Twitter, Inc. (NYSE:TWTR) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in shares of Twitter, Inc. (NYSE:TWTR) by 142.1% during the first quarter, HoldingsChannel reports. The firm owned 172,478 shares of the social networking company’s stock after purchasing an additional 101,222 shares during the quarter. Teacher Retirement System of Texas’ holdings in Twitter were worth $10,975,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TWTR. Future Financial Wealth Managment LLC acquired a new position in shares of Twitter during the fourth quarter worth $271,000. Cambridge Investment Research Advisors Inc. raised its holdings in Twitter by 7.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 78,777 shares of the social networking company’s stock valued at $4,266,000 after acquiring an additional 5,280 shares in the last quarter. Galvin Gaustad & Stein LLC acquired a new stake in Twitter in the fourth quarter valued at $289,000. Maryland State Retirement & Pension System acquired a new stake in Twitter in the fourth quarter valued at $644,000. Finally, Sigma Investment Counselors Inc. acquired a new stake in Twitter in the fourth quarter valued at $324,000. 78.23% of the stock is currently owned by institutional investors and hedge funds.

TWTR stock opened at $60.30 on Friday. The firm has a market capitalization of $48.13 billion, a P/E ratio of -51.54 and a beta of 0.74. The business has a 50-day moving average of $60.45. Twitter, Inc. has a fifty-two week low of $28.23 and a fifty-two week high of $80.75. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.55.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, April 29th. The social networking company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. Twitter had a negative net margin of 23.05% and a negative return on equity of 11.06%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. On average, sell-side analysts expect that Twitter, Inc. will post 0.26 EPS for the current fiscal year.

In other Twitter news, insider Michael Montano sold 2,250 shares of the company’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $64.14, for a total transaction of $144,315.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Derella sold 18,563 shares of the company’s stock in a transaction dated Wednesday, May 5th. The shares were sold at an average price of $54.06, for a total transaction of $1,003,515.78. The disclosure for this sale can be found here. Insiders sold a total of 82,787 shares of company stock valued at $4,713,231 over the last three months. 2.56% of the stock is owned by corporate insiders.

TWTR has been the topic of several recent analyst reports. Morgan Stanley cut their price target on shares of Twitter from $68.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, April 30th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut their price target on shares of Twitter from $80.00 to $58.00 in a report on Monday, May 10th. BMO Capital Markets cut their price target on shares of Twitter from $80.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, May 3rd. Argus boosted their target price on shares of Twitter from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, April 16th. Finally, Oppenheimer lowered their target price on shares of Twitter from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, April 30th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and sixteen have given a buy rating to the company. Twitter has a consensus rating of “Hold” and an average price target of $68.57.

Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time United States, Japan, and internationally. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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