Public Employees Retirement Association of Colorado Has $3.41 Million Position in Twitter Inc (TWTR)

Public Employees Retirement Association of Colorado increased its stake in shares of Twitter Inc (NYSE:TWTR) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,961 shares of the social networking company’s stock after purchasing an additional 1,547 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Twitter were worth $3,414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Linscomb & Williams Inc. grew its stake in Twitter by 5.0% during the 2nd quarter. Linscomb & Williams Inc. now owns 32,906 shares of the social networking company’s stock worth $1,437,000 after purchasing an additional 1,554 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in shares of Twitter by 1.9% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 84,636 shares of the social networking company’s stock worth $3,696,000 after acquiring an additional 1,596 shares in the last quarter. Carnegie Capital Asset Management LLC boosted its position in shares of Twitter by 1.5% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 114,020 shares of the social networking company’s stock worth $3,784,000 after acquiring an additional 1,645 shares in the last quarter. TRUE Private Wealth Advisors boosted its position in shares of Twitter by 14.5% during the 2nd quarter. TRUE Private Wealth Advisors now owns 13,969 shares of the social networking company’s stock worth $610,000 after acquiring an additional 1,771 shares in the last quarter. Finally, Focused Wealth Management Inc boosted its position in shares of Twitter by 144.3% during the 2nd quarter. Focused Wealth Management Inc now owns 3,217 shares of the social networking company’s stock worth $140,000 after acquiring an additional 1,900 shares in the last quarter. 64.80% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on TWTR. TheStreet raised Twitter from a “c” rating to a “b-” rating in a research report on Friday. Pivotal Research reaffirmed a “hold” rating and set a $28.00 price objective on shares of Twitter in a research report on Thursday, October 25th. Nomura upped their price objective on Twitter from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday. Aegis upped their price objective on Twitter from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday. Finally, BMO Capital Markets upped their price objective on Twitter from $31.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $34.75.

TWTR opened at $32.39 on Tuesday. The company has a market capitalization of $24.52 billion, a P/E ratio of 539.83, a PEG ratio of 4.16 and a beta of 0.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.00 and a current ratio of 4.61. Twitter Inc has a 1-year low of $19.26 and a 1-year high of $47.79.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.17. The business had revenue of $758.11 million for the quarter, compared to analysts’ expectations of $703.57 million. Twitter had a return on equity of 6.75% and a net margin of 36.35%. As a group, equities research analysts forecast that Twitter Inc will post 0.35 earnings per share for the current fiscal year.

In other Twitter news, insider Robert Kaiden sold 3,767 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $32.25, for a total transaction of $121,485.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 682,242 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $32.59, for a total value of $22,234,266.78. Following the sale, the director now owns 1,684,204 shares in the company, valued at approximately $54,888,208.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,145,001 shares of company stock worth $126,323,836. Insiders own 6.62% of the company’s stock.

Twitter Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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