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IBM Retirement Fund trimmed its position in shares of Twitter, Inc. (NYSE:TWTR Get Rating) by 3.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 12,471 shares of the social networking companys stock after selling 506 shares during the period. IBM Retirement Funds holdings in Twitter were worth $483,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Tudor Investment Corp Et Al acquired a new stake in shares of Twitter in the 3rd quarter valued at approximately $3,004,000. Cetera Advisor Networks LLC boosted its stake in shares of Twitter by 24.2% in the 3rd quarter. Cetera Advisor Networks LLC now owns 34,095 shares of the social networking companys stock valued at $2,059,000 after purchasing an additional 6,649 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of Twitter by 14.0% in the 3rd quarter. Cetera Advisors LLC now owns 8,799 shares of the social networking companys stock valued at $531,000 after purchasing an additional 1,082 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Twitter by 3.0% in the 3rd quarter. Captrust Financial Advisors now owns 17,693 shares of the social networking companys stock valued at $1,068,000 after purchasing an additional 523 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in shares of Twitter by 34.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 4,677 shares of the social networking companys stock valued at $282,000 after purchasing an additional 1,197 shares in the last quarter. Hedge funds and other institutional investors own 91.72% of the companys stock.

NYSE TWTR opened at $39.41 on Monday. The company has a fifty day simple moving average of $42.34 and a 200 day simple moving average of $40.20. Twitter, Inc. has a 12-month low of $31.30 and a 12-month high of $73.34. The company has a current ratio of 6.58, a quick ratio of 6.58 and a debt-to-equity ratio of 0.89. The company has a market cap of $30.09 billion, a P/E ratio of 171.36 and a beta of 0.58.

TWTR has been the topic of a number of research analyst reports. Wedbush raised their price target on shares of Twitter from $42.00 to $54.00 in a research note on Tuesday, April 26th. Rosenblatt Securities dropped their price objective on shares of Twitter from $54.20 to $33.00 and set a neutral rating for the company in a report on Tuesday, June 21st. Mizuho raised their price objective on shares of Twitter from $46.00 to $54.00 and gave the company a neutral rating in a report on Tuesday, April 26th. Piper Sandler raised their price objective on shares of Twitter from $51.50 to $54.20 and gave the company a neutral rating in a report on Thursday, June 2nd. Finally, Truist Financial lowered shares of Twitter from a buy rating to a hold rating and set a $50.00 price objective for the company. in a report on Thursday, April 21st. Two analysts have rated the stock with a sell rating, twenty-four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Twitter has an average rating of Hold and a consensus target price of $48.91.

In other Twitter news, CAO Robert Kaiden sold 17,695 shares of Twitter stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $50.50, for a total transaction of $893,597.50. Following the transaction, the chief accounting officer now directly owns 173,721 shares of the companys stock, valued at approximately $8,772,910.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction on Tuesday, April 12th. The stock was sold at an average price of $47.14, for a total transaction of $235,700.00. Following the transaction, the chief financial officer now directly owns 522,129 shares in the company, valued at $24,613,161.06. The disclosure for this sale can be found here. In the last three months, insiders sold 558,231 shares of company stock valued at $21,390,076. 2.70% of the stock is currently owned by insiders.

Twitter Company Profile (Get Rating)

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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IBM Retirement Fund Has $483000 Stake in Twitter, Inc. (NYSE:TWTR) - Defense World