PineView Asset Management LP Has $35.69 Million Position in Twitter, Inc. (TWTR)

PineView Asset Management LP increased its holdings in Twitter, Inc. (NYSE:TWTR) by 179.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 799,121 shares of the social networking company’s stock after buying an additional 513,084 shares during the quarter. Twitter comprises approximately 9.8% of PineView Asset Management LP’s investment portfolio, making the stock its 5th largest holding. PineView Asset Management LP owned 0.11% of Twitter worth $35,689,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Independence Advisors LLC acquired a new position in Twitter in the 2nd quarter worth approximately $231,000. Gilder Gagnon Howe & Co. LLC increased its holdings in Twitter by 112.3% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock worth $157,000 after buying an additional 4,645 shares during the period. Federated Investors Inc. PA acquired a new position in Twitter in the 2nd quarter worth approximately $174,000. NEXT Financial Group Inc increased its holdings in Twitter by 6.3% in the 2nd quarter. NEXT Financial Group Inc now owns 11,030 shares of the social networking company’s stock worth $197,000 after buying an additional 650 shares during the period. Finally, Fiera Capital Corp acquired a new position in Twitter in the 2nd quarter worth approximately $213,000. Institutional investors own 49.14% of the company’s stock.

Several brokerages recently weighed in on TWTR. Wells Fargo & Company reiterated a “market perform” rating on shares of Twitter in a report on Saturday, July 22nd. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $15.00 price objective on shares of Twitter in a research note on Saturday, July 22nd. Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 price objective on shares of Twitter in a research note on Saturday, July 22nd. Canaccord Genuity reaffirmed a “hold” rating and set a $15.00 price objective on shares of Twitter in a research note on Monday, July 24th. Finally, Wedbush cut shares of Twitter from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $14.00 to $16.00 in a research note on Monday, July 24th. Fifteen investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have given a buy rating to the company’s stock. Twitter currently has a consensus rating of “Hold” and a consensus price target of $15.44.

Twitter, Inc. (TWTR) traded down 2.19% during midday trading on Friday, reaching $17.85. The company had a trading volume of 16,418,956 shares. The firm’s 50-day moving average price is $17.23 and its 200 day moving average price is $17.12. Twitter, Inc. has a 12 month low of $14.12 and a 12 month high of $20.88. The firm’s market capitalization is $13.08 billion.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The firm had revenue of $574.00 million during the quarter, compared to analyst estimates of $536.63 million. During the same quarter last year, the firm earned $0.13 EPS. Twitter’s quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts anticipate that Twitter, Inc. will post $0.33 earnings per share for the current fiscal year.

In other Twitter news, insider Robert Kaiden sold 3,695 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.78, for a total transaction of $62,002.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Vijaya Gadde sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $18.03, for a total value of $135,225.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,253,600 shares of company stock valued at $40,779,711. 10.79% of the stock is owned by insiders.

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Twitter Company Profile

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.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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