Public Employees Retirement Association of Colorado boosted its stake in Twitter, Inc. (NYSE:TWTR) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 115,758 shares of the social networking company’s stock after buying an additional 939 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Twitter were worth $2,069,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TWTR. Mosaic Family Wealth LLC increased its stake in Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock valued at $105,000 after buying an additional 875 shares during the period. Advisory Services Network LLC acquired a new stake in Twitter during the first quarter valued at $107,000. Nicolet Bankshares Inc. increased its stake in Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock valued at $117,000 after buying an additional 5,434 shares during the period. Westside Investment Management Inc. increased its stake in Twitter by 46.0% in the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock valued at $152,000 after buying an additional 3,295 shares during the period. Finally, TRUE Private Wealth Advisors acquired a new stake in Twitter during the first quarter valued at $153,000. 47.02% of the stock is owned by institutional investors.

Twitter, Inc. (NYSE:TWTR) opened at 16.14 on Thursday. Twitter, Inc. has a 52 week low of $14.12 and a 52 week high of $25.25. The stock’s 50 day moving average price is $18.12 and its 200 day moving average price is $16.89. The firm’s market capitalization is $11.78 billion.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The firm had revenue of $574 million during the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. On average, equities analysts expect that Twitter, Inc. will post $0.34 EPS for the current year.

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TWTR has been the subject of several research analyst reports. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $19.17 target price for the company in a research report on Monday, June 12th. Zacks Investment Research upgraded Twitter from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research report on Friday, April 28th. Aegis reiterated a “sell” rating and set a $12.00 target price on shares of Twitter in a research report on Thursday, April 13th. Barclays PLC reiterated an “underweight” rating and set a $14.00 target price on shares of Twitter in a research report on Monday, April 17th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $20.00 target price on shares of Twitter in a research report on Friday, April 28th. Sixteen investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have given a buy rating to the stock. Twitter presently has an average rating of “Hold” and a consensus target price of $15.57.

In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $17.46, for a total transaction of $261,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Kaiden sold 7,775 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $16.28, for a total value of $126,577.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,749,473 shares of company stock valued at $50,829,693. 9.18% of the stock is owned by company insiders.

About Twitter

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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