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Chevy Chase Trust Holdings Inc. grew its position in Twitter Inc (NYSE:TWTR) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 645,524 shares of the social networking companys stock after acquiring an additional 35,903 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Twitter worth $26,596,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC raised its position in Twitter by 17,011.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 10,494,744 shares of the social networking companys stock worth $366,266,000 after purchasing an additional 10,433,413 shares during the last quarter. Renaissance Technologies LLC raised its position in Twitter by 331.4% in the 2nd quarter. Renaissance Technologies LLC now owns 7,337,600 shares of the social networking companys stock worth $256,082,000 after purchasing an additional 5,636,902 shares during the last quarter. Vanguard Group Inc. grew its holdings in Twitter by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 78,372,606 shares of the social networking companys stock worth $2,735,204,000 after acquiring an additional 1,510,879 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Twitter by 23.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,919,539 shares of the social networking companys stock worth $206,592,000 after acquiring an additional 1,110,127 shares during the period. Finally, Nikko Asset Management Americas Inc. grew its holdings in Twitter by 44.0% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 3,168,974 shares of the social networking companys stock worth $110,597,000 after acquiring an additional 968,905 shares during the period. Institutional investors own 71.68% of the companys stock.

Shares of NYSE TWTR opened at $31.17 on Friday. The firm has a market cap of $24.20 billion, a PE ratio of 56.67, a PEG ratio of 0.53 and a beta of 0.58. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.28. Twitter Inc has a 1-year low of $26.26 and a 1-year high of $45.85. The company has a fifty day moving average price of $32.72 and a 200 day moving average price of $37.72.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, October 24th. The social networking company reported $0.17 earnings per share for the quarter, topping the Zacks consensus estimate of $0.10 by $0.07. The firm had revenue of $824.00 million during the quarter, compared to analyst estimates of $875.21 million. Twitter had a net margin of 47.67% and a return on equity of 6.07%. The companys revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. Equities research analysts forecast that Twitter Inc will post 2 EPS for the current year.

In related news, VP Matthew Derella sold 4,668 shares of the companys stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $39.68, for a total value of $185,226.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ned D. Segal sold 8,000 shares of the companys stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $29.36, for a total transaction of $234,880.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,950 shares of company stock valued at $3,576,078. Company insiders own 2.65% of the companys stock.

A number of analysts have commented on TWTR shares. Canaccord Genuity lowered their target price on shares of Twitter from $46.00 to $35.00 and set a hold rating for the company in a report on Thursday, October 24th. They noted that the move was a valuation call. Cowen set a $41.00 target price on shares of Twitter and gave the stock a hold rating in a report on Monday, October 21st. Susquehanna Bancshares set a $34.00 target price on shares of Twitter and gave the stock a hold rating in a report on Friday, October 25th. Stifel Nicolaus lowered their target price on shares of Twitter from $37.00 to $33.00 and set a hold rating for the company in a report on Friday, October 25th. Finally, Wedbush reaffirmed a hold rating and set a $34.50 target price (down previously from $42.00) on shares of Twitter in a report on Friday, October 25th. Five investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $37.24.

Twitter Company 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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Chevy Chase Trust Holdings Inc. Purchases 35,903 Shares of Twitter Inc (NYSE:TWTR) - Riverton Roll