Swan Global Investments Lowers stake in Twitter Inc (TWTR)

Twitter Inc (TWTR) : Swan Global Investments reduced its stake in Twitter Inc by 31.82% during the most recent quarter end. The investment management company now holds a total of 150,000 shares of Twitter Inc which is valued at $2,931,000 after selling 70,000 shares in Twitter Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Twitter Inc makes up approximately 0.11% of Swan Global Investments’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in TWTR in the latest quarter, The investment management firm added 9,067,613 additional shares and now holds a total of 33,938,829 shares of Twitter Inc which is valued at $663,164,719. Twitter Inc makes up approx 0.04% of Vanguard Group Inc’s portfolio.Gladstone Capital Management Llp boosted its stake in TWTR in the latest quarter, The investment management firm added 43,605 additional shares and now holds a total of 211,094 shares of Twitter Inc which is valued at $4,175,439. Twitter Inc makes up approx 4.05% of Gladstone Capital Management Llp’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in TWTR by selling 38,093 shares or 40.51% in the most recent quarter. The Hedge Fund company now holds 55,931 shares of TWTR which is valued at $984,945. Twitter Inc makes up approx 0.01% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio. Highland Capital Management added TWTR to its portfolio by purchasing 23,874 company shares during the most recent quarter which is valued at $443,101. Twitter Inc makes up approx 0.04% of Highland Capital Management’s portfolio.

Twitter Inc closed down -0.02 points or -0.11% at $18.98 with 1,70,26,064 shares getting traded on Friday. Post opening the session at $18.96, the shares hit an intraday low of $18.76 and an intraday high of $19.31 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.