Rre Ventures Gp Iii adds Twitter Inc (TWTR) to its portfolio

Twitter Inc (TWTR) : Rre Ventures Gp Iii added new position in Twitter Inc during the most recent quarter end. The investment management firm now holds 58,401 shares of Twitter Inc which is valued at $1,062,898 , the company said in a statement filed on Aug 9, 2016 with the SEC.Twitter Inc makes up approximately 2.26% of Rre Ventures Gp Iii’s portfolio.

Other Hedge Funds, Including , D’orazio Associates sold out all of its stake in TWTR during the most recent quarter. The investment firm sold 400 shares of TWTR which is valued $7,280.Cambridge Investment Research Advisors boosted its stake in TWTR in the latest quarter, The investment management firm added 68,212 additional shares and now holds a total of 139,697 shares of Twitter Inc which is valued at $2,550,867. Twitter Inc makes up approx 0.05% of Cambridge Investment Research Advisors’s portfolio.Cwm reduced its stake in TWTR by selling 2,833 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 136,001 shares of TWTR which is valued at $2,498,338. Twitter Inc makes up approx 0.17% of Cwm’s portfolio.Grassi Investment Management boosted its stake in TWTR in the latest quarter, The investment management firm added 5,450 additional shares and now holds a total of 41,150 shares of Twitter Inc which is valued at $730,001. Twitter Inc makes up approx 0.13% of Grassi Investment Management’s portfolio.

Twitter Inc closed down -0.23 points or -1.13% at $20.17 with 2,27,62,792 shares getting traded on Wednesday. Post opening the session at $20.43, the shares hit an intraday low of $19.9 and an intraday high of $20.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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