411,406 Shares in Twitter, Inc. (NYSE:TWTR) Acquired by Sandia Holdings LLC

Sandia Holdings LLC acquired a new stake in Twitter, Inc. (NYSE:TWTR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 411,406 shares of the social networking company’s stock, valued at approximately $7,352,000. Twitter comprises about 3.4% of Sandia Holdings LLC’s investment portfolio, making the stock its 11th biggest position. Sandia Holdings LLC owned about 0.06% of Twitter as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TWTR. Israel Discount Bank of New York grew its stake in shares of Twitter by 12.0% during the 2nd quarter. Israel Discount Bank of New York now owns 16,774 shares of the social networking company’s stock worth $299,000 after purchasing an additional 1,800 shares during the period. White Pine Capital LLC acquired a new stake in Twitter in the 2nd quarter valued at $445,000. Alliancebernstein L.P. grew its stake in Twitter by 18.3% in the 2nd quarter. Alliancebernstein L.P. now owns 828,947 shares of the social networking company’s stock valued at $14,813,000 after acquiring an additional 128,383 shares during the period. Private Wealth Advisors Inc. grew its stake in Twitter by 3.2% in the 2nd quarter. Private Wealth Advisors Inc. now owns 42,485 shares of the social networking company’s stock valued at $759,000 after acquiring an additional 1,300 shares during the period. Finally, CIBC World Markets Inc. grew its stake in Twitter by 55.7% in the 2nd quarter. CIBC World Markets Inc. now owns 106,962 shares of the social networking company’s stock valued at $1,911,000 after acquiring an additional 38,285 shares during the period. 49.17% of the stock is owned by institutional investors.

Shares of Twitter, Inc. (NYSE TWTR) traded down 1.10% during midday trading on Friday, reaching $18.01. The company’s stock had a trading volume of 12,649,429 shares. The stock’s market capitalization is $13.20 billion. The stock’s 50-day moving average is $16.69 and its 200 day moving average is $16.90. Twitter, Inc. has a 12 month low of $14.12 and a 12 month high of $25.25.

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

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In related news, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $18.28, for a total transaction of $274,200.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Evan Clark Williams sold 546,200 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $18.15, for a total value of $9,913,530.00. Following the transaction, the director now owns 2,658,594 shares of the company’s stock, valued at approximately $48,253,481.10. The disclosure for this sale can be found here. In the last three months, insiders sold 2,361,870 shares of company stock worth $43,006,805. 10.79% of the stock is currently owned by company insiders.

Several research firms have recently commented on TWTR. J P Morgan Chase & Co reiterated a “neutral” rating and set a $15.00 price target on shares of Twitter in a report on Saturday, July 22nd. Morgan Stanley restated an “underweight” rating and issued a $10.00 price objective on shares of Twitter in a report on Saturday, July 22nd. Wells Fargo & Company restated a “market perform” rating on shares of Twitter in a report on Saturday, July 22nd. Canaccord Genuity reiterated a “hold” rating and set a $15.00 price target on shares of Twitter in a research note on Monday, July 24th. Finally, Wedbush lowered shares of Twitter from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $14.00 to $16.00 in a research note on Monday, July 24th. Seventeen research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.49.

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.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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