Skandinaviska Enskilda Banken AB publ boosted its position in Twitter, Inc. (NYSE:TWTR) by 8.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 80,600 shares of the social networking company’s stock after buying an additional 6,600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Twitter were worth $1,858,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of TWTR. Advisory Services Network LLC boosted its stake in shares of Twitter by 24.1% in the third quarter. Advisory Services Network LLC now owns 4,890 shares of the social networking company’s stock worth $113,000 after buying an additional 950 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in shares of Twitter by 204.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,618 shares of the social networking company’s stock worth $129,000 after buying an additional 5,115 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Twitter during the second quarter worth about $152,000. Hartford Investment Management Co. raised its position in shares of Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock worth $174,000 after buying an additional 192 shares during the period. Finally, TRUE Private Wealth Advisors acquired a new position in shares of Twitter during the second quarter worth about $175,000. 44.17% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

Twitter, Inc. (NYSE:TWTR) traded down 0.75% during midday trading on Friday, reaching $17.25. The company had a trading volume of 11,342,001 shares. The firm’s market capitalization is $12.22 billion. The firm’s 50-day moving average price is $17.81 and its 200 day moving average price is $18.44. Twitter, Inc. has a 12 month low of $13.73 and a 12 month high of $25.25.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 27th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.28. The firm earned $616 million during the quarter, compared to analysts’ expectations of $606.40 million. Twitter had a negative return on equity of 5.18% and a negative net margin of 15.06%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. Equities analysts anticipate that Twitter, Inc. will post $0.52 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Skandinaviska Enskilda Banken AB publ Has $1,858,000 Stake in Twitter, Inc. (TWTR)” was published by Watch List News and is the propert of of Watch List News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States and international copyright and trademark legislation. The correct version of this news story can be accessed at http://www.watchlistnews.com/skandinaviska-enskilda-banken-ab-publ-has-1858000-stake-in-twitter-inc-twtr/1060557.html.

A number of research analysts have recently issued reports on the company. Pivotal Research reiterated a “hold” rating and set a $17.00 target price (down previously from $26.00) on shares of Twitter in a research report on Thursday. Mizuho reiterated an “underperform” rating on shares of Twitter in a research report on Thursday, November 10th. Wedbush reiterated a “neutral” rating and set a $14.00 target price on shares of Twitter in a research report on Thursday, December 15th. MKM Partners reiterated a “neutral” rating and set a $18.50 target price on shares of Twitter in a research report on Tuesday, November 15th. Finally, Loop Capital reiterated a “hold” rating and set a $16.00 target price on shares of Twitter in a research report on Friday, November 11th. Eleven research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Twitter has a consensus rating of “Hold” and a consensus price target of $18.11.

In related news, insider Adam Messinger sold 52,187 shares of Twitter stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $17.58, for a total transaction of $917,447.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Kaiden sold 3,988 shares of Twitter stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $18.19, for a total value of $72,541.72. The disclosure for this sale can be found here. Corporate insiders own 10.79% of the company’s stock.

About Twitter

Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.

5 Day Chart for NYSE:TWTR

Want to see what other hedge funds are holding TWTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twitter, Inc. (NYSE:TWTR).

Receive News & Ratings for Twitter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.