This week marks the one year anniversary of Twitter Inc.’s (NYSE: TWTR) $1.82 billion initial public offering. When the 70 million share offering was priced on November 6th of last year, the shares were offered to investors at $26 each and subsequently closed on its first trade day of November 7, 2013 at $44.90 for a gain of 73%. However, since that time, TWTR shares have retreated by about -10%. Additionally, during its tenure as a publicly traded company, TWTR had conducted just nine announced acquisitions with the most recent being a deal for password manager Mitro Labs on July 31, 2014.
However, one key observation for the company is the finding that institutional ownership is ebbing. A recent examination of positions held in TWTR show 60 instances of decreased ownership with a reduction of over 163 million shares. Conversely, while nearly three times as many institutions hiked their TWTR stakes then cut them, the aggregate increase was about half of the number of reduced holdings. Oe the other hand, a positive indicator may be the fact that first time institutional ownership in TWTR has outpaced those shares being sold out by a better than 2-to-1 ratio.
Twitter, Inc. - Ownership Activity