Tredje AP fonden decreased its stake in shares of Twitter Inc (NYSE:TWTR) by 36.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 45,885 shares of the social networking company’s stock after selling 26,837 shares during the period. Tredje AP fonden’s holdings in Twitter were worth $1,509,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TWTR. Financial Gravity Companies Inc. acquired a new stake in Twitter in the 4th quarter valued at $27,000. JOYN Advisors Inc. grew its position in Twitter by 258.5% in the 4th quarter. JOYN Advisors Inc. now owns 1,018 shares of the social networking company’s stock valued at $29,000 after purchasing an additional 734 shares during the period. Mosaic Family Wealth LLC grew its position in Twitter by 47.3% in the 4th quarter. Mosaic Family Wealth LLC now owns 1,106 shares of the social networking company’s stock valued at $32,000 after purchasing an additional 355 shares during the period. Moody National Bank Trust Division grew its position in Twitter by 92.6% in the 1st quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 478 shares during the period. Finally, First Financial Corp IN acquired a new stake in Twitter in the 1st quarter valued at $33,000. 67.13% of the stock is owned by institutional investors.

TWTR has been the subject of several research reports. Deutsche Bank lifted their price target on shares of Twitter from $35.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Guggenheim reissued a “buy” rating and issued a $44.00 price target (up previously from $41.00) on shares of Twitter in a research report on Wednesday, April 24th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Friday, April 26th. Oppenheimer lifted their price target on shares of Twitter from $33.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Aegis lifted their price target on shares of Twitter from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $39.98.

In other news, insider Michael Montano sold 1,250 shares of Twitter stock in a transaction on Monday, May 20th. The stock was sold at an average price of $37.17, for a total transaction of $46,462.50. The transaction 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 Twitter stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $36.84, for a total value of $221,040.00. The disclosure for this sale can be found here. Insiders have sold a total of 83,323 shares of company stock worth $3,128,049 over the last quarter. Company insiders own 2.65% of the company’s stock.

NYSE TWTR opened at $36.44 on Friday. The firm has a market cap of $28.55 billion, a PE ratio of 66.25, a price-to-earnings-growth ratio of 2.47 and a beta of 0.59. Twitter Inc has a one year low of $26.19 and a one year high of $47.79. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.34.

Twitter (NYSE:TWTR) last released its earnings results on Tuesday, April 23rd. The social networking company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.31. The company had revenue of $787.00 million for the quarter, compared to analysts’ expectations of $775.16 million. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 EPS. As a group, sell-side analysts forecast that Twitter Inc will post 0.64 EPS for the current fiscal year.

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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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