Twitter Inc (TWTR) : Tam Capital Management added new position in Twitter Inc during the most recent quarter end. The investment management firm now holds 501,800 shares of Twitter Inc which is valued at $7.1 Million , the company said in a statement filed on May 13, 2016 with the SEC.Twitter Inc makes up approximately 33.63% of Tam Capital Management’s portfolio.
Other Hedge Funds, Including , Patten Group reduced its stake in TWTR by selling 25 shares or 14.29% in the most recent quarter. The Hedge Fund company now holds 150 shares of TWTR which is valued at $2,115. Victory Capital Management Inc sold out all of its stake in TWTR during the most recent quarter. The investment firm sold 275 shares of TWTR which is valued $3,878. Cibc World Markets Corp sold out all of its stake in TWTR during the most recent quarter. The investment firm sold 50,058 shares of TWTR which is valued $705,818.
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.