Group One Trading buys $9.3 Million stake in Twitter Inc (TWTR)

Twitter Inc (TWTR) : Group One Trading scooped up 149,364 additional shares in Twitter Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 656,701 shares of Twitter Inc which is valued at $9.3 Million.Twitter Inc makes up approximately 1.04% of Group One Trading’s portfolio.

Other Hedge Funds, Including , 1832 Asset Management reduced its stake in TWTR by selling 100 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 100 shares of TWTR which is valued at $1,410. Leonard Capital Management Inc sold out all of its stake in TWTR during the most recent quarter. The investment firm sold 120,000 shares of TWTR which is valued $1.7 Million.Mitsubishi Ufj Securities International Plc boosted its stake in TWTR in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 54,075 shares of Twitter Inc which is valued at $762,458. Twitter Inc makes up approx 4.49% of Mitsubishi Ufj Securities International Plc’s portfolio.State Treasurer State Of Michigan boosted its stake in TWTR in the latest quarter, The investment management firm added 285,000 additional shares and now holds a total of 1,050,000 shares of Twitter Inc which is valued at $15.1 Million. Twitter Inc makes up approx 0.12% of State Treasurer State Of Michigan’s portfolio.Linscomb Williams boosted its stake in TWTR in the latest quarter, The investment management firm added 9,957 additional shares and now holds a total of 24,963 shares of Twitter Inc which is valued at $359,467. Twitter Inc makes up approx 0.04% of Linscomb Williams’s portfolio.

Twitter Inc opened for trading at $14.2 and hit $14.51 on the upside on Friday, eventually ending the session at $14.43, with a gain of 1.98% or 0.28 points. The heightened volatility saw the trading volume jump to 1,84,97,359 shares. Company has a market cap of $10,128 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.

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