Usca Ria LLC Has $915,000 Stake in Twitter Inc (TWTR)

Usca Ria LLC cut its stake in shares of Twitter Inc (NYSE:TWTR) by 44.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,133 shares of the social networking company’s stock after selling 25,450 shares during the quarter. Usca Ria LLC’s holdings in Twitter were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Twitter during the 2nd quarter valued at approximately $112,000. Kiley Juergens Wealth Management LLC bought a new stake in shares of Twitter during the 2nd quarter valued at approximately $113,000. Castleark Management LLC bought a new stake in shares of Twitter during the 2nd quarter valued at approximately $121,000. Quad Cities Investment Group LLC bought a new stake in shares of Twitter during the 2nd quarter valued at approximately $132,000. Finally, Focused Wealth Management Inc grew its holdings in shares of Twitter by 144.3% during the 2nd quarter. Focused Wealth Management Inc now owns 3,217 shares of the social networking company’s stock valued at $140,000 after purchasing an additional 1,900 shares during the last quarter. 65.14% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on TWTR shares. Citigroup lifted their price target on shares of Twitter from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Monday, July 30th. Goldman Sachs Group reaffirmed a “buy” rating and set a $55.00 price target on shares of Twitter in a report on Friday, July 27th. ValuEngine lowered shares of Twitter from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 28th. Moffett Nathanson decreased their price target on shares of Twitter from $23.00 to $21.00 and set a “sell” rating on the stock in a report on Monday, September 17th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $32.00 price target (up from $28.00) on shares of Twitter in a report on Friday, July 27th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Twitter has an average rating of “Hold” and an average price target of $34.75.

In other news, Director Evan Clark Williams sold 682,242 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $32.59, for a total value of $22,234,266.78. Following the transaction, the director now owns 1,684,204 shares in the company, valued at approximately $54,888,208.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Kaiden sold 3,718 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $31.47, for a total transaction of $117,005.46. The disclosure for this sale can be found here. Insiders sold a total of 4,174,995 shares of company stock worth $127,400,778 in the last 90 days. Corporate insiders own 10.79% of the company’s stock.

Shares of NYSE TWTR opened at $34.99 on Thursday. The company has a market capitalization of $26.20 billion, a PE ratio of 583.17, a PEG ratio of 3.53 and a beta of 0.32. Twitter Inc has a 52-week low of $19.36 and a 52-week high of $47.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.61 and a current ratio of 4.61.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.17. The firm had revenue of $758.11 million for the quarter, compared to the consensus estimate of $703.57 million. Twitter had a net margin of 36.35% and a return on equity of 6.75%. On average, equities research analysts expect that Twitter Inc will post 0.44 EPS for the current year.

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Twitter Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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