Twitter, Inc. (NYSE:TWTR) Shares Sold by MUFG Securities EMEA plc

MUFG Securities EMEA plc reduced its position in shares of Twitter, Inc. (NYSE:TWTRGet Rating) by 75.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,980 shares of the social networking company’s stock after selling 257,895 shares during the period. MUFG Securities EMEA plc’s holdings in Twitter were worth $3,210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. MV Capital Management Inc. boosted its position in shares of Twitter by 191.4% in the 1st quarter. MV Capital Management Inc. now owns 714 shares of the social networking company’s stock valued at $28,000 after purchasing an additional 469 shares during the period. Mizuho Securities Co. Ltd. boosted its position in shares of Twitter by 750.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 748 shares of the social networking company’s stock valued at $29,000 after purchasing an additional 660 shares during the period. Kistler Tiffany Companies LLC acquired a new position in shares of Twitter in the 1st quarter valued at $31,000. Tcwp LLC acquired a new stake in Twitter during the 1st quarter worth about $30,000. Finally, Glassman Wealth Services boosted its position in Twitter by 47.1% during the 1st quarter. Glassman Wealth Services now owns 803 shares of the social networking company’s stock worth $31,000 after acquiring an additional 257 shares during the period. Institutional investors and hedge funds own 72.10% of the company’s stock.

Twitter Stock Performance

TWTR opened at $41.74 on Wednesday. The stock has a market cap of $31.94 billion, a PE ratio of -208.70 and a beta of 0.65. The company has a current ratio of 7.15, a quick ratio of 7.15 and a debt-to-equity ratio of 0.88. Twitter, Inc. has a 1 year low of $31.30 and a 1 year high of $68.41. The stock’s 50 day simple moving average is $40.42 and its 200-day simple moving average is $40.71.

Twitter (NYSE:TWTRGet Rating) last released its quarterly earnings data on Friday, July 22nd. The social networking company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.31). The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.34 billion. Twitter had a negative net margin of 2.14% and a negative return on equity of 0.82%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Sell-side analysts forecast that Twitter, Inc. will post 0.29 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on TWTR. Citigroup raised their price objective on Twitter from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, July 25th. Piper Sandler decreased their price objective on Twitter from $54.20 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, July 13th. Susquehanna lowered Twitter from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $50.00 to $45.00 in a research report on Friday, August 5th. Stifel Nicolaus decreased their price objective on Twitter from $54.20 to $30.00 and set a “hold” rating for the company in a research report on Monday, July 11th. Finally, StockNews.com lowered Twitter from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Twitter has an average rating of “Hold” and a consensus target price of $44.27.

Insider Activity

In other news, insider Kayvon Beykpour sold 14,878 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $41.09, for a total transaction of $611,337.02. Following the sale, the insider now directly owns 396,341 shares in the company, valued at $16,285,651.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Nick V. Caldwell sold 10,921 shares of the business’s stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $38.38, for a total value of $419,147.98. Following the sale, the insider now owns 374,468 shares of the company’s stock, valued at approximately $14,372,081.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kayvon Beykpour sold 14,878 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $41.09, for a total value of $611,337.02. Following the completion of the sale, the insider now directly owns 396,341 shares in the company, valued at approximately $16,285,651.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,799 shares of company stock worth $1,408,285. Company insiders own 2.70% of the company’s stock.

About Twitter

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Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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