Prudential Financial Inc. boosted its position in Twitter, Inc. (NYSE:TWTR) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,650 shares of the social networking company’s stock after purchasing an additional 2,800 shares during the period. Prudential Financial Inc.’s holdings in Twitter were worth $780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Twitter by 4.1% in the first quarter. Vanguard Group Inc. now owns 45,997,766 shares of the social networking company’s stock worth $687,667,000 after purchasing an additional 1,819,941 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Twitter by 17.8% in the first quarter. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company’s stock worth $550,249,000 after purchasing an additional 5,561,940 shares during the last quarter. First Trust Advisors LP lifted its stake in Twitter by 10.8% in the second quarter. First Trust Advisors LP now owns 7,248,583 shares of the social networking company’s stock worth $129,532,000 after purchasing an additional 705,208 shares during the last quarter. Geode Capital Management LLC lifted its stake in Twitter by 5.7% in the first quarter. Geode Capital Management LLC now owns 4,193,005 shares of the social networking company’s stock worth $62,662,000 after purchasing an additional 224,545 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Twitter by 2.3% in the second quarter. Legal & General Group Plc now owns 2,658,320 shares of the social networking company’s stock worth $47,504,000 after purchasing an additional 59,998 shares during the last quarter. 49.14% of the stock is owned by institutional investors and hedge funds.

In related news, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Kaiden sold 3,695 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $16.78, for a total transaction of $62,002.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,253,600 shares of company stock worth $40,779,711. Insiders own 10.79% of the company’s stock.

Several analysts have issued reports on the stock. Wells Fargo & Company reissued a “market perform” rating on shares of Twitter in a research note on Saturday, July 22nd. J P Morgan Chase & Co reissued a “neutral” rating and issued a $15.00 price objective on shares of Twitter in a research note on Saturday, July 22nd. Morgan Stanley reissued an “underweight” rating and issued a $10.00 price objective on shares of Twitter in a research note on Saturday, July 22nd. Canaccord Genuity reissued a “hold” rating and issued a $15.00 price objective on shares of Twitter in a research note on Monday, July 24th. Finally, Wedbush downgraded shares of Twitter from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $14.00 to $16.00 in a research note on Monday, July 24th. Fifteen equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.44.

Twitter, Inc. (TWTR) opened at 17.85 on Friday. Twitter, Inc. has a 12 month low of $14.12 and a 12 month high of $20.88. The firm has a 50 day moving average of $17.23 and a 200-day moving average of $17.12. The firm’s market cap is $13.08 billion.

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

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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.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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