio of 4.31. The company has a market capitalization of $49.63 billion, a PE ratio of 132.34 and a beta of 0.77.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, July 22nd. The social networking company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. Twitter had a net margin of 8.64% and a return on equity of 4.80%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted ($1.39) earnings per share. The firm’s quarterly revenue was up 74.2% compared to the same quarter last year. As a group, analysts forecast that Twitter, Inc. will post 0.35 EPS for the current fiscal year.

In other Twitter news, CFO Ned D. Segal sold 5,000 shares of the stock in a transaction dated Tuesday, October 12th. The shares were sold at an average price of $61.86, for a total transaction of $309,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Derella sold 18,382 shares of the stock in a transaction dated Wednesday, August 4th. The stock was sold at an average price of $68.59, for a total transaction of $1,260,821.38. The disclosure for this sale can be found here. Insiders have sold 107,774 shares of company stock valued at $7,044,259 in the last 90 days. 2.56% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on TWTR shares. Canaccord Genuity boosted their target price on shares of Twitter from $68.00 to $78.00 and gave the company a “hold” rating in a research report on Friday, July 23rd. Barclays boosted their target price on shares of Twitter from $48.00 to $60.00 and gave the company an “underweight” rating in a research report on Friday, July 23rd. KeyCorp boosted their target price on shares of Twitter from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, July 23rd. The Goldman Sachs Group started coverage on shares of Twitter in a research report on Monday, September 13th. They issued a “sell” rating and a $60.00 target price for the company. Finally, Piper Sandler restated a “neutral” rating and issued a $77.00 target price (up from $66.00) on shares of Twitter in a research report on Friday, July 23rd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $72.80.

Twitter 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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