Susquehanna International Group Llp buys $160.2 Million stake in Twitter Inc (TWTR)

Twitter Inc (TWTR) : Susquehanna International Group Llp scooped up 3,639,948 additional shares in Twitter Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 11,364,152 shares of Twitter Inc which is valued at $160.2 Million.Twitter Inc makes up approximately 0.51% of Susquehanna International Group Llp’s portfolio.

Other Hedge Funds, Including , Cetera Investment Advisers added TWTR to its portfolio by purchasing 12,924 company shares during the most recent quarter which is valued at $182,228. Twitter Inc makes up approx 0.08% of Cetera Investment Advisers’s portfolio.Mazama Capital Management Inc boosted its stake in TWTR in the latest quarter, The investment management firm added 149,591 additional shares and now holds a total of 361,836 shares of Twitter Inc which is valued at $5.1 Million. Twitter Inc makes up approx 1.04% of Mazama Capital Management Inc’s portfolio.New York State Common Retirement Fund reduced its stake in TWTR by selling 51,800 shares or 3.89% in the most recent quarter. The Hedge Fund company now holds 1,279,700 shares of TWTR which is valued at $18.4 Million. Twitter Inc makes up approx 0.03% of New York State Common Retirement Fund’s portfolio.Whittier Trust Co Of Nevada Inc reduced its stake in TWTR by selling 1,165 shares or 42.1% in the most recent quarter. The Hedge Fund company now holds 1,602 shares of TWTR which is valued at $23,421.

Twitter Inc opened for trading at $14.07 and hit $14.57 on the upside on Wednesday, eventually ending the session at $14.41, with a gain of 2.71% or 0.38 points. The heightened volatility saw the trading volume jump to 2,31,78,067 shares. Company has a market cap of $10,114 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. Twitter Inc was Downgraded by MoffettNathanson to ” Sell” on May 24, 2016. Shares were Reiterated by Monness Crespi & Hardt on May 24, 2016 to “Buy” and Lowered the Price Target to $ 18 from a previous price target of $22 .Shares were Reiterated by Axiom Capital on May 24, 2016 to “Buy” and Lowered the Price Target to $ 18 from a previous price target of $24 .

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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