PNC Financial Services Group Inc. Has $5.36 Million Stock Position in Twitter, Inc. (NYSE:TWTR)

PNC Financial Services Group Inc. boosted its stake in shares of Twitter, Inc. (NYSE:TWTRGet Rating) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,433 shares of the social networking company’s stock after purchasing an additional 1,038 shares during the period. PNC Financial Services Group Inc.’s holdings in Twitter were worth $5,356,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TWTR. MV Capital Management Inc. boosted its holdings 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 buying an additional 469 shares during the last quarter. Mizuho Securities Co. Ltd. raised its position in Twitter by 750.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 748 shares of the social networking company’s stock worth $29,000 after acquiring an additional 660 shares in the last quarter. Tcwp LLC acquired a new stake in Twitter in the first quarter valued at $30,000. Glassman Wealth Services grew 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 position in shares of Twitter during the 1st quarter worth about $31,000. 72.10% of the stock is currently owned by institutional investors.

Insider Transactions at Twitter

In related news, insider Nick V. Caldwell sold 15,467 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $38.02, for a total value of $588,055.34. Following the completion of the transaction, the insider now owns 396,130 shares in the company, valued at approximately $15,060,862.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Nick V. Caldwell sold 15,467 shares of the business’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $38.02, for a total value of $588,055.34. Following the sale, the insider now owns 396,130 shares of the company’s stock, valued at $15,060,862.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Ned D. Segal sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $38.00, for a total value of $190,000.00. Following the transaction, the chief financial officer now directly owns 716,333 shares of the company’s stock, valued at $27,220,654. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,266 shares of company stock worth $2,186,340. Insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

TWTR has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price target on Twitter from $54.20 to $30.00 and set a “hold” rating for the company in a report on Monday, July 11th. Susquehanna downgraded Twitter from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $45.00 in a research note on Friday, August 5th. Citigroup increased their price target on Twitter from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, July 25th. Cowen reduced their price objective on shares of Twitter from $38.00 to $22.00 and set a “market perform” rating for the company in a research report on Monday, July 25th. Finally, Piper Sandler dropped their price objective on shares of Twitter from $54.20 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 13th. Three equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Twitter currently has a consensus rating of “Hold” and an average price target of $44.27.

Twitter Stock Performance

Shares of Twitter stock opened at $38.63 on Friday. The company’s 50 day moving average price is $40.08 and its two-hundred day moving average price is $40.33. The firm has a market capitalization of $29.56 billion, a P/E ratio of -193.15 and a beta of 0.62. 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 current ratio of 7.15 and a quick ratio of 7.15.

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

Twitter Company Profile

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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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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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