State of New Jersey Common Pension Fund D purchased a new stake in shares of Twitter Inc (NYSE:TWTR) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 600,000 shares of the social networking company’s stock, valued at approximately $17,076,000.

A number of other institutional investors have also recently bought and sold shares of TWTR. Northern Trust Corp boosted its stake in shares of Twitter by 42.8% in the second quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock worth $449,336,000 after buying an additional 3,084,415 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Twitter by 9.9% in the second quarter. First Trust Advisors LP now owns 8,784,475 shares of the social networking company’s stock worth $383,618,000 after buying an additional 789,000 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Twitter by 4.8% in the second quarter. Legal & General Group Plc now owns 2,918,801 shares of the social networking company’s stock worth $127,464,000 after buying an additional 133,266 shares during the last quarter. ARK Investment Management LLC boosted its stake in shares of Twitter by 2.3% in the second quarter. ARK Investment Management LLC now owns 2,757,845 shares of the social networking company’s stock worth $120,435,000 after buying an additional 60,849 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in Twitter in the 2nd quarter worth about $118,445,000. Institutional investors and hedge funds own 64.55% of the company’s stock.

A number of research firms recently weighed in on TWTR. Macquarie cut Twitter from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $36.00 to $42.00 in a report on Wednesday, July 18th. They noted that the move was a valuation call. Wedbush reaffirmed a “hold” rating and issued a $37.00 price target (up previously from $29.00) on shares of Twitter in a report on Friday, July 27th. Morgan Stanley upped their price target on Twitter from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 11th. Zacks Investment Research cut Twitter from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 30th. Finally, Cleveland Research set a $46.00 price target on Twitter and gave the stock a “hold” rating in a report on Tuesday, July 10th. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $32.72.

In related news, insider Robert Kaiden sold 2,315 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $32.26, for a total value of $74,681.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Clark Williams sold 682,242 shares of the stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $42.75, for a total value of $29,165,845.50. Following the completion of the sale, the director now directly owns 1,733,290 shares of the company’s stock, valued at approximately $74,098,147.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,143,751 shares of company stock valued at $135,852,556. Insiders own 10.79% of the company’s stock.

NYSE:TWTR opened at $28.83 on Friday. Twitter Inc has a one year low of $17.03 and a one year high of $47.79. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $22.39 billion, a P/E ratio of 480.50, a P/E/G ratio of 3.80 and a beta of 0.75.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Friday, July 27th. The social networking company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. Twitter had a return on equity of 4.37% and a net margin of 8.57%. The firm had revenue of $710.54 million during the quarter, compared to analysts’ expectations of $697.35 million. During the same quarter last year, the firm earned $0.08 earnings per share. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. As a group, equities research analysts anticipate that Twitter Inc will post 0.35 earnings per share for the current year.

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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