Rizvi Traverse Management Lowers stake in Twitter Inc (TWTR)

Twitter Inc (TWTR) : Rizvi Traverse Management reduced its stake in Twitter Inc by 50.0% during the most recent quarter end. The investment management company now holds a total of 1,401,084 shares of Twitter Inc which is valued at $27,377,181 after selling 1,401,084 shares in Twitter Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Twitter Inc makes up approximately 69.13% of Rizvi Traverse Management’s portfolio.

Other Hedge Funds, Including , Group One Trading boosted its stake in TWTR in the latest quarter, The investment management firm added 517,821 additional shares and now holds a total of 1,174,522 shares of Twitter Inc which is valued at $22,950,160. Twitter Inc makes up approx 1.99% of Group One Trading’s portfolio. Hodges Capital Management added TWTR to its portfolio by purchasing 17,650 company shares during the most recent quarter which is valued at $344,881. Twitter Inc makes up approx 0.02% of Hodges Capital Management’s portfolio.Edmond De Rothschild Holding S.a. boosted its stake in TWTR in the latest quarter, The investment management firm added 15,570 additional shares and now holds a total of 22,900 shares of Twitter Inc which is valued at $447,466. Twitter Inc makes up approx 0.01% of Edmond De Rothschild Holding S.a.’s portfolio.Strs Ohio boosted its stake in TWTR in the latest quarter, The investment management firm added 26,171 additional shares and now holds a total of 38,170 shares of Twitter Inc which is valued at $601,941. American Century Companies Inc added TWTR to its portfolio by purchasing 68,537 company shares during the most recent quarter which is valued at $1,080,828.

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.

Leave a Reply

Twitter Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Twitter Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.