Westover Capital Advisors LLC Decreases Stake in Twitter, Inc. (TWTR)

Westover Capital Advisors LLC lowered its stake in Twitter, Inc. (NYSE:TWTR) by 19.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,449 shares of the social networking company’s stock after selling 3,833 shares during the period. Westover Capital Advisors LLC’s holdings in Twitter were worth $231,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. United Capital Financial Advisers LLC boosted its stake in Twitter by 5.6% in the fourth quarter. United Capital Financial Advisers LLC now owns 17,178 shares of the social networking company’s stock valued at $280,000 after buying an additional 906 shares in the last quarter. AQR Capital Management LLC boosted its stake in Twitter by 400.0% in the fourth quarter. AQR Capital Management LLC now owns 362,193 shares of the social networking company’s stock valued at $5,904,000 after buying an additional 289,758 shares in the last quarter. Seven Eight Capital LP bought a new stake in Twitter during the fourth quarter valued at approximately $534,000. Tudor Investment Corp Et Al boosted its stake in Twitter by 110.0% in the fourth quarter. Tudor Investment Corp Et Al now owns 49,886 shares of the social networking company’s stock valued at $813,000 after buying an additional 549,886 shares in the last quarter. Finally, Sciencast Management LP bought a new stake in Twitter during the fourth quarter valued at approximately $163,000. Institutional investors and hedge funds own 51.67% of the company’s stock.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

Twitter, Inc. (TWTR) traded down 0.88% on Tuesday, reaching $16.91. 8,506,935 shares of the company’s stock were exchanged. Twitter, Inc. has a 52 week low of $14.12 and a 52 week high of $25.25. The company’s market cap is $12.27 billion. The stock’s 50 day moving average is $18.03 and its 200 day moving average is $16.75.

Twitter (NYSE:TWTR) last released its earnings results on Wednesday, April 26th. The social networking company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.27. Twitter had a negative return on equity of 4.23% and a negative net margin of 17.67%. The firm had revenue of $548 million for the quarter, compared to analysts’ expectations of $513.04 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, equities analysts anticipate that Twitter, Inc. will post $0.33 earnings per share for the current year.

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Several research firms recently commented on TWTR. Wells Fargo & Co restated a “hold” rating and set a $14.50 price target on shares of Twitter in a report on Friday, May 12th. Instinet restated a “neutral” rating on shares of Twitter in a report on Friday, June 2nd. Royal Bank Of Canada restated an “underperform” rating on shares of Twitter in a report on Saturday, June 3rd. Vetr upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $18.68 price target for the company in a report on Monday, May 29th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $16.00 price target on shares of Twitter in a report on Tuesday, May 2nd. Seventeen research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Twitter has a consensus rating of “Hold” and an average target price of $15.82.

In related news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $17.46, for a total value of $261,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Evan Clark Williams sold 273,300 shares of Twitter stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $14.71, for a total value of $4,020,243.00. The disclosure for this sale can be found here. Insiders have sold 1,971,445 shares of company stock worth $33,742,431 over the last three months. Insiders own 9.18% of the company’s stock.

Twitter Company Profile

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

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