Cim Investment Mangement Inc. Sells 23,065 Shares of Twitter Inc. (TWTR)

Cim Investment Mangement Inc. lessened its holdings in shares of Twitter Inc. (NYSE:TWTR) by 58.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,664 shares of the social networking company’s stock after selling 23,065 shares during the quarter. Cim Investment Mangement Inc.’s holdings in Twitter were worth $483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. University of Notre Dame DU Lac boosted its stake in Twitter by 20.6% during the 4th quarter. University of Notre Dame DU Lac now owns 356,548 shares of the social networking company’s stock worth $8,561,000 after purchasing an additional 60,874 shares during the last quarter. Granite Point Capital Management L.P. acquired a new position in shares of Twitter during the 4th quarter valued at about $960,000. Rehmann Capital Advisory Group acquired a new position in shares of Twitter during the 4th quarter valued at about $265,000. California Public Employees Retirement System boosted its position in shares of Twitter by 26.3% during the 4th quarter. California Public Employees Retirement System now owns 2,041,480 shares of the social networking company’s stock valued at $49,016,000 after acquiring an additional 424,814 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. acquired a new position in shares of Twitter during the 4th quarter valued at about $2,723,000. 60.65% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on the stock. Deutsche Bank boosted their price target on shares of Twitter to $32.00 and gave the company a “hold” rating in a research report on Wednesday, May 2nd. They noted that the move was a valuation call. SunTrust Banks boosted their price target on shares of Twitter to $33.00 and gave the company a “neutral” rating in a research report on Thursday, April 26th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on shares of Twitter from $29.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, April 26th. Jefferies Group reissued a “hold” rating and set a $33.00 price target on shares of Twitter in a research report on Thursday, April 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Twitter from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, April 26th. Five research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Twitter currently has a consensus rating of “Hold” and an average price target of $26.40.

In other news, Director Evan Clark Williams sold 546,300 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $31.91, for a total value of $17,432,433.00. Following the completion of the sale, the director now directly owns 2,181,588 shares of the company’s stock, valued at $69,614,473.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Matthew Derella sold 7,008 shares of the stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $27.80, for a total value of $194,822.40. The disclosure for this sale can be found here. Insiders sold 3,579,057 shares of company stock worth $112,868,809 over the last quarter. 6.62% of the stock is currently owned by insiders.

Shares of Twitter stock opened at $33.42 on Thursday. The company has a market capitalization of $25.31 billion, a price-to-earnings ratio of 557.00, a P/E/G ratio of 4.20 and a beta of 0.85. Twitter Inc. has a 52 week low of $15.67 and a 52 week high of $36.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 10.23 and a current ratio of 10.23.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Wednesday, April 25th. The social networking company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.15. The company had revenue of $665.00 million for the quarter, compared to analyst estimates of $607.56 million. Twitter had a net margin of 0.57% and a return on equity of 2.81%. The firm’s revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. analysts anticipate that Twitter Inc. will post 0.35 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 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.

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)

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply