Nomura Holdings Inc. lowered its position in Twitter, Inc. (NYSE:TWTR) by 74.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 245,542 shares of the social networking company’s stock after selling 714,063 shares during the period. Nomura Holdings Inc.’s holdings in Twitter were worth $3,671,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of TWTR. Mosaic Family Wealth LLC increased its stake in shares of Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock worth $105,000 after buying an additional 875 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Twitter during the first quarter worth $107,000. Nicolet Bankshares Inc. increased its stake in shares of Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock worth $117,000 after buying an additional 5,434 shares during the period. Westside Investment Management Inc. increased its stake in shares of Twitter by 46.0% in the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock worth $152,000 after buying an additional 3,295 shares during the period. Finally, TRUE Private Wealth Advisors purchased a new stake in shares of Twitter during the first quarter worth $153,000. 51.67% of the stock is owned by institutional investors.
Twitter, Inc. (NYSE TWTR) traded down 0.95% on Friday, hitting $16.67. 9,927,408 shares of the company were exchanged. The company has a 50 day moving average price of $18.01 and a 200-day moving average price of $16.79. The stock’s market capitalization is $12.09 billion. Twitter, Inc. has a 52 week low of $14.12 and a 52 week high of $25.25.
Twitter (NYSE:TWTR) last posted its earnings results on Wednesday, April 26th. The social networking company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.27. The business had revenue of $548 million for the quarter, compared to analysts’ expectations of $513.04 million. Twitter had a negative net margin of 17.67% and a negative return on equity of 4.23%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. On average, equities analysts expect that Twitter, Inc. will post $0.33 earnings per share for the current fiscal year.
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TWTR has been the subject of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Twitter in a report on Thursday, March 23rd. Vetr downgraded shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $16.54 price target for the company. in a report on Monday, March 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $20.00 price target on shares of Twitter in a report on Friday, April 28th. BTIG Research reaffirmed a “buy” rating on shares of Twitter in a report on Friday, April 28th. Finally, Drexel Hamilton reaffirmed a “buy” rating on shares of Twitter in a report on Tuesday, May 2nd. Seventeen research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Twitter currently has a consensus rating of “Hold” and a consensus price target of $15.82.
In other Twitter news, Director Evan Clark Williams sold 684,900 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $18.58, for a total transaction of $12,725,442.00. Following the transaction, the director now owns 2,872,607 shares in the company, valued at approximately $53,373,038.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Vijaya Gadde sold 7,500 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $14.76, for a total transaction of $110,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,971,445 shares of company stock worth $33,742,431 in the last 90 days. Company insiders own 10.79% of the company’s stock.
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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