Teachers Retirement System of The State of Kentucky Sells 2,450 Shares of Twitter, Inc. (NYSE:TWTR)

Teachers Retirement System of The State of Kentucky cut its stake in shares of Twitter, Inc. (NYSE:TWTRGet Rating) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,292 shares of the social networking company’s stock after selling 2,450 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Twitter were worth $2,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TWTR. Walleye Capital LLC increased its holdings in Twitter by 135.0% in the 1st quarter. Walleye Capital LLC now owns 93,345 shares of the social networking company’s stock worth $3,612,000 after buying an additional 53,624 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in Twitter by 1.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 41,196 shares of the social networking company’s stock worth $1,594,000 after buying an additional 519 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Twitter by 65.3% in the 1st quarter. Neuberger Berman Group LLC now owns 143,560 shares of the social networking company’s stock worth $5,574,000 after buying an additional 56,714 shares in the last quarter. Toroso Investments LLC increased its holdings in Twitter by 5.6% in the 1st quarter. Toroso Investments LLC now owns 350,721 shares of the social networking company’s stock worth $13,570,000 after buying an additional 18,586 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in Twitter in the 1st quarter worth about $225,000. 72.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TWTR has been the subject of several research analyst reports. Cowen reduced their price objective on Twitter from $38.00 to $22.00 and set a “market perform” rating for the company in a report on Monday, July 25th. Rosenblatt Securities downgraded Twitter from a “buy” rating to a “neutral” rating and cut their price target for the company from $52.00 to $37.00 in a research note on Wednesday, August 24th. Mizuho cut their price target on Twitter from $54.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, July 11th. Citigroup boosted their price target on Twitter from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, July 25th. Finally, Evercore ISI cut their price target on Twitter from $60.00 to $54.20 and set an “in-line” rating for the company in a research note on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.27.

Twitter Price Performance

NYSE TWTR opened at $41.68 on Wednesday. The stock’s 50 day moving average is $40.83 and its 200 day moving average is $40.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 7.15 and a quick ratio of 7.15. Twitter, Inc. has a 12 month low of $31.30 and a 12 month high of $68.41.

Twitter (NYSE:TWTRGet Rating) last released its quarterly earnings data on Friday, July 22nd. The social networking company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.31). Twitter had a negative return on equity of 0.82% and a negative net margin of 2.14%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned $0.04 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. On average, research analysts expect that Twitter, Inc. will post 0.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Twitter news, insider Kayvon Beykpour sold 14,878 shares of Twitter stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $41.09, for a total value of $611,337.02. Following the sale, the insider now owns 396,341 shares of the company’s stock, valued at approximately $16,285,651.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Ned D. Segal sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $42.80, for a total transaction of $214,000.00. Following the transaction, the chief financial officer now owns 688,333 shares of the company’s stock, valued at approximately $29,460,652.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kayvon Beykpour sold 14,878 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $41.09, for a total value of $611,337.02. Following the transaction, the insider now directly owns 396,341 shares in the company, valued at approximately $16,285,651.69. The disclosure for this sale can be found here. Insiders have sold a total of 35,799 shares of company stock valued at $1,408,285 in the last quarter. 2.70% of the stock is currently owned by insiders.

Twitter Profile

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Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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