California State Teachers Retirement System boosted its position in shares of Twitter Inc. (NYSE:TWTR) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,162,018 shares of the social networking company’s stock after buying an additional 4,704 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Twitter worth $27,900,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Avestar Capital LLC purchased a new position in shares of Twitter in the fourth quarter worth about $103,000. Balentine LLC lifted its stake in shares of Twitter by 86.6% in the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after buying an additional 3,167 shares in the last quarter. Marcus Capital LLC purchased a new position in shares of Twitter in the fourth quarter worth about $212,000. Telemus Capital LLC purchased a new position in shares of Twitter in the fourth quarter worth about $214,000. Finally, Malaga Cove Capital LLC purchased a new position in shares of Twitter in the third quarter worth about $154,000. Institutional investors own 54.67% of the company’s stock.
In other news, General Counsel Vijaya Gadde sold 15,000 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $23.28, for a total transaction of $349,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 18,347 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $24.17, for a total transaction of $443,446.99. Following the transaction, the director now directly owns 2,291,665 shares in the company, valued at $55,389,543.05. The disclosure for this sale can be found here. Insiders sold a total of 2,271,075 shares of company stock worth $72,908,543 over the last three months. 10.79% of the stock is currently owned by corporate insiders.
TWTR stock traded down $0.54 on Friday, hitting $28.10. The company’s stock had a trading volume of 15,317,967 shares, compared to its average volume of 31,476,634. Twitter Inc. has a 1 year low of $14.12 and a 1 year high of $36.80. The company has a market cap of $21,100.43, a price-to-earnings ratio of 468.33, a price-to-earnings-growth ratio of 7.64 and a beta of 0.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 9.12 and a quick ratio of 9.12.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. The company had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $686.12 million. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. Twitter’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. analysts anticipate that Twitter Inc. will post 0.17 earnings per share for the current year.
TWTR has been the subject of several recent analyst reports. Vetr cut shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $25.02 price objective for the company. in a research report on Friday, December 15th. JPMorgan Chase upgraded shares of Twitter from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $20.00 to $27.00 in a research report on Monday, December 18th. Summit Redstone began coverage on shares of Twitter in a research report on Monday, December 18th. They set a “buy” rating and a $26.00 price objective for the company. Zacks Investment Research cut shares of Twitter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Jefferies Group reiterated a “hold” rating and set a $22.00 price target on shares of Twitter in a research report on Monday, January 8th. Eight research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $23.51.
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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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