K.J. Harrison & Partners Inc boosted its position in Twitter Inc. (NYSE:TWTR) by 84.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,000 shares of the social networking company’s stock after buying an additional 22,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Twitter were worth $812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pioneer Investment Management Inc. boosted its position in shares of Twitter by 54.1% in the fourth quarter. Pioneer Investment Management Inc. now owns 392,118 shares of the social networking company’s stock worth $9,074,000 after buying an additional 137,683 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Twitter by 17.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 57,100 shares of the social networking company’s stock worth $1,321,000 after buying an additional 8,400 shares in the last quarter. Norges Bank bought a new position in shares of Twitter during the fourth quarter worth $78,597,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Twitter by 10.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 179,657 shares of the social networking company’s stock worth $2,973,000 after buying an additional 17,520 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Twitter during the first quarter worth $265,000. 41.87% of the stock is currently owned by hedge funds and other institutional investors.

Twitter Inc. (NYSE:TWTR) traded up 0.76% on Thursday, reaching $18.63. The company’s stock had a trading volume of 16,321,143 shares. The firm’s 50-day moving average price is $18.86 and its 200 day moving average price is $16.91. The company’s market cap is $13.04 billion. Twitter Inc. has a 52-week low of $13.73 and a 52-week high of $31.87.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $602 million for the quarter, compared to the consensus estimate of $606.37 million. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. Equities analysts anticipate that Twitter Inc. will post $0.51 EPS for the current fiscal year.

Several research firms have weighed in on TWTR. Vetr raised Twitter from a “buy” rating to a “strong-buy” rating and set a $22.10 target price on the stock in a research note on Monday, September 5th. Jefferies Group reaffirmed a “buy” rating and set a $23.00 target price on shares of Twitter in a research note on Monday, August 22nd. Evercore ISI cut Twitter from a “hold” rating to a “sell” rating and lowered their target price for the company from $18.00 to $17.00 in a research note on Thursday, August 18th. Zacks Investment Research cut Twitter from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $16.00 target price on shares of Twitter in a research note on Tuesday, July 26th. Eight analysts have rated the stock with a sell rating, thirty have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.83.

In related news, CAO Robert Kaiden sold 12,990 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $217,712.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Adam Messinger sold 52,914 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $886,838.64. The disclosure for this sale can be found here. 10.79% of the stock is owned by insiders.

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.

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