Nwi Management Lp adds Twitter Inc (TWTR) to its portfolio

Twitter Inc (TWTR) : Nwi Management Lp added new position in Twitter Inc during the most recent quarter end. The investment management firm now holds 1,702,000 shares of Twitter Inc which is valued at $32,576,280 , the company said in a statement filed on Nov 14, 2016 with the SEC.Twitter Inc makes up approximately 4.28% of Nwi Management Lp’s portfolio.

Other Hedge Funds, Including , Wrapmanager Inc reduced its stake in TWTR by selling 484 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 45,803 shares of TWTR which is valued at $876,669. Twitter Inc makes up approx 0.35% of Wrapmanager Inc’s portfolio.Bedell Frazier Investment Counseling boosted its stake in TWTR in the latest quarter, The investment management firm added 3,135 additional shares and now holds a total of 255,996 shares of Twitter Inc which is valued at $4,712,886. Twitter Inc makes up approx 2.02% of Bedell Frazier Investment Counseling’s portfolio.Sigma Planning Corp reduced its stake in TWTR by selling 4,610 shares or 16.07% in the most recent quarter. The Hedge Fund company now holds 24,071 shares of TWTR which is valued at $443,147. Twitter Inc makes up approx 0.05% of Sigma Planning Corp’s portfolio.Neuberger Berman Group reduced its stake in TWTR by selling 3,363 shares or 5.12% in the most recent quarter. The Hedge Fund company now holds 62,384 shares of TWTR which is valued at $1,098,582.Kessler Investment Group boosted its stake in TWTR in the latest quarter, The investment management firm added 5,141 additional shares and now holds a total of 13,192 shares of Twitter Inc which is valued at $220,702. Twitter Inc makes up approx 0.33% of Kessler Investment Group’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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