Morgens Waterfall Vintiadis Co Inc buys $3,240,000 stake in Twitter Inc (TWTR)

Twitter Inc (TWTR) : Morgens Waterfall Vintiadis Co Inc scooped up 80,000 additional shares in Twitter Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 180,000 shares of Twitter Inc which is valued at $3,240,000.Twitter Inc makes up approximately 2.92% of Morgens Waterfall Vintiadis Co Inc’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in TWTR in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 14,010 shares of Twitter Inc which is valued at $252,180. Twitter Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Raymond James Trust N.a. reduced its stake in TWTR by selling 4,244 shares or 25.72% in the most recent quarter. The Hedge Fund company now holds 12,256 shares of TWTR which is valued at $215,215. Twitter Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.Washington Trust Bank reduced its stake in TWTR by selling 136 shares or 21.59% in the most recent quarter. The Hedge Fund company now holds 494 shares of TWTR which is valued at $12,286.

Twitter Inc opened for trading at $18.18 and hit $18.2 on the upside on Tuesday, eventually ending the session at $18, with a gain of 2.51% or 0.44 points. The heightened volatility saw the trading volume jump to 4,91,56,851 shares. Company has a market cap of $12,739 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. Evercore ISI Upgraded Twitter Inc on Oct 11, 2016 to ” Hold”, Price Target of the shares are set at $17.Mizuho Downgraded Twitter Inc on Sep 28, 2016 to ” Underperform”, Price Target of the shares are set at $15.Twitter Inc was Downgraded by Loop Capital to ” Sell” on Sep 28, 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.

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