Zbi Services L.l.c. adds Twitter Inc (TWTR) to its portfolio

Twitter Inc (TWTR) : Zbi Services L.l.c. added new position in Twitter Inc during the most recent quarter end. The investment management firm now holds 450,000 shares of Twitter Inc which is valued at $8,793,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Twitter Inc makes up approximately 2.08% of Zbi Services L.l.c.’s portfolio.

Other Hedge Funds, Including , Mosaic Family Wealth boosted its stake in TWTR in the latest quarter, The investment management firm added 1,526 additional shares and now holds a total of 4,242 shares of Twitter Inc which is valued at $82,889. Twitter Inc makes up approx 0.04% of Mosaic Family Wealth’s portfolio.Scotia Capital boosted its stake in TWTR in the latest quarter, The investment management firm added 35,427 additional shares and now holds a total of 79,275 shares of Twitter Inc which is valued at $1,549,034. Twitter Inc makes up approx 0.03% of Scotia Capital’s portfolio.California State Teachers Retirement System boosted its stake in TWTR in the latest quarter, The investment management firm added 145,599 additional shares and now holds a total of 1,346,397 shares of Twitter Inc which is valued at $23,710,051. Twitter Inc makes up approx 0.05% of California State Teachers Retirement System’s portfolio.Rs Investment Management Co reduced its stake in TWTR by selling 15,270 shares or 28.25% in the most recent quarter. The Hedge Fund company now holds 38,780 shares of TWTR which is valued at $611,561. Twitter Inc makes up approx 0.01% of Rs Investment Management Co’s portfolio.Shell Asset Management Co boosted its stake in TWTR in the latest quarter, The investment management firm added 8,765 additional shares and now holds a total of 39,030 shares of Twitter Inc which is valued at $615,503. Twitter Inc makes up approx 0.01% of Shell Asset Management Co’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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