Comerica Bank raised its holdings in shares of Twitter, Inc. (NYSE:TWTR) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,861 shares of the social networking company’s stock after buying an additional 489 shares during the quarter. Comerica Bank’s holdings in Twitter were worth $557,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Independence Advisors LLC acquired a new position in shares of Twitter during the second quarter worth approximately $231,000. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Twitter by 112.3% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock worth $157,000 after buying an additional 4,645 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Twitter by 46.0% during the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock worth $152,000 after buying an additional 3,295 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of Twitter during the first quarter worth approximately $159,000. Finally, NEXT Financial Group Inc lifted its holdings in shares of Twitter by 6.3% during the second quarter. NEXT Financial Group Inc now owns 11,030 shares of the social networking company’s stock worth $197,000 after buying an additional 650 shares during the last quarter. Institutional investors own 49.14% of the company’s stock.

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In other Twitter news, Director Evan Clark Williams sold 546,200 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $18.15, for a total value of $9,913,530.00. Following the sale, the director now owns 2,658,594 shares in the company, valued at approximately $48,253,481.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of the company’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 disclosure for this sale can be found here. Insiders sold a total of 2,376,870 shares of company stock worth $43,271,705 in the last quarter. Corporate insiders own 10.79% of the company’s stock.

Shares of Twitter, Inc. (TWTR) opened at 17.61 on Friday. The firm’s market cap is $12.91 billion. The stock’s 50 day moving average price is $16.76 and its 200-day moving average price is $16.94. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $25.25.

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 analysts’ consensus estimates 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 firm had revenue of $574.00 million for the quarter, compared to analyst estimates of $536.63 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue was down 4.7% on a year-over-year basis. On average, analysts forecast that Twitter, Inc. will post $0.33 EPS for the current year.

A number of research analysts have recently commented on TWTR shares. BidaskClub upgraded Twitter from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. BMO Capital Markets reiterated a “hold” rating and set a $17.00 price target on shares of Twitter in a report on Sunday, July 16th. Cantor Fitzgerald reiterated a “neutral” rating and set a $16.00 price target on shares of Twitter in a report on Tuesday, July 25th. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $19.22 price target for the company. in a report on Wednesday, June 21st. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $15.00 price target on shares of Twitter in a report on Saturday, July 22nd. Sixteen research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $15.49.

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.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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