Northwestern Mutual Wealth Management Co. Cuts Stake in Twitter Inc (NYSE:TWTR)

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Northwestern Mutual Wealth Management Co. lessened its stake in shares of Twitter Inc (NYSE:TWTR) by 74.5% in the first quarter, HoldingsChannel reports. The firm owned 5,341 shares of the social networking company’s stock after selling 15,595 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Twitter were worth $175,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new stake in Twitter during the fourth quarter worth approximately $27,000. Moody National Bank Trust Division grew its stake in Twitter by 92.6% in the 1st quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock valued at $33,000 after buying an additional 478 shares in the last quarter. First Financial Corp IN purchased a new position in Twitter in the 1st quarter valued at approximately $33,000. Asset Dedication LLC purchased a new position in Twitter in the 1st quarter valued at approximately $33,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Twitter in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 67.11% of the company’s stock.

TWTR has been the subject of a number of recent analyst reports. Deutsche Bank boosted their price target on shares of Twitter from $35.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Guggenheim restated a “buy” rating and set a $44.00 price target (up from $41.00) on shares of Twitter in a research report on Wednesday, April 24th. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Friday, April 26th. Oppenheimer boosted their price target on shares of Twitter from $33.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Aegis upped their target price on shares of Twitter from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have issued a buy rating to the company’s stock. Twitter presently has an average rating of “Hold” and an average price target of $39.65.

Twitter stock traded up $0.07 during mid-day trading on Wednesday, hitting $37.28. The company’s stock had a trading volume of 93,553 shares, compared to its average volume of 17,139,152. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $29.15 billion, a PE ratio of 67.76, a P/E/G ratio of 2.53 and a beta of 0.69. Twitter Inc has a 12 month low of $26.19 and a 12 month high of $47.79.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.31. The business had revenue of $787.00 million during the quarter, compared to the consensus estimate of $775.16 million. Twitter had a net margin of 42.20% and a return on equity of 8.37%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. As a group, equities analysts expect that Twitter Inc will post 0.64 earnings per share for the current fiscal year.

In other news, insider Michael Montano sold 1,250 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $31.24, for a total transaction of $39,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ned D. Segal sold 6,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,265 shares of company stock valued at $3,352,090. Insiders own 2.65% of the company’s stock.

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About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform 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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