Twitter Inc (TWTR) Shares Bought by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC raised its holdings in Twitter Inc (NYSE:TWTR) by 24.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,927,737 shares of the social networking company’s stock after purchasing an additional 567,304 shares during the period. TIAA CREF Investment Management LLC’s holdings in Twitter were worth $70,295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TWTR. Cetera Investment Advisers boosted its position in shares of Twitter by 14.6% in the fourth quarter. Cetera Investment Advisers now owns 12,994 shares of the social networking company’s stock valued at $313,000 after acquiring an additional 1,657 shares during the period. Partnervest Advisory Services LLC boosted its position in shares of Twitter by 9.8% in the fourth quarter. Partnervest Advisory Services LLC now owns 27,893 shares of the social networking company’s stock valued at $670,000 after acquiring an additional 2,500 shares during the period. Moors & Cabot Inc. boosted its position in shares of Twitter by 16.2% in the fourth quarter. Moors & Cabot Inc. now owns 18,425 shares of the social networking company’s stock valued at $441,000 after acquiring an additional 2,575 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Twitter by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,675 shares of the social networking company’s stock valued at $2,969,000 after acquiring an additional 2,637 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Twitter by 5.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 48,098 shares of the social networking company’s stock valued at $811,000 after acquiring an additional 2,684 shares during the period. Hedge funds and other institutional investors own 54.65% of the company’s stock.

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Twitter Inc (TWTR) opened at $34.98 on Tuesday. The company has a quick ratio of 9.12, a current ratio of 9.12 and a debt-to-equity ratio of 0.34. Twitter Inc has a one year low of $14.12 and a one year high of $36.80. The company has a market cap of $26,717.19, a price-to-earnings ratio of 711.60, a P/E/G ratio of 9.52 and a beta of 0.81.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.05. The business had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS. analysts anticipate that Twitter Inc will post 0.17 EPS for the current year.

A number of research firms have recently commented on TWTR. Morgan Stanley raised their price objective on shares of Twitter from $15.00 to $28.00 and gave the company an “underweight” rating in a research report on Thursday, February 15th. Zacks Investment Research lowered shares of Twitter from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Vetr upgraded shares of Twitter from a “sell” rating to a “hold” rating and set a $32.58 price objective for the company in a research report on Monday, February 19th. Pivotal Research lowered shares of Twitter from a “hold” rating to a “sell” rating and set a $21.00 price objective for the company. in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Twitter to $36.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.46.

In other Twitter news, insider Robert Kaiden sold 4,158 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $34.36, for a total transaction of $142,868.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Evan Clark Williams sold 18,347 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $24.27, for a total transaction of $445,281.69. Following the transaction, the director now directly owns 2,328,359 shares in the company, valued at $56,509,272.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,282,379 shares of company stock worth $70,559,388. Insiders own 9.18% of the company’s stock.

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Twitter Company Profile

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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