Twitter Inc (TWTR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in Twitter Inc (NYSE:TWTR) by 99.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,866 shares of the social networking company’s stock after selling 1,605,060 shares during the period. SG Americas Securities LLC’s holdings in Twitter were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TWTR. Northern Trust Corp grew its holdings in Twitter by 78.3% during the second quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock valued at $149,215,000 after purchasing an additional 3,667,233 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Twitter by 6.2% in the second quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock valued at $872,704,000 after buying an additional 2,838,459 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Twitter in the second quarter valued at approximately $43,694,000. Amerigo Asset Management boosted its holdings in shares of Twitter by 46.2% in the third quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock valued at $115,997,000 after buying an additional 2,172,000 shares during the period. Finally, Apertura Capital LLC acquired a new position in shares of Twitter in the second quarter valued at approximately $35,740,000. 50.69% of the stock is owned by institutional investors.

TWTR has been the subject of several research analyst reports. Goldman Sachs Group set a $26.00 price target on shares of Twitter and gave the company a “buy” rating in a report on Friday, October 27th. Vetr cut shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 price target for the company. in a report on Wednesday, October 4th. Susquehanna Bancshares upped their price target on shares of Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. Morgan Stanley reiterated an “underweight” rating and issued a $10.00 price target on shares of Twitter in a report on Monday, October 2nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $17.00 price target on shares of Twitter in a report on Friday, September 1st. Twelve analysts have rated the stock with a sell rating, twenty have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Twitter currently has a consensus rating of “Hold” and a consensus target price of $18.39.

In other Twitter news, Director Evan Clark Williams sold 9,845 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $17.02, for a total transaction of $167,561.90. Following the sale, the director now directly owns 2,636,518 shares of the company’s stock, valued at $44,873,536.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $18.19, for a total transaction of $272,850.00. The disclosure for this sale can be found here. Insiders have sold 5,489,977 shares of company stock worth $112,344,409 over the last ninety days. Insiders own 10.79% of the company’s stock.

Shares of Twitter Inc (NYSE:TWTR) opened at $25.05 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter Inc has a 1 year low of $14.12 and a 1 year high of $25.56.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The firm had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. equities research analysts forecast that Twitter Inc will post 0.02 earnings per share for the current year.

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About Twitter

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.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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