New Mexico Educational Retirement Board trimmed its position in shares of Twitter Inc (NYSE:TWTR) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,300 shares of the social networking company’s stock after selling 1,000 shares during the period. New Mexico Educational Retirement Board’s holdings in Twitter were worth $1,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Gravity Companies Inc. bought a new position in Twitter during the fourth quarter worth $27,000. JOYN Advisors Inc. boosted its position in Twitter by 258.5% during the fourth quarter. JOYN Advisors Inc. now owns 1,018 shares of the social networking company’s stock worth $29,000 after purchasing an additional 734 shares during the period. Mosaic Family Wealth LLC boosted its position in Twitter by 47.3% during the fourth quarter. Mosaic Family Wealth LLC now owns 1,106 shares of the social networking company’s stock worth $32,000 after purchasing an additional 355 shares during the period. Moody National Bank Trust Division boosted its position in Twitter by 92.6% during the first quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock worth $33,000 after purchasing an additional 478 shares during the period. Finally, First Financial Corp IN bought a new position in Twitter during the first quarter worth $33,000. Institutional investors and hedge funds own 68.37% of the company’s stock.

In other Twitter news, Director Evan Clark Williams sold 24,643 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $30.09, for a total transaction of $741,507.87. Following the completion of the transaction, the director now owns 1,092,572 shares of the company’s stock, valued at $32,875,491.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ned D. Segal sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $30.38, for a total value of $182,280.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 782,189 shares of company stock valued at $24,220,864. Insiders own 6.62% of the company’s stock.

Shares of NYSE TWTR opened at $34.40 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.69 and a quick ratio of 4.69. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of 62.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.50. Twitter Inc has a 12 month low of $26.19 and a 12 month high of $47.79.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, February 7th. The social networking company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.15. The firm had revenue of $908.84 million during the quarter, compared to the consensus estimate of $864.87 million. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The business’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 earnings per share. On average, sell-side analysts predict that Twitter Inc will post 0.46 earnings per share for the current year.

TWTR has been the subject of a number of research analyst reports. BTIG Research reaffirmed a “buy” rating and set a $42.00 price objective (up from $30.00) on shares of Twitter in a research report on Tuesday, February 12th. Goldman Sachs Group reissued a “buy” rating and issued a $36.00 target price on shares of Twitter in a research report on Friday, February 8th. Vertical Group raised shares of Twitter from a “hold” rating to a “buy” rating in a research report on Monday, January 28th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Thursday, January 10th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $44.00 price objective on shares of Twitter in a research report on Thursday, January 10th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.79.

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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, a platform 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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