Twitter Inc (TWTR) : River Mercantile Asset Management Llp scooped up 114,800 additional shares in Twitter Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 278,486 shares of Twitter Inc which is valued at $4,940,342.Twitter Inc makes up approximately 1.99% of River Mercantile Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Creative Planning boosted its stake in TWTR in the latest quarter, The investment management firm added 16,561 additional shares and now holds a total of 224,823 shares of Twitter Inc which is valued at $3,988,360. Twitter Inc makes up approx 0.03% of Creative Planning’s portfolio.Edge Wealth Management boosted its stake in TWTR in the latest quarter, The investment management firm added 10,250 additional shares and now holds a total of 15,405 shares of Twitter Inc which is valued at $278,522. Twitter Inc makes up approx 0.11% of Edge Wealth Management’s portfolio.
Twitter Inc opened for trading at $18.29 and hit $18.75 on the upside on Monday, eventually ending the session at $18.65, with a gain of 3.15% or 0.57 points. The heightened volatility saw the trading volume jump to 2,97,31,219 shares. Company has a market cap of $13,090 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. SunTrust Downgraded Twitter Inc on Jul 11, 2016 to ” Neutral”, Price Target of the shares are set at $18.Twitter Inc was Downgraded by Monness Crespi & Hardt to ” Neutral” on Jul 11, 2016. Twitter Inc was Downgraded by MoffettNathanson to ” Sell” on May 24, 2016.
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.