Hartford Investment Management Co. Reduces Stake in Twitter Inc (TWTR)

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Hartford Investment Management Co. lowered its stake in Twitter Inc (NYSE:TWTR) by 0.9% in the fourth quarter, Holdings Channel reports. The fund owned 95,782 shares of the social networking company’s stock after selling 909 shares during the quarter. Hartford Investment Management Co.’s holdings in Twitter were worth $2,753,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TD Asset Management Inc. raised its holdings in Twitter by 4.2% in the 4th quarter. TD Asset Management Inc. now owns 239,410 shares of the social networking company’s stock valued at $6,880,000 after buying an additional 9,600 shares during the last quarter. Essex Savings Bank bought a new position in Twitter in the 4th quarter valued at approximately $62,000. Dupont Capital Management Corp raised its holdings in Twitter by 148.1% in the 4th quarter. Dupont Capital Management Corp now owns 17,350 shares of the social networking company’s stock valued at $499,000 after buying an additional 10,357 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Twitter by 0.4% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 965,577 shares of the social networking company’s stock valued at $27,751,000 after buying an additional 3,645 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in Twitter by 8.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 65,379 shares of the social networking company’s stock valued at $1,879,000 after buying an additional 4,879 shares during the last quarter. 64.07% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Thursday, January 10th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $44.00 price objective on shares of Twitter in a report on Thursday, January 10th. ValuEngine lowered shares of Twitter from a “buy” rating to a “hold” rating in a report on Friday. CIBC upgraded shares of Twitter from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a report on Friday, October 26th. Finally, Wedbush set a $37.00 price objective on shares of Twitter and gave the company a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.13.

In other news, VP Michael Montano sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $30.20, for a total transaction of $37,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ned D. Segal sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $32.16, for a total transaction of $192,960.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,075,100 shares of company stock valued at $227,040,779. Insiders own 6.62% of the company’s stock.

NYSE:TWTR opened at $30.01 on Friday. The company has a market cap of $23.45 billion, a price-to-earnings ratio of 58.11, a PEG ratio of 5.14 and a beta of 0.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.69 and a quick ratio of 4.61. Twitter Inc has a fifty-two week low of $26.19 and a fifty-two week high of $47.79.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, February 7th. The social networking company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.15. The business had revenue of $908.84 million during the quarter, compared to the consensus estimate of $864.87 million. Twitter had a net margin of 39.63% and a return on equity of 8.08%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS. On average, sell-side analysts expect that Twitter Inc will post 0.52 EPS for the current year.

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About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter 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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