Robeco Institutional Asset Management BV sells 16,308 shares of Twitter, Inc. (NYSE: TWTR)


Robeco Institutional Asset Management BV reduced its equity stake in Twitter, Inc. (NYSE: TWTRGet a rating) by 19.4% in the first quarter, Participation channel reports. The fund held 67,637 shares of the social networking company after selling 16,308 shares during the period. Robeco Institutional Asset Management BV’s holdings in Twitter were worth $2,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also changed their stakes in the company. Mizuho Securities Co.Ltd. increased its stake in Twitter shares by 750.0% during the first quarter. Mizuho Securities Co.Ltd. now owns 748 shares of the social networking company valued at $29,000 after purchasing an additional 660 shares during the period. Amplius Wealth Advisors LLC bought a new stake in Twitter in the fourth quarter worth $31,000. Glassman Wealth Services increased its stake in Twitter by 47.1% in the first quarter. Glassman Wealth Services now owns 803 shares of the social networking company worth $31,000 after acquiring 257 additional shares during the period. Concord Wealth Partners increased its stake in Twitter by 238.1% in the fourth quarter. Concord Wealth Partners now owns 977 shares of the social networking company worth $42,000 after acquiring an additional 688 shares during the period. Finally, Masso Torrence Wealth Management Inc. acquired a new stake in Twitter in the fourth quarter worth $42,000. Institutional investors and hedge funds hold 91.72% of the company’s shares.

Shares of Twitter Stock opened at $36.29 on Friday. The company has a market capitalization of $27.71 billion, a price-earnings ratio of 157.79 and a beta of 0.59. The company’s 50-day moving average is $39.11 and its 200-day moving average is $39.59. Twitter, Inc. has a 12-month low of $31.30 and a 12-month high of $73.34. The company has a quick ratio of 6.58, a current ratio of 6.58 and a leverage ratio of 0.89.

Twitter (NYSE: TWTRGet a rating) last announced its results on Thursday, April 28. The social networking company reported EPS of $0.77 for the quarter, beating analyst consensus estimates of ($0.19) by $0.96. Twitter had a net margin of 4.27% and a return on equity of 3.77%. The company posted revenue of $1.20 billion in the quarter, compared to $1.23 billion expected by analysts. In the same period of the previous year, the company had earned earnings per share of $0.06. The company’s revenue increased 15.9% year over year. Sell-side analysts expect Twitter, Inc. to post EPS of 0.79 for the current fiscal year.

Several brokerages have commented on TWTR. Argus downgraded Twitter from a “buy” rating to a “hold” rating in a Thursday, May 5 research report. Truist Financial downgraded Twitter from a “buy” rating to a “hold” rating and set a price target of $50.00 for the company. in a research report on Thursday, April 21. Goldman Sachs Group reissued a “sell” rating and set a $30.00 price target on Twitter shares in a research report on Friday, April 15. Rosenblatt Securities upgraded Twitter from a “neutral” rating to a “buy” rating and raised its price target for the company from $33.00 to $52.00 in a research report on Thursday. Finally, Loop Capital downgraded Twitter from a “buy” rating to a “hold” rating in a Monday, April 25 report. Two financial analysts gave the stock a sell rating, twenty-four gave the company a hold rating and seven gave the company a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.12.

In other Twitter news, an insider Bruce Falk sold 20,069 shares of the company in a transaction that took place on Wednesday, May 4. The shares were sold at an average price of $48.89, for a total transaction of $981,173.41. Following the completion of the sale, the insider now directly owns 346,210 shares of the company, valued at $16,926,206.90. The sale was disclosed in a filing with the SEC, accessible via this link. Also, CAD Robert Kaiden sold 17,695 shares in a trade on Thursday, May 5. The stock was sold at an average price of $50.50, for a total transaction of $893,597.50. Following the completion of the sale, the accounting director now directly owns 173,721 shares of the company, valued at $8,772,910.50. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 569,152 shares of the company valued at $21,737,324. 2.70% of the shares are held by insiders.

Twitter profile (Get a rating)

Twitter, Inc operates as a platform for public expression and real-time conversation. The company’s core product is Twitter, a platform that enables users to consume, create, distribute and discover content. It also provides promoted products that allow advertisers to promote brands, products and services, as well as 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.

Featured articles

Want to see which other hedge funds hold TWTR? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Twitter, Inc. (NYSE: TWTRGet a rating).

Institutional ownership by quarter for Twitter (NYSE: TWTR)



Receive news and ratings for Twitter daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Twitter and related companies with MarketBeat.com’s free daily email newsletter.

Michael J. Birnbaum