Twitter, Inc. (TWTR) Position Increased by Prudential Financial Inc.

Twitter, Inc. (TWTR) Position Increased by Prudential Financial Inc.

Prudential Financial Inc. increased its position in shares of Twitter, Inc. (NYSE:TWTR) by 140.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,575 shares of the social networking company’s stock after buying an additional 23,125 shares during the period. Prudential Financial Inc.’s holdings in Twitter were worth $912,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Polar Capital LLP increased its position in shares of Twitter by 0.5% in the second quarter. Polar Capital LLP now owns 1,081,124 shares of the social networking company’s stock valued at $18,270,000 after buying an additional 5,831 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Twitter by 307.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,886,736 shares of the social networking company’s stock valued at $48,815,000 after buying an additional 2,177,825 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Twitter by 3,560.6% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,404,226 shares of the social networking company’s stock valued at $32,367,000 after buying an additional 1,365,865 shares during the last quarter. Sei Investments Co. increased its position in shares of Twitter by 7,650.1% in the third quarter. Sei Investments Co. now owns 149,190 shares of the social networking company’s stock valued at $3,439,000 after buying an additional 147,265 shares during the last quarter. Finally, National Pension Service increased its position in shares of Twitter by 9.3% in the third quarter. National Pension Service now owns 516,935 shares of the social networking company’s stock valued at $11,915,000 after buying an additional 44,052 shares during the last quarter. 44.36% of the stock is currently owned by hedge funds and other institutional investors.

Twitter, Inc. (NYSE:TWTR) traded down 1.101% during mid-day trading on Friday, reaching $16.625. 7,334,230 shares of the company’s stock were exchanged. The stock’s market cap is $11.77 billion. Twitter, Inc. has a 52 week low of $13.73 and a 52 week high of $25.25. The stock has a 50-day moving average price of $17.40 and a 200-day moving average price of $18.43.

Several analysts have recently weighed in on the stock. Mizuho reaffirmed an “underperform” rating on shares of Twitter in a report on Thursday, November 10th. RBC Capital Markets reaffirmed an “underperform” rating and issued a $14.00 target price on shares of Twitter in a report on Saturday, January 14th. MKM Partners reaffirmed a “neutral” rating and issued a $18.50 target price on shares of Twitter in a report on Tuesday, November 15th. Wedbush reaffirmed a “neutral” rating and issued a $14.00 target price on shares of Twitter in a report on Thursday, December 15th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $16.00 target price on shares of Twitter in a report on Friday, November 11th. Eleven research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Twitter has an average rating of “Hold” and an average price target of $17.72.

In other news, insider Robert Kaiden sold 5,808 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $17.99, for a total value of $104,485.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Messinger sold 52,187 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $17.58, for a total value of $917,447.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,983 shares of company stock valued at $1,094,475. 10.79% of the stock is currently owned by corporate insiders.

Twitter Company Profile

Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.

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