Ngam Advisors L.P. reduced its position in Twitter Inc. (NYSE:TWTR) by 5.9% during the third quarter, Holdings Channel reports. The institutional investor owned 313,368 shares of the social networking company’s stock after selling 19,608 shares during the period. Ngam Advisors L.P.’s holdings in Twitter were worth $7,223,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Global X Management Co. LLC increased its stake in Twitter by 95.1% in the third quarter. Global X Management Co. LLC now owns 660,346 shares of the social networking company’s stock worth $15,221,000 after buying an additional 321,828 shares in the last quarter. Sei Investments Co. increased its stake in Twitter by 7,650.1% in the third quarter. Sei Investments Co. now owns 149,190 shares of the social networking company’s stock worth $3,439,000 after buying an additional 147,265 shares in the last quarter. US Bancorp DE increased its stake in Twitter by 0.6% in the third quarter. US Bancorp DE now owns 12,010 shares of the social networking company’s stock worth $277,000 after buying an additional 72 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Twitter by 4.6% in the third quarter. Daiwa Securities Group Inc. now owns 239,379 shares of the social networking company’s stock worth $5,517,000 after buying an additional 10,534 shares in the last quarter. Finally, Ingalls & Snyder LLC purchased a new stake in Twitter during the third quarter worth approximately $202,000. Institutional investors own 44.28% of the company’s stock.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

Twitter Inc. (NYSE:TWTR) traded up 1.54% during mid-day trading on Wednesday, hitting $18.47. The stock had a trading volume of 16,727,356 shares. The company’s market cap is $13.08 billion. Twitter Inc. has a one year low of $13.73 and a one year high of $26.25. The company has a 50 day moving average price of $17.97 and a 200-day moving average price of $17.85.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, October 27th. The social networking company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.28. The business had revenue of $616 million for the quarter, compared to analyst estimates of $606.40 million. Twitter had a negative net margin of 15.06% and a negative return on equity of 5.18%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 earnings per share. Equities analysts expect that Twitter Inc. will post $0.52 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on TWTR shares. OTR Global restated a “negative” rating on shares of Twitter in a research report on Wednesday, November 23rd. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $21.11 price objective on the stock in a research report on Wednesday, November 16th. MKM Partners restated a “neutral” rating and set a $18.50 price objective on shares of Twitter in a research report on Tuesday, November 15th. Loop Capital restated a “hold” rating and set a $16.00 price objective on shares of Twitter in a research report on Friday, November 11th. Finally, Wedbush restated a “neutral” rating and set a $14.00 price objective on shares of Twitter in a research report on Friday, November 11th. Ten investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.43.

In other news, insider Adam Messinger sold 4,901 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $23.64, for a total value of $115,859.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert Kaiden sold 3,604 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $20.06, for a total transaction of $72,296.24. The disclosure for this sale can be found here. 10.79% of the stock is currently owned by insiders.

Twitter Company Profile

Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.

5 Day Chart for NYSE:TWTR

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