Lockheed Martin Investment Management Co buys $3,986,160 stake in Twitter Inc (TWTR)

Twitter Inc (TWTR) : Lockheed Martin Investment Management Co scooped up 160,000 additional shares in Twitter Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 204,000 shares of Twitter Inc which is valued at $3,986,160.Twitter Inc makes up approximately 0.37% of Lockheed Martin Investment Management Co’s portfolio.

Other Hedge Funds, Including , Keybank National Associationoh boosted its stake in TWTR in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 17,250 shares of Twitter Inc which is valued at $337,065.Alexandria Capital boosted its stake in TWTR in the latest quarter, The investment management firm added 56 additional shares and now holds a total of 156 shares of Twitter Inc which is valued at $2,849.Stanley-laman Group Ltd. boosted its stake in TWTR in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 26,526 shares of Twitter Inc which is valued at $484,365. Twitter Inc makes up approx 0.18% of Stanley-laman Group Ltd.’s portfolio.Proficio Capital Partners boosted its stake in TWTR in the latest quarter, The investment management firm added 370 additional shares and now holds a total of 1,508 shares of Twitter Inc which is valued at $25,093. Twitter Inc makes up approx 0.02% of Proficio Capital Partners’s portfolio.

Twitter Inc closed down -0.02 points or -0.11% at $18.98 with 1,70,26,064 shares getting traded on Friday. Post opening the session at $18.96, the shares hit an intraday low of $18.76 and an intraday high of $19.31 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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