Albion Financial Group Ut buys $8,788,971 stake in Twitter Inc (TWTR)

Twitter Inc (TWTR) : Albion Financial Group Ut scooped up 240,097 additional shares in Twitter Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 510,097 shares of Twitter Inc which is valued at $8,788,971.Twitter Inc makes up approximately 1.44% of Albion Financial Group Ut’s portfolio.

Twitter Inc closed down -2.89 points or -16.28% at $14.86 with 8,48,80,275 shares getting traded on Wednesday. Post opening the session at $15.15, the shares hit an intraday low of $14.81 and an intraday high of $15.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Transamerica Financial Advisors reduced its stake in TWTR by selling 2,032 shares or 92.45% in the most recent quarter. The Hedge Fund company now holds 166 shares of TWTR which is valued at $2,860. Raymond James Trust N.a. added TWTR to its portfolio by purchasing 11,221 company shares during the most recent quarter which is valued at $193,338. Twitter Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.Atria Investments reduced its stake in TWTR by selling 1,022 shares or 5.73% in the most recent quarter. The Hedge Fund company now holds 16,809 shares of TWTR which is valued at $289,619. Twitter Inc makes up approx 0.03% of Atria Investments’s portfolio.Creative Planning reduced its stake in TWTR by selling 28,889 shares or 12.18% in the most recent quarter. The Hedge Fund company now holds 208,262 shares of TWTR which is valued at $3,438,406. Twitter Inc makes up approx 0.03% of Creative Planning’s portfolio. Livingston Group Asset Management Co (operating As Southp… sold out all of its stake in TWTR during the most recent quarter. The investment firm sold 9,600 shares of TWTR which is valued $158,496.

On the company’s financial health, Twitter Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.10. The company had revenue of $595.00 million for the quarter, compared to analysts expectations of $607.55 million. The company’s revenue was up 36.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Many Wall Street Analysts have commented on Twitter Inc. Shares were Reiterated by Pivotal Research Group on Apr 27, 2016 to “Buy” and Lowered the Price Target to $ 27 from a previous price target of $39 .Shares were Downgraded by JP Morgan on Apr 27, 2016 to ” Neutral” and Lowered the Price Target to $ 18 from a previous price target of $26 .BofA/Merrill Downgraded Twitter Inc on Apr 27, 2016 to ” Underperform”, Price Target of the shares are set at $15.

Twitter Inc. (Twitter) is a global platform for public self-expression and conversation in real time. The Company offers products and services for users advertisers developers and platform and data partners. Products and services for users enables a way for people to create distribute and discover content which enables a user on Twitter to create a tweet and a user to follow other users. Products and services for advertisers consist of promoted products which enable its advertisers to promote their brands products and services and extend the conversation around their advertising message. Products for platform partners and developers provide a set of tools public application program interface (APIs) and embeddable widgets that developers use to contribute their content to its platform syndicate and distribute its content across their properties. Products for data partners offer subscription access to its public data feed.

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