Pineview Asset Management Lp Lowers stake in Twitter Inc (TWTR)

Twitter Inc (TWTR) : Pineview Asset Management Lp reduced its stake in Twitter Inc by 18.55% during the most recent quarter end. The investment management company now holds a total of 276,135 shares of Twitter Inc which is valued at $5,395,678 after selling 62,901 shares in Twitter Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Twitter Inc makes up approximately 2.69% of Pineview Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in TWTR in the latest quarter, The investment management firm added 2,242 additional shares and now holds a total of 23,602 shares of Twitter Inc which is valued at $461,183.Allianz Asset Management Ag boosted its stake in TWTR in the latest quarter, The investment management firm added 203,506 additional shares and now holds a total of 1,495,152 shares of Twitter Inc which is valued at $29,215,270. Twitter Inc makes up approx 0.04% of Allianz Asset Management Ag’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in TWTR in the latest quarter, The investment management firm added 892,681 additional shares and now holds a total of 14,720,526 shares of Twitter Inc which is valued at $287,639,078. Twitter Inc makes up approx 0.04% of Blackrock Institutional Trust Company N.a.’s portfolio.Boston Private Wealth boosted its stake in TWTR in the latest quarter, The investment management firm added 937 additional shares and now holds a total of 19,487 shares of Twitter Inc which is valued at $343,166. Twitter Inc makes up approx 0.01% of Boston Private Wealth’s portfolio. Donald L. Hagan sold out all of its stake in TWTR during the most recent quarter. The investment firm sold 200 shares of TWTR which is valued $3,674.

Twitter Inc opened for trading at $19.37 and hit $20.14 on the upside on Thursday, eventually ending the session at $19.5, with a gain of 1.51% or 0.29 points. The heightened volatility saw the trading volume jump to 3,97,55,902 shares. Company has a market cap of $13,801 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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