Reynders McVeigh Capital Management LLC Has $1.25 Million Stake in Twitter Inc (NYSE:TWTR)

Reynders McVeigh Capital Management LLC decreased its stake in shares of Twitter Inc (NYSE:TWTR) by 20.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 35,903 shares of the social networking company’s stock after selling 9,350 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Twitter were worth $1,253,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clearbridge Investments LLC boosted its stake in Twitter by 11.5% during the 1st quarter. Clearbridge Investments LLC now owns 30,512,378 shares of the social networking company’s stock valued at $1,003,247,000 after purchasing an additional 3,144,553 shares during the period. Northern Trust Corp boosted its stake in Twitter by 0.5% during the 1st quarter. Northern Trust Corp now owns 10,759,439 shares of the social networking company’s stock valued at $353,770,000 after purchasing an additional 52,682 shares during the period. Geode Capital Management LLC boosted its stake in Twitter by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 9,133,563 shares of the social networking company’s stock valued at $262,033,000 after purchasing an additional 569,560 shares during the period. First Trust Advisors LP boosted its stake in Twitter by 23.1% during the 1st quarter. First Trust Advisors LP now owns 8,908,905 shares of the social networking company’s stock valued at $292,925,000 after purchasing an additional 1,673,894 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Twitter by 23.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,919,539 shares of the social networking company’s stock valued at $206,592,000 after purchasing an additional 1,110,127 shares during the period. 68.77% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Robert Kaiden sold 3,796 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $35.70, for a total value of $135,517.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijaya Gadde sold 4,166 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $35.11, for a total value of $146,268.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,282 shares of company stock valued at $5,750,029. 2.65% of the stock is currently owned by insiders.



Several analysts recently weighed in on the company. Wedbush restated a “neutral” rating and set a $42.00 target price on shares of Twitter in a research note on Monday, July 29th. China Renaissance Securities assumed coverage on Twitter in a research note on Wednesday, May 29th. They set a “sell” rating and a $28.00 target price for the company. Barclays set a $34.00 target price on Twitter and gave the company a “sell” rating in a research note on Friday, July 26th. Mizuho set a $35.00 target price on Twitter and gave the company a “sell” rating in a research note on Friday, July 26th. Finally, Pivotal Research assumed coverage on Twitter in a research note on Wednesday, May 29th. They set a “buy” rating and a $48.00 target price for the company. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. Twitter presently has a consensus rating of “Hold” and a consensus target price of $40.91.

Shares of TWTR traded down $1.18 during mid-day trading on Friday, reaching $41.00. The company had a trading volume of 11,880,699 shares, compared to its average volume of 17,697,068. Twitter Inc has a twelve month low of $26.19 and a twelve month high of $43.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.33 and a quick ratio of 4.33. The company’s 50-day moving average is $39.81 and its 200-day moving average is $35.98. The company has a market capitalization of $33.09 billion, a P/E ratio of 74.55, a P/E/G ratio of 0.88 and a beta of 0.62.

Twitter (NYSE:TWTR) last issued its earnings results on Friday, July 26th. The social networking company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. Twitter had a return on equity of 7.93% and a net margin of 71.46%. The business had revenue of $841.40 million during the quarter, compared to analysts’ expectations of $828.07 million. During the same period in the prior year, the firm posted $0.17 EPS. Twitter’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, equities analysts expect that Twitter Inc will post 2.06 EPS for the current fiscal year.

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, a platform 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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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