Twitter Posts Second Quarterly Profit in a Row, Beats Estimates


Envestnet Asset Management Inc. now owns 161,239 shares of the social networking company's stock valued at $3,872,000 after purchasing an additional 27,380 shares during the last quarter. The hedge fund run by James Dondero held 2.74M shares of the technology company at the end of 2017Q4, valued at $65.78M, down from 5.59 million at the end of the previous reported quarter. Buckingham Capital Management Inc who had been investing in Twitter Inc for a number of months, seems to be less bullish one the $22.85 billion market cap company. That is 120.00 % up compareed to $-0.05 earnings per share for previous year. 41,028,079 shares of the company's stock traded hands, compared to its average volume of 31,013,271. It has outperformed by 75.71% the S&P500.

Thornburg Investment Management Inc increased its stake in Fomento Economico Mex (FMX) by 17.79% based on its latest 2017Q4 regulatory filing with the SEC. The stock of Twitter, Inc. He raised his target price on Twitter shares to $32 from $30. The stock decreased 1.29% or $1.2 during the last trading session, reaching $91.88. The shares were sold at an average price of $24.99, for a total value of $318,222.66.

On April, 25 WallStreet anticipated Twitter, Inc.

Shares of Twitter were last seen down 1% at $30.92, with a consensus analyst price target of $27.52 and a 52-week range of $14.63 to $36.80. (NYSE:TWTR). Goldman Sachs Grp Inc holds 0.03% or 4.67M shares. The stock rating was upgraded by Maxim Group to "Buy" on Friday, April 20. The positive are 25%. Twitter had 48 analyst reports since October 25, 2017 according to SRatingsIntel. On Wednesday, August 10 the stock rating was upgraded by HSBC to "Buy". Finally, Morgan Stanley boosted their price target on Twitter from $15.00 to $28.00 and gave the company an underweight rating in a report on Thursday, February 15th. (NYSE:TWTR) on Thursday, January 4 with "Sell" rating. The rating was maintained by Barclays Capital with "Overweight" on Monday, March 7. (NYSE:TWTR) for 9,922 shares.

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MKM has a Buy rating with a $40 price target.

During 2017 Q4 the big money sentiment increased to 1.37. It has change of 0.09, from 2017Q3's 1.28. It increased, as 48 investors sold Twitter, Inc. shares while 116 reduced holdings. Funds hold 391.71 million shares thus 9.95% more from 2017Q3's 356.28 million shares.

Twitter shares, by comparison, have soared 27% this year, easily outpacing the S&P 500, despite the defection of highly respected Chief Operating Officer Anthony Noto to financial start-up SoFi this year and lingering fears about regulation. Acg Wealth owns 0.03% invested in Twitter, Inc. Shapiro Capital Ltd Liability Company holds 12,800 shs or 0.01% of its capital. Sumitomo Mitsui Asset Management owns 0.01% invested in Twitter, Inc. (NYSE:TWTR). Soros Fund Mgmt Ltd Llc reported 34,100 shares. Grassi Investment Management accumulated 0.2% or 51,700 shs. Cim Mangement Incorporated reported 0.33% stake. (NYSE:TWTR). Advisory Networks Limited Company holds 0.03% of its portfolio in Twitter, Inc. Guggenheim Cap Ltd has invested 0% in Twitter, Inc.

Investors should pay particular attention to Twitter's progress in video viewership and artificial intelligence. They expect $0.01 earnings per share, up 120.00 % or $0.06 from last year's $-0.05 per share.