Advisory Research Inc. Lowers Position in Twitter Inc (TWTR)

Advisory Research Inc. trimmed its position in shares of Twitter Inc (NYSE:TWTR) by 63.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,643 shares of the social networking company’s stock after selling 13,058 shares during the quarter. Advisory Research Inc.’s holdings in Twitter were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TWTR. Northern Trust Corp increased its stake in Twitter by 42.8% during the second quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock valued at $449,336,000 after acquiring an additional 3,084,415 shares during the period. American Century Companies Inc. bought a new position in Twitter during the second quarter valued at about $118,445,000. Eagle Asset Management Inc. bought a new position in Twitter during the third quarter valued at about $67,655,000. Carillon Tower Advisers Inc. increased its stake in Twitter by 1,985.3% during the third quarter. Carillon Tower Advisers Inc. now owns 1,828,846 shares of the social networking company’s stock valued at $52,048,000 after acquiring an additional 1,741,146 shares during the period. Finally, First Trust Advisors LP increased its stake in Twitter by 18.4% during the third quarter. First Trust Advisors LP now owns 10,400,990 shares of the social networking company’s stock valued at $296,012,000 after acquiring an additional 1,616,515 shares during the period. Hedge funds and other institutional investors own 64.18% of the company’s stock.

Several brokerages recently issued reports on TWTR. Deutsche Bank lowered their price target on Twitter from $33.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 23rd. Moffett Nathanson lowered their price target on Twitter from $23.00 to $21.00 and set a “sell” rating on the stock in a research note on Monday, September 17th. Aegis boosted their price target on Twitter from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, October 29th. Zacks Investment Research lowered Twitter from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 29th. Finally, Pivotal Research reiterated a “hold” rating and issued a $28.00 price objective on shares of Twitter in a research note on Thursday, October 25th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. Twitter has an average rating of “Hold” and a consensus price target of $34.38.

Shares of TWTR opened at $33.66 on Tuesday. The company has a market capitalization of $23.94 billion, a PE ratio of 561.00, a price-to-earnings-growth ratio of 3.04 and a beta of 0.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.61 and a current ratio of 4.61. Twitter Inc has a one year low of $20.23 and a one year high of $47.79.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, October 25th. The social networking company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.04 by $0.17. The business had revenue of $758.11 million for the quarter, compared to the consensus estimate of $703.57 million. Twitter had a return on equity of 6.75% and a net margin of 36.35%. On average, sell-side analysts expect that Twitter Inc will post 0.47 EPS for the current fiscal year.

In other news, insider Robert Kaiden sold 3,718 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $31.47, for a total value of $117,005.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Evan Clark Williams sold 682,242 shares of the business’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $27.20, for a total value of $18,556,982.40. Following the completion of the transaction, the director now directly owns 1,491,702 shares in the company, valued at $40,574,294.40. The disclosure for this sale can be found here. Insiders sold a total of 7,739,811 shares of company stock worth $238,669,503 over the last three months. 6.62% of the stock is owned by company insiders.

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Twitter Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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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:TWTR).

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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