Twitter Inc (TWTR) Stake Lowered by ClariVest Asset Management LLC

ClariVest Asset Management LLC decreased its position in Twitter Inc (NYSE:TWTR) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 632,723 shares of the social networking company’s stock after selling 28,815 shares during the quarter. ClariVest Asset Management LLC owned approximately 0.08% of Twitter worth $18,185,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TWTR. Financial Gravity Companies Inc. bought a new position in Twitter during the fourth quarter worth $27,000. Legacy Financial Advisors Inc. increased its position in Twitter by 5,495.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,175 shares of the social networking company’s stock worth $34,000 after acquiring an additional 1,154 shares during the period. Ipswich Investment Management Co. Inc. bought a new position in Twitter during the fourth quarter worth $52,000. Rehmann Capital Advisory Group increased its position in Twitter by 50.2% during the third quarter. Rehmann Capital Advisory Group now owns 1,834 shares of the social networking company’s stock worth $52,000 after acquiring an additional 613 shares during the period. Finally, Essex Savings Bank bought a new position in Twitter during the fourth quarter worth $62,000. 64.07% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Twitter from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 29th. Wedbush set a $37.00 price target on shares of Twitter and gave the stock a “hold” rating in a research note on Friday. ValuEngine downgraded shares of Twitter from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird decreased their price target on shares of Twitter to $33.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Pivotal Research reiterated a “hold” rating and set a $28.00 price target on shares of Twitter in a research note on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $35.13.

Shares of NYSE:TWTR opened at $30.01 on Monday. Twitter Inc has a 52 week low of $26.19 and a 52 week high of $47.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 4.61 and a current ratio of 4.69. The firm has a market capitalization of $22.85 billion, a PE ratio of 54.56, a PEG ratio of 5.01 and a beta of 0.43.

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

In related news, Director Evan Clark Williams sold 682,242 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $33.18, for a total transaction of $22,636,789.56. Following the transaction, the director now owns 1,388,288 shares in the company, valued at approximately $46,063,395.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ned D. Segal sold 6,000 shares of the company’s stock in a transaction dated 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. Insiders sold a total of 7,075,100 shares of company stock worth $227,040,779 in the last 90 days. 6.62% of the stock is owned by corporate insiders.

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Twitter Profile

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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