Intercontinental Wealth Advisors LLC Sells 504 Shares of Twitter, Inc. (NYSE:TWTR)

Intercontinental Wealth Advisors LLC lessened its position in shares of Twitter, Inc. (NYSE:TWTRGet Rating) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,361 shares of the social networking company’s stock after selling 504 shares during the quarter. Intercontinental Wealth Advisors LLC’s holdings in Twitter were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of Twitter by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 14,314,021 shares of the social networking company’s stock worth $617,134,000 after acquiring an additional 378,646 shares during the period. Nikko Asset Management Americas Inc. increased its stake in shares of Twitter by 30.4% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 10,297,193 shares of the social networking company’s stock worth $448,546,000 after acquiring an additional 2,400,339 shares during the period. Norges Bank acquired a new stake in shares of Twitter in the fourth quarter worth $313,565,000. Capital World Investors acquired a new stake in shares of Twitter in the fourth quarter worth $304,660,000. Finally, Renaissance Technologies LLC increased its stake in shares of Twitter by 2,650.9% in the fourth quarter. Renaissance Technologies LLC now owns 4,404,196 shares of the social networking company’s stock worth $190,349,000 after acquiring an additional 4,244,096 shares during the period. Institutional investors and hedge funds own 91.72% of the company’s stock.

Twitter Stock Up 3.6 %

Twitter stock opened at $42.52 on Friday. Twitter, Inc. has a 12-month low of $31.30 and a 12-month high of $69.81. The company has a 50-day moving average price of $38.84 and a 200 day moving average price of $39.54. The company has a debt-to-equity ratio of 0.88, a quick ratio of 7.15 and a current ratio of 7.15.

Twitter (NYSE:TWTRGet Rating) last released its quarterly earnings data on Friday, July 22nd. The social networking company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.22). Twitter had a negative return on equity of 0.82% and a negative net margin of 2.14%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business posted $0.04 earnings per share. Twitter’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, analysts expect that Twitter, Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder H R. H. Prince Alwaleed Bin Saud purchased 490,000 shares of the company’s stock in a transaction on Friday, May 13th. The stock was acquired at an average cost of $40.73 per share, for a total transaction of $19,957,700.00. Following the completion of the transaction, the insider now directly owns 30,590,078 shares in the company, valued at $1,245,933,876.94. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Twitter news, CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $47.85, for a total transaction of $239,250.00. Following the completion of the sale, the chief financial officer now directly owns 720,858 shares in the company, valued at $34,493,055.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder H R. H. Prince Alwaleed Bin Saud acquired 490,000 shares of the stock in a transaction dated Friday, May 13th. The stock was acquired at an average cost of $40.73 per share, with a total value of $19,957,700.00. Following the purchase, the insider now owns 30,590,078 shares of the company’s stock, valued at approximately $1,245,933,876.94. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 546,266 shares of company stock worth $20,473,890. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Twitter from $54.20 to $30.00 and set a “hold” rating on the stock in a research note on Monday, July 11th. Moffett Nathanson lowered their price target on shares of Twitter to $34.00 in a report on Monday, July 25th. StockNews.com downgraded shares of Twitter from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Mizuho lowered their price target on shares of Twitter from $54.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, July 11th. Finally, Robert W. Baird lowered their price target on shares of Twitter from $45.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, July 11th. Three analysts have rated the stock with a sell rating, twenty-six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.53.

Twitter Company Profile

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Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.

Further Reading

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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