Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Musk offers to buy Twitter in cash....
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="SlugSlinger" data-source="post: 3763050" data-attributes="member: 7248"><p><h3>Vanguard Just Became the Largest Twitter (TWTR) Stock Holder. Here’s Why.</h3><p>The firm recently purchased an additional 12 million shares of TWTR</p><p>3h ago · By <a href="https://investorplace.com/author/epan/" target="_blank">Eddie Pan</a>, InvestorPlace Assistant News Writer</p><p><strong>Twitter</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/twtr-stock-quote/" target="_blank"><strong><u>TWTR</u></strong></a>) is in full focus today after <strong>Tesla</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/" target="_blank"><strong><u>TSLA</u></strong></a>) CEO Elon Musk announced an <a href="https://investorplace.com/2022/04/elon-musk-wants-to-buy-twitter-heres-what-that-means-for-twtr-stock/" target="_blank">offer to buy</a> the social media platform for $54.20 per share. Oddly enough, shares of TWTR stock closed the day down 1.7%. This is likely because Musk’s offer may not come to fruition.</p><p></p><p>Currently, Twitter is reportedly weighing a <a href="https://deadline.com/2022/04/elon-musk-offers-41-4bn-to-buy-twitter-1235002295/" target="_blank">“poison pill”</a> option that may discourage Musk from acquiring the company. A poison pill provision effectively makes an acquisition less attractive by allowing existing shareholders to purchase shares at <a href="https://www.investopedia.com/terms/p/poisonpill.asp#:~:text=Key%20Takeaways,of%20a%20new%2C%20hostile%20party." target="_blank">less than market value</a>. On top of this news, Saudi Prince Alwaleed bin Talal — a large shareholder of the company — voiced his <a href="https://twitter.com/Alwaleed_Talal/status/1514615956986757127" target="_blank">disapproval</a> of the acquisition.</p><p>Prior to all this Twitter drama, however, one investment firm with over <a href="https://whalewisdom.com/filer/vanguard-group-inc#tabschedule13d_tab_link" target="_blank">$6.67 trillion</a> in assets under management (AUM) reported increasing its existing TWTR position. Let’s jump into the details.</p><p></p><p></p><h4>Vanguard Buys TWTR Stock</h4><p>According to an <a href="https://fintel.io/doc/sec/1418091/000110465922044262/tv0013-twitterinc.htm" target="_blank">amended 13G filing,</a> Vanguard now owns 82.40 million shares of TWTR stock, which equates to a 10.29% stake. That’s <a href="https://fintel.io/so/us/twtr/vanguard-group" target="_blank">roughly 12 million shares more</a> — or 17% — than when the firm last reported its stake in the company back in early February. Vanguard is now the largest shareholder of TWTR stock, beating out Elon Musk.</p><p>The “date of event” on the 13G filing was March 31, meaning Vanguard increased its position sometime in March. Securities regulatory provisions state that any institutional investor who owns more than 10% of a company must file a 13G form “within <a href="https://www.mintz.com/sites/default/files/viewpoints/orig/14/2015/02/Memo_-Summary-of-Schedule-13D-and-13G-Filing-Obligations-DOC1.pdf" target="_blank">10 calendar days</a> reporting the holdings as of the close of the month.” Therefore, the date of event signifies Vanguard’s TWTR holdings as of March 31. In February, Vanguard reported an 8.8% stake, so its most recent purchase pushed it above the 10% threshold.</p><p>Vanguard has an <a href="https://whalewisdom.com/filer/vanguard-group-inc#tabsummary_tab_link" target="_blank">average holding period</a> of 38.62 quarters (or nearly 10 years) for the stocks in its portfolio. As a result, investors should expect the firm to keep its shares of Twitter for the long term. However, Vanguard made its purchase before the Musk acquisition offer. Because of that, it will be interesting to see if the firm adjusts its position based on recent news.</p><p>Why did Vanguard increase its Twitter stake in the first place? Institutional investors are not required to disclose their reasons behind purchases or sales. Nonetheless, Twitter has experienced major changes this year, such as the departure of former CEO Jack Dorsey. With new CEO Parag Agrawal now on board, it’s likely he will enact different business decisions and goals. Vanguard’s recent purchase may be a stamp of approval for the company’s new leadership.