Candriam Luxembourg S.C.A. Has $641,000 Stake in Twitter, Inc. (TWTR)

Candriam Luxembourg S.C.A. continued to hold its position in Twitter, Inc. (NYSE:TWTR) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 35,887 shares of the social networking company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Twitter were worth $641,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Independence Advisors LLC bought a new position in Twitter during the second quarter valued at about $231,000. Mosaic Family Wealth LLC raised its position in Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock valued at $105,000 after buying an additional 875 shares in the last quarter. Advisory Services Network LLC bought a new position in Twitter during the first quarter valued at about $107,000. Nicolet Bankshares Inc. raised its position in Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock valued at $117,000 after buying an additional 5,434 shares in the last quarter. Finally, Atria Investments LLC raised its position in 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 in the last quarter. Institutional investors and hedge funds own 47.36% of the company’s stock.

Shares of Twitter, Inc. (NYSE:TWTR) opened at 15.95 on Wednesday. Twitter, Inc. has a 52 week low of $14.12 and a 52 week high of $25.25. The company’s market capitalization is $11.69 billion. The company has a 50 day moving average price of $17.86 and a 200 day moving average price of $16.87.

Twitter (NYSE:TWTR) last released its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $536.63 million. During the same period in the previous year, the business earned $0.13 EPS. Twitter’s revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts expect that Twitter, Inc. will post $0.34 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by [[site]] and is owned by of [[site]]. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at [[permalink]].

Several research analysts have recently issued reports on the company. UBS AG restated a “sell” rating and issued a $14.00 price target (up from $12.00) on shares of Twitter in a research report on Friday, April 28th. MKM Partners restated a “neutral” rating and issued a $18.00 price target (up from $16.00) on shares of Twitter in a research report on Thursday, August 10th. Cowen and Company restated an “underperform” rating and issued a $14.00 price target (up from $12.00) on shares of Twitter in a research report on Friday, July 28th. SunTrust Banks, Inc. assumed coverage on Twitter in a research report on Tuesday. They issued a “hold” rating on the stock. Finally, Mizuho assumed coverage on Twitter in a research report on Monday, August 7th. They issued an “underperform” rating and a $14.50 price target on the stock. Sixteen research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have issued a buy rating to the company’s stock. Twitter currently has a consensus rating of “Hold” and a consensus price target of $15.59.

In related news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $17.46, for a total value of $261,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Kaiden sold 2,815 shares of Twitter stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $18.37, for a total transaction of $51,711.55. The disclosure for this sale can be found here. Insiders sold a total of 2,337,873 shares of company stock valued at $42,520,779 over the last quarter. 9.18% of the stock is owned by company insiders.

Twitter Company 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.

Want to see what other hedge funds are holding TWTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twitter, Inc. (NYSE:TWTR).