Kenmare Capital Partners L.l.c. Exits Position in Twitter Inc (TWTR)

Twitter Inc (TWTR) : Kenmare Capital Partners L.l.c. has sold out all of its stake in Twitter Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 367,183 shares of Twitter Inc which is valued at $7,027,883.

Other Hedge Funds, Including , Amalgamated Bank reduced its stake in TWTR by selling 26,800 shares or 62.36% in the most recent quarter. The Hedge Fund company now holds 16,175 shares of TWTR which is valued at $309,590. Twitter Inc makes up approx 0.07% of Amalgamated Bank’s portfolio.Profund Advisors reduced its stake in TWTR by selling 4,494 shares or 4.07% in the most recent quarter. The Hedge Fund company now holds 105,789 shares of TWTR which is valued at $1,943,344. Twitter Inc makes up approx 0.09% of Profund Advisors’s portfolio.Albion Financial Group Ut reduced its stake in TWTR by selling 123 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 511,389 shares of TWTR which is valued at $8,990,219. Twitter Inc makes up approx 1.57% of Albion Financial Group Ut’s portfolio.Apg Asset Management N.v. reduced its stake in TWTR by selling 257,228 shares or 31.66% in the most recent quarter. The Hedge Fund company now holds 555,129 shares of TWTR which is valued at $9,709,206. Twitter Inc makes up approx 0.02% of Apg Asset Management N.v.’s portfolio.Park Circle Co reduced its stake in TWTR by selling 800 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 1,600 shares of TWTR which is valued at $26,928. Twitter Inc makes up approx 0.02% of Park Circle Co’s portfolio.

Twitter Inc opened for trading at $18.73 and hit $18.91 on the upside on Monday, eventually ending the session at $18.73, with a gain of 0.97% or 0.18 points. The heightened volatility saw the trading volume jump to 1,25,03,189 shares. Company has a market cap of $13,390 M.

On the company’s financial health, Twitter Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.09. The company had revenue of $616.00 million for the quarter, compared to analysts expectations of $605.50 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Twitter Inc. Company shares were Reiterated by Canaccord Genuity on Oct 28, 2016 to “Hold”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .Twitter Inc was Upgraded by Oppenheimer to ” Perform” on Oct 28, 2016. Twitter Inc was Upgraded by Loop Capital to ” Hold” on Oct 19, 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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