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3763050, member: 7248"] [HEADING=2]Vanguard Just Became the Largest Twitter (TWTR) Stock Holder. Here’s Why.[/HEADING] The firm recently purchased an additional 12 million shares of TWTR 3h ago · By [URL='https://investorplace.com/author/epan/']Eddie Pan[/URL], InvestorPlace Assistant News Writer [B]Twitter[/B] (NYSE:[URL='https://investorplace.com/stock-quotes/twtr-stock-quote/'][B][U]TWTR[/U][/B][/URL]) is in full focus today after [B]Tesla[/B] (NASDAQ:[URL='https://investorplace.com/stock-quotes/tsla-stock-quote/'][B][U]TSLA[/U][/B][/URL]) CEO Elon Musk announced an [URL='https://investorplace.com/2022/04/elon-musk-wants-to-buy-twitter-heres-what-that-means-for-twtr-stock/']offer to buy[/URL] the social media platform for $54.20 per share. Oddly enough, shares of TWTR stock closed the day down 1.7%. This is likely because Musk’s offer may not come to fruition. Currently, Twitter is reportedly weighing a [URL='https://deadline.com/2022/04/elon-musk-offers-41-4bn-to-buy-twitter-1235002295/']“poison pill”[/URL] option that may discourage Musk from acquiring the company. A poison pill provision effectively makes an acquisition less attractive by allowing existing shareholders to purchase shares at [URL='https://www.investopedia.com/terms/p/poisonpill.asp#:~:text=Key%20Takeaways,of%20a%20new%2C%20hostile%20party.']less than market value[/URL]. On top of this news, Saudi Prince Alwaleed bin Talal — a large shareholder of the company — voiced his [URL='https://twitter.com/Alwaleed_Talal/status/1514615956986757127']disapproval[/URL] of the acquisition. Prior to all this Twitter drama, however, one investment firm with over [URL='https://whalewisdom.com/filer/vanguard-group-inc#tabschedule13d_tab_link']$6.67 trillion[/URL] in assets under management (AUM) reported increasing its existing TWTR position. Let’s jump into the details. [HEADING=3]Vanguard Buys TWTR Stock[/HEADING] According to an [URL='https://fintel.io/doc/sec/1418091/000110465922044262/tv0013-twitterinc.htm']amended 13G filing,[/URL] Vanguard now owns 82.40 million shares of TWTR stock, which equates to a 10.29% stake. That’s [URL='https://fintel.io/so/us/twtr/vanguard-group']roughly 12 million shares more[/URL] — or 17% — than when the firm last reported its stake in the company back in early February. Vanguard is now the largest shareholder of TWTR stock, beating out Elon Musk. The “date of event” on the 13G filing was March 31, meaning Vanguard increased its position sometime in March. Securities regulatory provisions state that any institutional investor who owns more than 10% of a company must file a 13G form “within [URL='https://www.mintz.com/sites/default/files/viewpoints/orig/14/2015/02/Memo_-Summary-of-Schedule-13D-and-13G-Filing-Obligations-DOC1.pdf']10 calendar days[/URL] reporting the holdings as of the close of the month.” Therefore, the date of event signifies Vanguard’s TWTR holdings as of March 31. In February, Vanguard reported an 8.8% stake, so its most recent purchase pushed it above the 10% threshold. Vanguard has an [URL='https://whalewisdom.com/filer/vanguard-group-inc#tabsummary_tab_link']average holding period[/URL] of 38.62 quarters (or nearly 10 years) for the stocks in its portfolio. As a result, investors should expect the firm to keep its shares of Twitter for the long term. However, Vanguard made its purchase before the Musk acquisition offer. Because of that, it will be interesting to see if the firm adjusts its position based on recent news. Why did Vanguard increase its Twitter stake in the first place? Institutional investors are not required to disclose their reasons behind purchases or sales. Nonetheless, Twitter has experienced major changes this year, such as the departure of former CEO Jack Dorsey. With new CEO Parag Agrawal now on board, it’s likely he will enact different business decisions and goals. Vanguard’s recent purchase may be a stamp of approval for the company’s new leadership. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Musk offers to buy Twitter in cash....
Search titles only
By:
Top
Bottom