Twitter, Inc. (NYSE:TWTR) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia reduced its stake in Twitter, Inc. (NYSE:TWTRGet Rating) by 93.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,041 shares of the social networking company’s stock after selling 254,133 shares during the period. Bank of Nova Scotia’s holdings in Twitter were worth $675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TWTR. Allworth Financial LP boosted its stake in Twitter by 57.9% in the first quarter. Allworth Financial LP now owns 1,467 shares of the social networking company’s stock valued at $57,000 after acquiring an additional 538 shares during the period. Cerity Partners LLC raised its holdings in shares of Twitter by 7.0% during the first quarter. Cerity Partners LLC now owns 12,669 shares of the social networking company’s stock valued at $492,000 after buying an additional 827 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Twitter by 42.8% during the first quarter. Thompson Siegel & Walmsley LLC now owns 55,041 shares of the social networking company’s stock valued at $2,130,000 after buying an additional 16,500 shares during the last quarter. Advisor Partners LLC raised its holdings in shares of Twitter by 13.6% during the first quarter. Advisor Partners LLC now owns 21,318 shares of the social networking company’s stock valued at $825,000 after buying an additional 2,544 shares during the last quarter. Finally, Greenleaf Trust bought a new stake in shares of Twitter during the first quarter valued at approximately $375,000. 72.10% of the stock is currently owned by institutional investors and hedge funds.

Twitter Stock Performance

NYSE TWTR opened at $53.70 on Tuesday. Twitter, Inc. has a twelve month low of $31.30 and a twelve month high of $55.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 7.15 and a current ratio of 7.15. The stock has a market cap of $41.09 billion, a price-to-earnings ratio of -268.50 and a beta of 0.54. The firm’s 50 day moving average price is $46.54 and its two-hundred day moving average price is $42.98.

Insiders Place Their Bets

In other Twitter news, insider Nick V. Caldwell sold 10,921 shares of Twitter stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $50.95, for a total transaction of $556,424.95. Following the transaction, the insider now directly owns 343,788 shares in the company, valued at approximately $17,515,998.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TWTR shares. Cowen cut their price target on Twitter from $38.00 to $22.00 and set a “market perform” rating on the stock in a report on Monday, July 25th. Piper Sandler cut their price target on Twitter from $54.20 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, July 13th. StockNews.com assumed coverage on Twitter in a report on Wednesday, October 12th. They set a “sell” rating on the stock. Robert W. Baird dropped their target price on Twitter from $45.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, July 11th. Finally, Susquehanna Bancshares cut Twitter to a “neutral” rating and dropped their target price for the stock from $50.00 to $45.00 in a report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $44.39.

Twitter Profile

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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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