DAVENPORT & Co LLC decreased its holdings in shares of Twitter, Inc. (NYSE:TWTR) by 3.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,950 shares of the social networking company’s stock after selling 292 shares during the period. DAVENPORT & Co LLC’s holdings in Twitter were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SRS Investment Management LLC grew its position in Twitter by 137.4% in the 3rd quarter. SRS Investment Management LLC now owns 7,809,915 shares of the social networking company’s stock worth $347,541,000 after purchasing an additional 4,519,930 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Twitter by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,730,106 shares of the social networking company’s stock worth $165,990,000 after purchasing an additional 109,404 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Twitter by 105.8% in the 3rd quarter. Great West Life Assurance Co. Can now owns 2,144,943 shares of the social networking company’s stock worth $52,058,000 after purchasing an additional 1,102,456 shares during the last quarter. Ninety One UK Ltd grew its position in Twitter by 173.8% in the 3rd quarter. Ninety One UK Ltd now owns 1,918,738 shares of the social networking company’s stock worth $85,384,000 after purchasing an additional 1,218,064 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in Twitter by 2.6% in the 3rd quarter. California Public Employees Retirement System now owns 1,610,476 shares of the social networking company’s stock worth $71,666,000 after purchasing an additional 40,900 shares during the last quarter. Hedge funds and other institutional investors own 71.92% of the company’s stock.

In related news, insider Michael Montano sold 2,250 shares of the business’s stock in a transaction on Tuesday, January 5th. The shares were sold at an average price of $53.50, for a total transaction of $120,375.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Robert Kaiden sold 11,969 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $40.67, for a total transaction of $486,779.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 318,168 shares of company stock worth $14,285,823. 2.64% of the stock is currently owned by insiders.

TWTR has been the subject of several recent analyst reports. MKM Partners upgraded shares of Twitter from a “neutral” rating to a “buy” rating and increased their price objective for the company from $47.00 to $60.00 in a report on Wednesday. Smith Barney Citigroup increased their price objective on shares of Twitter from $36.00 to $42.00 in a report on Monday, November 2nd. JPMorgan Chase & Co. set a $65.00 price objective on shares of Twitter and gave the company an “overweight” rating in a report on Wednesday, December 16th. Pivotal Research increased their price objective on shares of Twitter from $59.75 to $64.00 and gave the company a “buy” rating in a report on Friday, October 30th. Finally, Mizuho raised their target price on shares of Twitter from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, October 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and thirteen have assigned a buy rating to the stock. Twitter has an average rating of “Hold” and a consensus target price of $42.51.

NYSE TWTR traded up $0.64 on Wednesday, reaching $47.68. The stock had a trading volume of 501,630 shares, compared to its average volume of 21,931,629. The business has a 50 day moving average price of $51.25 and a 200 day moving average price of $43.24. Twitter, Inc. has a 1 year low of $20.00 and a 1 year high of $56.11. The company has a market capitalization of $37.92 billion, a price-to-earnings ratio of -35.08 and a beta of 0.81. The company has a current ratio of 10.10, a quick ratio of 10.10 and a debt-to-equity ratio of 0.45.

Twitter (NYSE:TWTR) last posted its earnings results on Thursday, October 29th. The social networking company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.26. Twitter had a negative net margin of 32.54% and a negative return on equity of 12.17%. The firm had revenue of $936.23 million for the quarter, compared to the consensus estimate of $773.16 million. During the same period in the prior year, the business posted $0.17 earnings per share. The business’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts anticipate that Twitter, Inc. will post -1.57 earnings per share for the current fiscal year.

Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time United States and internationally. 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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