Twitter Inc (NYSE:TWTR) Shares Sold by Gateway Investment Advisers LLC

Share on StockTwits

Gateway Investment Advisers LLC reduced its position in shares of Twitter Inc (NYSE:TWTR) by 73.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,197 shares of the social networking company’s stock after selling 20,177 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Twitter were worth $297,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Resources Investment Advisors LLC. purchased a new position in Twitter during the second quarter worth about $30,000. Ellevest Inc. boosted its stake in Twitter by 4,150.0% during the second quarter. Ellevest Inc. now owns 850 shares of the social networking company’s stock worth $30,000 after buying an additional 830 shares during the period. Truvestments Capital LLC boosted its stake in Twitter by 55.7% during the third quarter. Truvestments Capital LLC now owns 836 shares of the social networking company’s stock worth $34,000 after buying an additional 299 shares during the period. Optimus Prime Fund Management Co. Ltd. purchased a new position in Twitter during the second quarter worth about $35,000. Finally, Kings Point Capital Management purchased a new position in Twitter during the second quarter worth about $35,000. Hedge funds and other institutional investors own 69.22% of the company’s stock.

Several brokerages have weighed in on TWTR. Citigroup set a $45.00 target price on shares of Twitter and gave the stock a “hold” rating in a research note on Friday, September 6th. Pivotal Research lowered their target price on shares of Twitter from $49.75 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 11th. SunTrust Banks increased their target price on shares of Twitter to $41.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. They noted that the move was a valuation call. Rosenblatt Securities began coverage on shares of Twitter in a research note on Tuesday, July 23rd. They set a “neutral” rating and a $38.00 target price for the company. Finally, Zacks Investment Research lowered shares of Twitter from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a research note on Monday, September 30th. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.19.

In related news, CAO Robert Kaiden sold 10,437 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $40.47, for a total value of $422,385.39. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David S. Rosenblatt sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $40.04, for a total transaction of $1,601,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,087 shares of company stock worth $5,773,613. 2.65% of the stock is owned by corporate insiders.

NYSE TWTR opened at $38.99 on Monday. The firm has a 50 day simple moving average of $41.86 and a 200-day simple moving average of $38.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.33 and a current ratio of 4.33. Twitter Inc has a one year low of $26.26 and a one year high of $45.85. The firm has a market cap of $30.62 billion, a price-to-earnings ratio of 70.89, a PEG ratio of 0.82 and a beta of 0.59.

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

Twitter Company 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.

Recommended Story: What are the Benefits of Index Funds?

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.