Clearbridge Investments buys $637,461,998 stake in Twitter Inc (TWTR)

Twitter Inc (TWTR) : Clearbridge Investments scooped up 11,086,574 additional shares in Twitter Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 32,623,439 shares of Twitter Inc which is valued at $637,461,998.Twitter Inc makes up approximately 0.72% of Clearbridge Investments’s portfolio.

Other Hedge Funds, Including , Bluecrest Capital Management Ltd boosted its stake in TWTR in the latest quarter, The investment management firm added 20,180 additional shares and now holds a total of 30,700 shares of Twitter Inc which is valued at $599,878. Twitter Inc makes up approx 0.05% of Bluecrest Capital Management Ltd’s portfolio.Teachers Advisors Inc boosted its stake in TWTR in the latest quarter, The investment management firm added 102,499 additional shares and now holds a total of 537,819 shares of Twitter Inc which is valued at $10,508,983. Twitter Inc makes up approx 0.02% of Teachers Advisors Inc’s portfolio.Chesapeake Asset Management boosted its stake in TWTR in the latest quarter, The investment management firm added 15,243 additional shares and now holds a total of 42,513 shares of Twitter Inc which is valued at $840,907. Twitter Inc makes up approx 0.66% of Chesapeake Asset Management’s portfolio. Nwam added TWTR to its portfolio by purchasing 11,483 company shares during the most recent quarter which is valued at $209,680. Twitter Inc makes up approx 0.08% of Nwam’s portfolio.K.j. Harrison Partners Inc boosted its stake in TWTR in the latest quarter, The investment management firm added 22,000 additional shares and now holds a total of 48,000 shares of Twitter Inc which is valued at $756,960. Twitter Inc makes up approx 0.40% of K.j. Harrison Partners Inc’s portfolio.

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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