Kestra Private Wealth Services LLC Has $1.59 Million Holdings in Twitter, Inc. (NYSE:TWTR)

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Kestra Private Wealth Services LLC raised its holdings in shares of Twitter, Inc. (NYSE:TWTRGet Rating) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,196 shares of the social networking company’s stock after purchasing an additional 519 shares during the period. Kestra Private Wealth Services LLC’s holdings in Twitter were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. MV Capital Management Inc. raised its position in shares of Twitter by 191.4% in the 1st quarter. MV Capital Management Inc. now owns 714 shares of the social networking company’s stock valued at $28,000 after acquiring an additional 469 shares during the period. Mizuho Securities Co. Ltd. raised its position in shares of Twitter by 750.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 748 shares of the social networking company’s stock valued at $29,000 after acquiring an additional 660 shares during the period. Tcwp LLC acquired a new stake in shares of Twitter in the 1st quarter valued at approximately $30,000. Glassman Wealth Services raised its position in shares of Twitter by 47.1% in the 1st quarter. Glassman Wealth Services now owns 803 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 257 shares during the period. Finally, Kistler Tiffany Companies LLC acquired a new stake in shares of Twitter in the 1st quarter valued at approximately $31,000. 72.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com downgraded shares of Twitter from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Piper Sandler dropped their target price on shares of Twitter from $54.20 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, July 13th. TheStreet downgraded shares of Twitter from a “c” rating to a “d+” rating in a report on Friday, July 22nd. Robert W. Baird dropped their target price on shares of Twitter from $45.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, July 11th. Finally, Susquehanna Bancshares cut shares of Twitter to a “neutral” rating and decreased their price target for the stock from $50.00 to $45.00 in a research note on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $44.27.

Twitter Stock Down 1.6 %

TWTR opened at $41.45 on Friday. Twitter, Inc. has a fifty-two week low of $31.30 and a fifty-two week high of $68.41. The company has a debt-to-equity ratio of 0.88, a quick ratio of 7.15 and a current ratio of 7.15. The company has a market capitalization of $31.72 billion, a P/E ratio of -207.25 and a beta of 0.65. The stock has a fifty day moving average of $40.56 and a 200-day moving average of $40.77.

Twitter (NYSE:TWTRGet Rating) last posted its quarterly earnings results on Friday, July 22nd. The social networking company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.31). The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.34 billion. Twitter had a negative net margin of 2.14% and a negative return on equity of 0.82%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. On average, equities analysts expect that Twitter, Inc. will post 0.29 EPS for the current year.

Insider Activity at Twitter

In other Twitter news, CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $42.80, for a total value of $214,000.00. Following the transaction, the chief financial officer now owns 688,333 shares in the company, valued at $29,460,652.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Twitter news, insider Kayvon Beykpour sold 14,878 shares of Twitter stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $41.09, for a total value of $611,337.02. Following the transaction, the insider now owns 396,341 shares in the company, valued at $16,285,651.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $42.80, for a total value of $214,000.00. Following the completion of the transaction, the chief financial officer now owns 688,333 shares in the company, valued at approximately $29,460,652.40. The disclosure for this sale can be found here. Insiders sold a total of 35,799 shares of company stock valued at $1,408,285 over the last quarter. 2.70% of the stock is owned by corporate insiders.

About Twitter

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

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