Contrarius Investment Management Ltd buys $46.6 Million stake in Twitter Inc (TWTR)

Twitter Inc (TWTR) : Contrarius Investment Management Ltd scooped up 197,064 additional shares in Twitter Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 3,303,235 shares of Twitter Inc which is valued at $46.6 Million.Twitter Inc makes up approximately 4.02% of Contrarius Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Ipswich Investment Management added TWTR to its portfolio by purchasing 2,136 company shares during the most recent quarter which is valued at $30,118. Twitter Inc makes up approx 0.01% of Ipswich Investment Management’s portfolio. Cg Asset Management sold out all of its stake in TWTR during the most recent quarter. The investment firm sold 9,540 shares of TWTR which is valued $134,514.Sandy Spring Bank boosted its stake in TWTR in the latest quarter, The investment management firm added 1,525 additional shares and now holds a total of 4,100 shares of Twitter Inc which is valued at $59,040. Twitter Inc makes up approx 0.01% of Sandy Spring Bank’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in TWTR in the latest quarter, The investment management firm added 7,129 additional shares and now holds a total of 78,990 shares of Twitter Inc which is valued at $1.1 Million. Twitter Inc makes up approx 0.03% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio. Asset Dedication sold out all of its stake in TWTR during the most recent quarter. The investment firm sold 300 shares of TWTR which is valued $4,386.

Twitter Inc opened for trading at $14.09 and hit $14.37 on the upside on Monday, eventually ending the session at $14.29, with a gain of 1.35% or 0.19 points. The heightened volatility saw the trading volume jump to 1,15,78,612 shares. Company has a market cap of $10,030 M.

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 MKM Partners on May 16, 2016 to “Neutral” and Lowered the Price Target to $ 14 from a previous price target of $18 .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 .

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.

Leave a Reply

Twitter Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Twitter Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.