Metropolitan Life Insurance Co. NY Reduces Stake in Twitter Inc (TWTR)

Metropolitan Life Insurance Co. NY cut its position in Twitter Inc (NYSE:TWTR) by 4.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 40,589 shares of the social networking company’s stock after selling 1,784 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Twitter were worth $662,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TWTR. Highland Capital Management LP raised its stake in Twitter by 45.4% in the fourth quarter. Highland Capital Management LP now owns 6,169,150 shares of the social networking company’s stock valued at $100,556,000 after buying an additional 1,926,150 shares during the last quarter. Contrarius Investment Management Ltd raised its stake in Twitter by 31.9% in the third quarter. Contrarius Investment Management Ltd now owns 5,471,146 shares of the social networking company’s stock valued at $126,110,000 after buying an additional 1,323,638 shares during the last quarter. Northern Trust Corp raised its stake in Twitter by 3.7% in the third quarter. Northern Trust Corp now owns 4,923,717 shares of the social networking company’s stock valued at $113,492,000 after buying an additional 173,415 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Twitter by 15.6% in the third quarter. TIAA CREF Investment Management LLC now owns 2,283,838 shares of the social networking company’s stock valued at $52,642,000 after buying an additional 308,711 shares during the last quarter. Finally, Quantitative Investment Management LLC raised its stake in Twitter by 22.2% in the third quarter. Quantitative Investment Management LLC now owns 1,614,300 shares of the social networking company’s stock valued at $37,209,000 after buying an additional 293,500 shares during the last quarter. Hedge funds and other institutional investors own 44.45% of the company’s stock.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

Twitter Inc (NYSE:TWTR) traded up 1.1369% during trading on Thursday, reaching $14.7053. The company’s stock had a trading volume of 4,291,887 shares. Twitter Inc has a 1-year low of $13.73 and a 1-year high of $25.25. The company’s 50-day moving average is $14.93 and its 200-day moving average is $17.05. The company’s market capitalization is $10.54 billion.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, February 9th. The social networking company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. The firm earned $717 million during the quarter, compared to analysts’ expectations of $740.17 million. Twitter had a negative return on equity of 4.59% and a negative net margin of 18.06%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. Equities analysts anticipate that Twitter Inc will post $0.30 EPS for the current year.

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Several equities analysts recently commented on TWTR shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Twitter in a research report on Tuesday. BMO Capital Markets reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Twitter in a research report on Monday. Barclays PLC reaffirmed an “underweight” rating and issued a $14.00 price objective on shares of Twitter in a research report on Monday. Aegis reaffirmed a “sell” rating and issued a $12.00 price objective on shares of Twitter in a research report on Thursday, April 13th. Finally, Canaccord Genuity decreased their price objective on shares of Twitter from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 3rd. Seventeen research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Twitter presently has an average rating of “Hold” and a consensus price target of $15.76.

In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $14.71, for a total transaction of $220,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert Kaiden sold 7,802 shares of the stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $17.67, for a total value of $137,861.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 317,406 shares of company stock valued at $4,697,091. Corporate insiders own 10.79% of the company’s stock.

About Twitter

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

5 Day Chart for NYSE:TWTR

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