Joel Isaacson & Co. LLC boosted its stake in Twitter, Inc. (NYSE:TWTR) by 10.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,884 shares of the social networking company’s stock after buying an additional 3,904 shares during the period. Joel Isaacson & Co. LLC’s holdings in Twitter were worth $713,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Nwam LLC raised its stake in shares of Twitter by 0.4% in the first quarter. Nwam LLC now owns 12,573 shares of the social networking company’s stock valued at $188,000 after buying an additional 50 shares during the last quarter. Intl Fcstone Inc. raised its stake in shares of Twitter by 1.0% in the first quarter. Intl Fcstone Inc. now owns 13,552 shares of the social networking company’s stock valued at $221,000 after buying an additional 136 shares during the last quarter. Rothschild Asset Management Inc. raised its stake in shares of Twitter by 0.4% in the second quarter. Rothschild Asset Management Inc. now owns 35,078 shares of the social networking company’s stock valued at $627,000 after buying an additional 151 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Twitter by 1.4% in the first quarter. Nordea Investment Management AB now owns 18,605 shares of the social networking company’s stock valued at $278,000 after buying an additional 257 shares during the last quarter. Finally, Atria Investments LLC raised its stake in shares of Twitter by 2.6% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company’s stock valued at $156,000 after buying an additional 268 shares during the last quarter. 47.02% of the stock is owned by institutional investors.

Shares of Twitter, Inc. (TWTR) opened at 16.15 on Wednesday. Twitter, Inc. has a 12-month low of $14.12 and a 12-month high of $25.25. The stock’s market cap is $11.79 billion. The firm’s 50-day moving average price is $18.17 and its 200-day moving average price is $16.90.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping 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 net margin of 18.25% and a negative return on equity of 2.91%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share. On average, analysts forecast that Twitter, Inc. will post $0.34 EPS for the current fiscal year.

WARNING: “Twitter, Inc. (NYSE:TWTR) Shares Bought by Joel Isaacson & Co. LLC” was first published by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/09/twitter-inc-nysetwtr-shares-bought-by-joel-isaacson-co-llc.html.

Several brokerages recently commented on TWTR. UBS AG reaffirmed a “sell” rating and issued a $14.00 price objective (up previously from $12.00) on shares of Twitter in a report on Friday, April 28th. Drexel Hamilton reissued a “buy” rating on shares of Twitter in a report on Tuesday, May 2nd. Vetr raised Twitter from a “hold” rating to a “buy” rating and set a $18.35 price target for the company in a report on Tuesday, June 6th. OTR Global raised Twitter from a “negative” rating to a “mixed” rating in a report on Thursday, July 13th. Finally, MKM Partners reissued a “neutral” rating and set a $16.00 price target on shares of Twitter in a report on Tuesday, April 25th. Sixteen investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have issued a buy rating to the stock. Twitter currently has a consensus rating of “Hold” and a consensus price target of $15.57.

In related news, insider Robert Kaiden sold 4,725 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $16.06, for a total value of $75,883.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 42,070 shares of the business’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $19.26, for a total transaction of $810,268.20. Following the completion of the sale, the director now directly owns 2,735,038 shares of the company’s stock, valued at $52,676,831.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,749,473 shares of company stock valued at $50,829,693. 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.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

Receive News & Ratings for Twitter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc. and related companies with MarketBeat.com's FREE daily email newsletter.