Twitter Inc (TWTR) Position Lowered by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. cut its holdings in shares of Twitter Inc (NYSE:TWTR) by 44.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,500 shares of the social networking company’s stock after selling 14,167 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Twitter were worth $295,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp boosted its position in Twitter by 78.3% in the second quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock worth $149,215,000 after purchasing an additional 3,667,233 shares during the last quarter. Vanguard Group Inc. boosted its position in Twitter by 6.2% in the second quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock worth $872,704,000 after purchasing an additional 2,838,459 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Twitter in the second quarter worth about $43,694,000. Amerigo Asset Management boosted its position in Twitter by 46.2% in the third quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock worth $115,997,000 after purchasing an additional 2,172,000 shares during the last quarter. Finally, Apertura Capital LLC purchased a new position in Twitter in the second quarter worth about $35,740,000. 50.83% of the stock is currently owned by institutional investors.

Shares of Twitter Inc (TWTR) opened at $22.23 on Monday. Twitter Inc has a 1-year low of $14.12 and a 1-year high of $23.24. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The business had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $586.22 million. During the same period in the prior year, the business earned $0.09 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. equities research analysts predict that Twitter Inc will post 0.02 EPS for the current fiscal year.

Several research analysts have recently commented on the company. Summit Redstone assumed coverage on Twitter in a research note on Monday. They issued a “buy” rating on the stock. J P Morgan Chase & Co raised Twitter from a “neutral” rating to an “overweight” rating in a research note on Monday. Vetr downgraded Twitter from a “strong-buy” rating to a “buy” rating and set a $25.02 price objective on the stock. in a research note on Friday. Evercore ISI began coverage on Twitter in a research note on Tuesday, December 5th. They issued an “in-line” rating and a $21.00 price objective on the stock. They noted that the move was a valuation call. Finally, MKM Partners lifted their target price on Twitter from $18.00 to $21.50 and gave the company a “neutral” rating in a research note on Thursday, November 30th. Twelve research analysts have rated the stock with a sell rating, twenty have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $17.97.

In related news, Director Evan Clark Williams sold 18,347 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $21.66, for a total transaction of $397,396.02. Following the transaction, the director now directly owns 2,365,053 shares of the company’s stock, valued at approximately $51,227,047.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $17.66, for a total value of $264,900.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,504,977 shares of company stock valued at $112,609,309. Corporate insiders own 10.79% of the company’s stock.

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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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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