Moody National Bank Trust Division Acquires New Holdings in Twitter, Inc. (NYSE:TWTR)

Moody National Bank Trust Division acquired a new stake in shares of Twitter, Inc. (NYSE:TWTRGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,805 shares of the social networking company’s stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TWTR. Equitable Holdings Inc. lifted its position in Twitter by 25.7% during the fourth quarter. Equitable Holdings Inc. now owns 7,186 shares of the social networking company’s stock valued at $311,000 after purchasing an additional 1,467 shares during the period. Ensign Peak Advisors Inc lifted its position in Twitter by 33.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 102,217 shares of the social networking company’s stock valued at $4,418,000 after purchasing an additional 25,752 shares during the period. Level Four Advisory Services LLC lifted its position in Twitter by 45.9% during the fourth quarter. Level Four Advisory Services LLC now owns 14,787 shares of the social networking company’s stock valued at $639,000 after purchasing an additional 4,652 shares during the period. Geode Capital Management LLC lifted its position in Twitter by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 14,314,021 shares of the social networking company’s stock valued at $617,134,000 after purchasing an additional 378,646 shares during the period. Finally, Alberta Investment Management Corp bought a new position in Twitter during the fourth quarter valued at approximately $1,266,000. Institutional investors own 72.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Rosenblatt Securities cut shares of Twitter from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $52.00 to $37.00 in a research note on Wednesday, August 24th. Evercore ISI lowered their target price on Twitter from $60.00 to $54.20 and set an “in-line” rating on the stock in a research report on Thursday, July 7th. Citigroup lifted their target price on Twitter from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, July 25th. TheStreet downgraded Twitter from a “c” rating to a “d+” rating in a research report on Friday, July 22nd. Finally, Robert W. Baird lowered their target price on Twitter from $45.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, July 11th. Three equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.27.

Insiders Place Their Bets

In other Twitter news, CFO Ned D. Segal sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $32.76, for a total transaction of $163,800.00. Following the sale, the chief financial officer now directly owns 711,333 shares of the company’s stock, valued at $23,303,269.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Kayvon Beykpour sold 14,878 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $41.09, for a total transaction of $611,337.02. Following the transaction, the insider now owns 396,341 shares of the company’s stock, valued at $16,285,651.69. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ned D. Segal sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $32.76, for a total value of $163,800.00. Following the transaction, the chief financial officer now directly owns 711,333 shares in the company, valued at approximately $23,303,269.08. The disclosure for this sale can be found here. Insiders have sold 35,799 shares of company stock valued at $1,408,285 over the last ninety days. 2.70% of the stock is owned by insiders.

Twitter Price Performance

NYSE:TWTR opened at $41.66 on Tuesday. The company has a current ratio of 7.15, a quick ratio of 7.15 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $31.88 billion, a P/E ratio of -208.30 and a beta of 0.65. Twitter, Inc. has a 12 month low of $31.30 and a 12 month high of $68.41. The business’s 50-day moving average is $40.65 and its 200 day moving average is $40.90.

Twitter (NYSE:TWTRGet Rating) last issued its quarterly earnings data on Friday, July 22nd. The social networking company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.31). Twitter had a negative return on equity of 0.82% and a negative net margin of 2.14%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned $0.04 earnings per share. The company’s revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Twitter, Inc. will post 0.29 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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