Prospera Financial Services Inc Lowers Position in Twitter Inc (NYSE:TWTR)

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Prospera Financial Services Inc cut its holdings in Twitter Inc (NYSE:TWTR) by 22.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,608 shares of the social networking company’s stock after selling 2,479 shares during the quarter. Prospera Financial Services Inc’s holdings in Twitter were worth $249,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Keystone Financial Group lifted its stake in Twitter by 3.5% in the second quarter. Keystone Financial Group now owns 8,093 shares of the social networking company’s stock worth $282,000 after acquiring an additional 270 shares during the period. Corient Capital Partners LLC lifted its position in shares of Twitter by 1.1% during the first quarter. Corient Capital Partners LLC now owns 28,416 shares of the social networking company’s stock valued at $934,000 after buying an additional 301 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Twitter by 1.1% during the second quarter. Impax Asset Management Group plc now owns 28,874 shares of the social networking company’s stock valued at $1,008,000 after buying an additional 309 shares during the last quarter. Signaturefd LLC lifted its position in shares of Twitter by 8.0% during the second quarter. Signaturefd LLC now owns 4,193 shares of the social networking company’s stock valued at $146,000 after buying an additional 310 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in shares of Twitter by 16.5% during the first quarter. Manchester Capital Management LLC now owns 2,329 shares of the social networking company’s stock valued at $77,000 after buying an additional 329 shares during the last quarter. 69.15% of the stock is owned by institutional investors.

Several analysts have commented on the stock. Goldman Sachs Group set a $52.00 price target on shares of Twitter and gave the company a “buy” rating in a research report on Friday, July 26th. SunTrust Banks increased their price target on shares of Twitter to $41.00 and gave the company a “hold” rating in a research report on Monday, July 29th. They noted that the move was a valuation call. Rosenblatt Securities began coverage on shares of Twitter in a research report on Tuesday, July 23rd. They set a “neutral” rating and a $38.00 price target for the company. Jefferies Financial Group increased their price objective on shares of Twitter from $41.00 to $44.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $35.00 price objective (up from $32.00) on shares of Twitter in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $41.35.

In other news, insider Michael Montano sold 1,250 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $36.00, for a total transaction of $45,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ned D. Segal sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $43.88, for a total transaction of $351,040.00. The disclosure for this sale can be found here. Insiders have sold a total of 125,952 shares of company stock worth $5,053,079 in the last ninety days. Corporate insiders own 2.65% of the company’s stock.

NYSE:TWTR traded down $0.34 during midday trading on Thursday, hitting $42.90. The company’s stock had a trading volume of 4,854,291 shares, compared to its average volume of 10,866,160. Twitter Inc has a fifty-two week low of $26.19 and a fifty-two week high of $45.85. The firm’s 50 day moving average is $42.24 and its 200-day moving average is $37.42. 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 firm has a market cap of $33.64 billion, a P/E ratio of 78.00, a P/E/G ratio of 0.88 and a beta of 0.58.

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