Gilder Gagnon Howe & Co. LLC Acquires 31,122 Shares of Twitter, Inc. (TWTR)

Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Twitter, Inc. (NYSE:TWTR) by 354.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 39,903 shares of the social networking company’s stock after acquiring an additional 31,122 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Twitter were worth $673,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Toronto Dominion Bank increased its position in shares of Twitter by 245.6% in the 3rd quarter. Toronto Dominion Bank now owns 26,237 shares of the social networking company’s stock valued at $443,000 after buying an additional 18,645 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Twitter by 1.7% in the 3rd quarter. New York State Common Retirement Fund now owns 1,484,200 shares of the social networking company’s stock valued at $25,038,000 after buying an additional 25,500 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Twitter by 12.1% in the 3rd quarter. CIBC Asset Management Inc now owns 29,948 shares of the social networking company’s stock valued at $505,000 after buying an additional 3,225 shares in the last quarter. Sterling Investment Advisors Ltd. increased its position in shares of Twitter by 37.4% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 22,062 shares of the social networking company’s stock valued at $372,000 after buying an additional 6,000 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC increased its position in shares of Twitter by 16.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 835,541 shares of the social networking company’s stock valued at $14,096,000 after buying an additional 116,985 shares in the last quarter. Institutional investors own 49.71% of the company’s stock.

TWTR has been the subject of a number of research analyst reports. Wells Fargo & Company upped their target price on shares of Twitter from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Tuesday, October 31st. BidaskClub lowered shares of Twitter from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Stifel Nicolaus raised shares of Twitter from a “sell” rating to a “hold” rating and upped their target price for the stock from $12.00 to $17.00 in a research note on Thursday, October 26th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $18.00 target price (up from $16.00) on shares of Twitter in a research note on Friday, October 27th. They noted that the move was a valuation call. Twelve equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Twitter currently has an average rating of “Hold” and an average target price of $17.67.

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Shares of Twitter, Inc. (NYSE:TWTR) opened at $20.47 on Friday. Twitter, Inc. has a 52 week low of $14.12 and a 52 week high of $21.96. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $590.00 million during the quarter, compared to the consensus estimate of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. equities research analysts expect that Twitter, Inc. will post 0.02 EPS for the current fiscal year.

In related news, insider Robert Kaiden sold 3,805 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $16.81, for a total transaction of $63,962.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 565,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $20.08, for a total transaction of $11,345,200.00. Following the transaction, the director now owns 2,441,312 shares in the company, valued at $49,021,544.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,171,445 shares of company stock valued at $82,183,431. 10.79% of the stock is currently owned by insiders.

Twitter Profile

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)

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