SlateStone Wealth LLC Sells 10,994 Shares of Twitter, Inc. (NYSE:TWTR)

SlateStone Wealth LLC lessened its holdings in Twitter, Inc. (NYSE:TWTRGet Rating) by 57.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,105 shares of the social networking company’s stock after selling 10,994 shares during the period. SlateStone Wealth LLC’s holdings in Twitter were worth $350,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Total Clarity Wealth Management Inc. bought a new stake in shares of Twitter during the third quarter worth about $31,000. Orion Capital Management LLC grew its holdings in shares of Twitter by 2,000.0% during the third quarter. Orion Capital Management LLC now owns 525 shares of the social networking company’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Atlas Capital Advisors LLC grew its holdings in shares of Twitter by 601.3% during the third quarter. Atlas Capital Advisors LLC now owns 561 shares of the social networking company’s stock worth $34,000 after purchasing an additional 481 shares during the last quarter. JJJ Advisors Inc. grew its holdings in shares of Twitter by 40.1% during the third quarter. JJJ Advisors Inc. now owns 576 shares of the social networking company’s stock worth $35,000 after purchasing an additional 165 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Twitter by 178.8% during the third quarter. Allworth Financial LP now owns 683 shares of the social networking company’s stock worth $41,000 after purchasing an additional 438 shares during the last quarter. Hedge funds and other institutional investors own 78.96% of the company’s stock.

Several analysts recently commented on the company. Oppenheimer reduced their target price on Twitter from $80.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, February 11th. Stifel Nicolaus assumed coverage on Twitter in a report on Tuesday, February 1st. They issued a “hold” rating and a $39.00 target price on the stock. Piper Sandler reduced their target price on Twitter from $54.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, February 11th. Barclays cut their target price on shares of Twitter from $64.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, February 11th. Finally, Wedbush decreased their price objective on Twitter from $46.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, February 11th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Twitter currently has an average rating of “Hold” and an average target price of $51.06.

In related news, CAO Robert Kaiden sold 5,614 shares of Twitter stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $37.04, for a total value of $207,942.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction dated Tuesday, January 11th. The stock was sold at an average price of $39.79, for a total value of $198,950.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,614 shares of company stock worth $744,993. Insiders own 2.56% of the company’s stock.

Shares of TWTR stock traded down $1.80 during midday trading on Friday, reaching $46.23. 83,315,946 shares of the stock were exchanged, compared to its average volume of 53,466,936. The company has a current ratio of 5.89, a quick ratio of 5.89 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $37.32 and its two-hundred day moving average is $45.02. Twitter, Inc. has a 1 year low of $31.30 and a 1 year high of $73.34. The firm has a market cap of $37.01 billion, a PE ratio of -154.09 and a beta of 0.80.

Twitter (NYSE:TWTRGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The social networking company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Twitter had a negative return on equity of 4.37% and a negative net margin of 4.36%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. As a group, equities analysts expect that Twitter, Inc. will post -0.07 EPS for the current fiscal year.

Twitter announced that its board has initiated a share buyback plan on Thursday, February 10th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the social networking company to repurchase up to 14% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Twitter Company Profile (Get Rating)

Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted ads and Twitter amplify, follower ads, and Twitter takeover; Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces.

See Also

Want to see what other hedge funds are holding TWTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twitter, Inc. (NYSE:TWTRGet Rating).

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.