Group One Trading buys $22,950,160 stake in Twitter Inc (TWTR)

Twitter Inc (TWTR) : Group One Trading scooped up 517,821 additional shares in Twitter Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,174,522 shares of Twitter Inc which is valued at $22,950,160.Twitter Inc makes up approximately 1.99% of Group One Trading’s portfolio.

Other Hedge Funds, Including , Ws Management Lllp boosted its stake in TWTR in the latest quarter, The investment management firm added 426,800 additional shares and now holds a total of 1,126,800 shares of Twitter Inc which is valued at $22,017,672. Twitter Inc makes up approx 0.93% of Ws Management Lllp’s portfolio.Stephens Inc Ar boosted its stake in TWTR in the latest quarter, The investment management firm added 16,777 additional shares and now holds a total of 55,253 shares of Twitter Inc which is valued at $1,008,920. Twitter Inc makes up approx 0.04% of Stephens Inc Ar’s portfolio.Ngam Advisors boosted its stake in TWTR in the latest quarter, The investment management firm added 66,246 additional shares and now holds a total of 332,976 shares of Twitter Inc which is valued at $5,863,707. Twitter Inc makes up approx 0.08% of Ngam Advisors’s portfolio.Proficio Capital Partners boosted its stake in TWTR in the latest quarter, The investment management firm added 370 additional shares and now holds a total of 1,508 shares of Twitter Inc which is valued at $25,093. Twitter Inc makes up approx 0.02% of Proficio Capital Partners’s portfolio.Hartford Investment Management Co boosted its stake in TWTR in the latest quarter, The investment management firm added 192 additional shares and now holds a total of 10,306 shares of Twitter Inc which is valued at $189,321.

Twitter Inc opened for trading at $18.39 and hit $18.55 on the upside on Monday, eventually ending the session at $18.47, with a gain of 0.93% or 0.17 points. The heightened volatility saw the trading volume jump to 1,14,17,408 shares. Company has a market cap of $13,072 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 Evercore ISI to ” Sell” on Aug 18, 2016. Shares were Downgraded by Axiom Capital on Jul 27, 2016 to ” Hold” and Lowered the Price Target to $ 16 from a previous price target of $18 .Shares were Reiterated by Stifel on Jul 27, 2016 to “Sell” and Lowered the Price Target to $ 9 from a previous price target of $10 .

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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