IFP Advisors Inc boosted its stake in Twitter, Inc. (NYSE:TWTR) by 8.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,153 shares of the social networking company’s stock after buying an additional 4,658 shares during the period. IFP Advisors Inc’s holdings in Twitter were worth $1,129,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its position 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 valued at $550,249,000 after buying an additional 5,561,940 shares in the last quarter. OppenheimerFunds Inc. raised its position in Twitter by 42.3% in the first quarter. OppenheimerFunds Inc. now owns 10,088,428 shares of the social networking company’s stock valued at $150,822,000 after buying an additional 2,999,690 shares in the last quarter. Amerigo Asset Management raised its position in Twitter by 64.3% in the first quarter. Amerigo Asset Management now owns 6,463,910 shares of the social networking company’s stock valued at $96,635,000 after buying an additional 2,528,910 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Twitter during the second quarter valued at approximately $38,366,000. Finally, Vanguard Group Inc. raised its position 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 valued at $687,667,000 after buying an additional 1,819,941 shares in the last quarter. Institutional investors and hedge funds own 47.02% of the company’s stock.

Twitter, Inc. (NYSE:TWTR) opened at 16.15 on Wednesday. Twitter, Inc. has a 1-year low of $14.12 and a 1-year high of $25.25. The firm’s 50-day moving average price is $18.17 and its 200 day moving average price is $16.90. The firm’s market capitalization is $11.79 billion.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $574 million during the quarter, compared to the consensus estimate of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. On average, analysts predict that Twitter, Inc. will post $0.34 EPS for the current year.

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Several equities research analysts recently weighed in on TWTR shares. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.17 price objective for the company in a report on Monday, June 12th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a report on Friday, April 28th. Aegis reaffirmed a “sell” rating and issued a $12.00 price objective on shares of Twitter in a report on Thursday, April 13th. Barclays PLC reaffirmed an “underweight” rating and issued a $14.00 price objective on shares of Twitter in a report on Monday, April 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Twitter in a report on Friday, April 28th. Sixteen equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have assigned a buy rating to the company’s stock. Twitter currently has a consensus rating of “Hold” and an average price target of $15.57.

In other news, insider Robert Kaiden sold 7,775 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $16.28, for a total transaction of $126,577.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Evan Clark Williams sold 853,700 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $19.38, for a total value of $16,544,706.00. Following the sale, the director now 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. Over the last quarter, insiders have sold 2,749,473 shares of company stock valued at $50,829,693. Corporate insiders own 9.18% of the company’s stock.

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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