Hillhouse Capital Management Ltd. grew its stake in Twitter, Inc. (NYSE:TWTR) by 2,852.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,119,000 shares of the social networking company’s stock after purchasing an additional 1,081,100 shares during the quarter. Twitter comprises approximately 0.3% of Hillhouse Capital Management Ltd.’s holdings, making the stock its 25th largest holding. Hillhouse Capital Management Ltd. owned 0.15% of Twitter worth $19,997,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TWTR. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Twitter by 112.3% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock worth $157,000 after acquiring an additional 4,645 shares in the last quarter. Federated Investors Inc. PA acquired a new stake in Twitter during the 2nd quarter worth approximately $174,000. NEXT Financial Group Inc lifted its stake in Twitter by 6.3% in the second quarter. NEXT Financial Group Inc now owns 11,030 shares of the social networking company’s stock valued at $197,000 after buying an additional 650 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Twitter by 3.3% in the first quarter. Pacer Advisors Inc. now owns 14,272 shares of the social networking company’s stock valued at $213,000 after buying an additional 456 shares in the last quarter. Finally, Fiera Capital Corp bought a new position in Twitter in the second quarter valued at approximately $213,000. 49.14% of the stock is currently owned by institutional investors.

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In related news, General Counsel Vijaya Gadde sold 15,000 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 853,700 shares of the firm’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $19.38, for a total transaction of $16,544,706.00. Following the completion of the transaction, the director now directly owns 2,735,038 shares of the company’s stock, valued at $53,005,036.44. The disclosure for this sale can be found here. Insiders sold 2,253,600 shares of company stock worth $40,779,711 in the last three months. Insiders own 9.18% of the company’s stock.

Twitter, Inc. (TWTR) traded up 0.23% during mid-day trading on Wednesday, hitting $17.63. The company’s stock had a trading volume of 7,955,860 shares. The stock’s market cap is $12.92 billion. The company’s 50 day moving average is $17.06 and its 200-day moving average is $17.08. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $25.25.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The business had revenue of $574.00 million during the quarter, compared to the consensus estimate of $536.63 million. During the same period in the prior year, the company posted $0.13 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts predict that Twitter, Inc. will post $0.33 EPS for the current fiscal year.

Several research analysts have recently weighed in on TWTR shares. Vetr raised Twitter from a “buy” rating to a “strong-buy” rating and set a $19.17 price objective for the company in a research report on Monday, June 12th. BidaskClub upgraded shares of Twitter from a “sell” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, June 27th. Wells Fargo & Company reissued a “market perform” rating on shares of Twitter in a research report on Saturday, July 22nd. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $20.00 target price on shares of Twitter in a report on Sunday, July 30th. Fifteen research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $15.44.

Twitter 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.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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