State of Wisconsin Investment Board Increases Holdings in Twitter, Inc. (TWTR)

State of Wisconsin Investment Board raised its holdings in shares of Twitter, Inc. (NYSE:TWTR) by 14.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 826,450 shares of the social networking company’s stock after buying an additional 104,879 shares during the period. State of Wisconsin Investment Board owned about 0.11% of Twitter worth $13,942,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Rothschild Asset Management Inc. increased its holdings in Twitter by 0.4% during the second quarter. Rothschild Asset Management Inc. now owns 35,078 shares of the social networking company’s stock valued at $627,000 after buying an additional 151 shares during the last quarter. Nordea Investment Management AB increased its holdings in Twitter by 2.3% during the second quarter. Nordea Investment Management AB now owns 19,027 shares of the social networking company’s stock valued at $340,000 after buying an additional 422 shares during the last quarter. Comerica Bank increased its holdings in Twitter by 1.8% during the second quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock valued at $557,000 after buying an additional 489 shares during the last quarter. Lincoln National Corp increased its holdings in Twitter by 5.1% during the second quarter. Lincoln National Corp now owns 16,200 shares of the social networking company’s stock valued at $289,000 after buying an additional 785 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its holdings in Twitter by 3.4% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 24,015 shares of the social networking company’s stock valued at $429,000 after buying an additional 800 shares during the last quarter. 49.71% of the stock is owned by institutional investors and hedge funds.

In other news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $16.07, for a total transaction of $241,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Kaiden sold 3,695 shares of Twitter stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $16.78, for a total transaction of $62,002.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,621,445 shares of company stock valued at $71,079,281. Company insiders own 9.18% of the company’s stock.

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Shares of Twitter, Inc. (NYSE:TWTR) opened at $20.17 on Tuesday. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter, Inc. has a 12 month low of $14.12 and a 12 month high of $21.96.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The business had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $586.22 million. During the same period in the previous year, the business posted $0.09 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. sell-side analysts expect that Twitter, Inc. will post 0.02 earnings per share for the current fiscal year.

A number of analysts have commented on TWTR shares. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 target price for the company in a report on Monday, October 23rd. Stifel Nicolaus raised shares of Twitter from a “sell” rating to a “hold” rating and increased their price objective for the stock from $12.00 to $17.00 in a research note on Thursday, October 26th. Wells Fargo & Company reissued a “market perform” rating on shares of Twitter in a research note on Saturday, July 22nd. BidaskClub raised shares of Twitter from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $20.00 price objective on shares of Twitter in a research note on Sunday, July 30th. Twelve equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.67.

Twitter Profile

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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