Edmond DE Rothschild Holding S.A. lifted its position in shares of Twitter, Inc. (NYSE:TWTR) by 11.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,943 shares of the social networking company’s stock after buying an additional 1,243 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Twitter were worth $213,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TWTR. Independence Advisors LLC purchased a new stake in Twitter in the 2nd quarter worth $231,000. Gilder Gagnon Howe & Co. LLC lifted its stake in Twitter by 112.3% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock worth $157,000 after purchasing an additional 4,645 shares in the last quarter. Federated Investors Inc. PA purchased a new stake in Twitter in the 2nd quarter worth $174,000. Westside Investment Management Inc. lifted its stake in Twitter by 46.0% in the 1st quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock worth $152,000 after purchasing an additional 3,295 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in Twitter in the 1st quarter worth $159,000. Institutional investors own 49.14% of the company’s stock.
In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $18.28, for a total value of $274,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Kaiden sold 4,725 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $16.06, for a total transaction of $75,883.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,361,870 shares of company stock valued at $43,006,805. 10.79% of the stock is owned by insiders.
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Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The firm had revenue of $574.00 million during the quarter, compared to the consensus estimate of $536.63 million. During the same quarter in the prior year, the firm earned $0.13 EPS. Twitter’s revenue for the quarter was down 4.7% on a year-over-year basis.
Several brokerages have commented on TWTR. BidaskClub upgraded shares of Twitter from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. BMO Capital Markets restated a “hold” rating and issued a $17.00 target price on shares of Twitter in a report on Wednesday, September 13th. ValuEngine downgraded shares of Twitter from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Robert W. Baird restated a “hold” rating and issued a $17.00 target price on shares of Twitter in a report on Friday, September 1st. Finally, KeyCorp restated a “hold” rating on shares of Twitter in a report on Friday, August 25th. Seventeen equities research 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 company. Twitter currently has an average rating of “Hold” and a consensus target price of $15.49.
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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