Rothschild Asset Management Inc. raised its stake in Twitter, Inc. (NYSE:TWTR) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 35,078 shares of the social networking company’s stock after buying an additional 151 shares during the period. Rothschild Asset Management Inc.’s holdings in Twitter were worth $627,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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. Clearbridge Investments LLC boosted 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. boosted 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. First Trust Advisors LP boosted its position in Twitter by 10.9% in the first quarter. First Trust Advisors LP now owns 6,543,375 shares of the social networking company’s stock valued at $97,823,000 after buying an additional 641,282 shares in the last quarter. Finally, Amerigo Asset Management boosted 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. 47.02% of the stock is owned by institutional investors and hedge funds.

Twitter, Inc. (NYSE TWTR) opened at 15.75 on Friday. Twitter, Inc. has a one year low of $14.12 and a one year high of $25.25. The firm’s market cap is $11.54 billion. The company has a 50-day moving average price of $18.06 and a 200-day moving average price of $16.88.

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

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Several research analysts have recently issued reports on TWTR shares. Argus reaffirmed a “hold” rating on shares of Twitter in a research report on Tuesday, May 2nd. Vetr cut Twitter from a “strong-buy” rating to a “hold” rating and set a $18.68 target price for the company. in a research report on Tuesday, May 23rd. Zacks Investment Research raised Twitter from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research report on Friday, April 28th. Barclays PLC reissued an “underweight” rating and issued a $14.00 target price on shares of Twitter in a research report on Monday, April 17th. Finally, BidaskClub raised Twitter from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Sixteen equities research 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 has an average rating of “Hold” and a consensus target price of $15.59.

In other news, insider Robert Kaiden sold 2,815 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $18.37, for a total transaction of $51,711.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Evan Clark Williams sold 273,300 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $16.16, for a total transaction of $4,416,528.00. Following the transaction, the director now owns 2,710,576 shares in the company, valued at $43,802,908.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,337,873 shares of company stock worth $42,520,779. 10.79% of the stock is currently owned by corporate insiders.

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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