Profund Advisors LLC Raises Position in Twitter, Inc. (TWTR)

Profund Advisors LLC increased its holdings in Twitter, Inc. (NYSE:TWTR) by 16.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,116 shares of the social networking company’s stock after buying an additional 22,334 shares during the quarter. Profund Advisors LLC’s holdings in Twitter were worth $2,772,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TWTR. Clearbridge Investments LLC grew its stake in shares of Twitter by 17.8% during the 1st 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 period. OppenheimerFunds Inc. grew its stake in shares of Twitter by 42.3% during the 1st quarter. OppenheimerFunds Inc. now owns 10,088,428 shares of the social networking company’s stock worth $150,822,000 after purchasing an additional 2,999,690 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Twitter during the 2nd quarter worth approximately $38,366,000. Apertura Capital LLC acquired a new stake in shares of Twitter during the 2nd quarter worth approximately $35,740,000. Finally, Vanguard Group Inc. grew its stake in shares of Twitter by 4.1% during the 1st 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 period. Institutional investors own 49.17% of the company’s stock.

TWTR has been the topic of a number of analyst reports. Vetr cut shares of Twitter from a “strong-buy” rating to a “hold” rating and set a $18.68 price objective on the stock. in a research note on Tuesday, May 23rd. BidaskClub raised shares of Twitter from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $17.00 price objective on shares of Twitter in a research note on Sunday, July 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Twitter in a research note on Tuesday, July 25th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $15.00 price objective on shares of Twitter in a research note on Saturday, July 22nd. Seventeen 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. Twitter currently has an average rating of “Hold” and an average price target of $15.49.

Twitter, Inc. (NYSE:TWTR) traded down 1.10% during midday trading on Friday, reaching $18.01. The company had a trading volume of 12,649,429 shares. The firm’s 50-day moving average price is $16.69 and its 200 day moving average price is $16.90. The firm’s market capitalization is $13.20 billion. Twitter, Inc. has a 12 month low of $14.12 and a 12 month high of $25.25.

Twitter (NYSE:TWTR) last posted its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share (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 business had revenue of $574.00 million during the quarter, compared to analyst estimates of $536.63 million. During the same quarter last year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts anticipate that Twitter, Inc. will post $0.33 earnings per share for the current fiscal year.

In other Twitter news, General Counsel Vijaya Gadde sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $18.03, for a total transaction of $135,225.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 546,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were 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 of the company’s stock, valued at approximately $48,253,481.10. 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. Insiders own 10.79% of the company’s stock.

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About Twitter

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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