As Twitter INC (TWTR) Shares Rose, Contrarius Investment Management LTD Has Cut by $48.50 Million Its Holding

June 24, 2018 - By Clifton Ray

Twitter, Inc. (NYSE:TWTR) LogoInvestors sentiment decreased to 1.23 in 2018 Q1. Its down 0.14, from 1.37 in 2017Q4. It fall, as 51 investors sold TWTR shares while 142 reduced holdings. 97 funds opened positions while 141 raised stakes. 438.53 million shares or 11.95% more from 391.71 million shares in 2017Q4 were reported. Gilder Gagnon Howe And Communication Lc stated it has 910,324 shares. Amundi Pioneer Asset Mngmt stated it has 0.01% in Twitter, Inc. (NYSE:TWTR). Stonebridge Cap Advsrs Limited Com owns 0.14% invested in Twitter, Inc. (NYSE:TWTR) for 20,826 shares. Moreover, Ardsley Advisory has 0.33% invested in Twitter, Inc. (NYSE:TWTR). 138,000 are owned by Kj Harrison Ptnrs. State Treasurer State Of Michigan reported 0.19% in Twitter, Inc. (NYSE:TWTR). Metropolitan Life Insurance New York reported 0% in Twitter, Inc. (NYSE:TWTR). Creative Planning holds 0.02% of its portfolio in Twitter, Inc. (NYSE:TWTR) for 151,640 shares. 221,068 are owned by Mark Asset Mgmt. Kbc Group Inc Nv has invested 0.04% of its portfolio in Twitter, Inc. (NYSE:TWTR). Moreover, Stratos Wealth Ptnrs has 0.01% invested in Twitter, Inc. (NYSE:TWTR). Exchange Cap Inc owns 24 shares. M&T State Bank stated it has 0.01% of its portfolio in Twitter, Inc. (NYSE:TWTR). Ruffer Llp holds 0.02% or 11,800 shares in its portfolio. Systematic Management Limited Partnership has 0.14% invested in Twitter, Inc. (NYSE:TWTR) for 214,947 shares.

Contrarius Investment Management Ltd decreased its stake in Twitter Inc (TWTR) by 29.08% based on its latest 2018Q1 regulatory filing with the SEC. Contrarius Investment Management Ltd sold 1.67 million shares as the company’s stock rose 4.57% while stock markets declined. The institutional investor held 4.08M shares of the technology company at the end of 2018Q1, valued at $118.33 million, down from 5.75M at the end of the previous reported quarter. Contrarius Investment Management Ltd who had been investing in Twitter Inc for a number of months, seems to be less bullish one the $34.41B market cap company. The stock increased 1.41% or $0.64 during the last trading session, reaching $45.88. About 31.11 million shares traded or 1.60% up from the average. Twitter, Inc. (NYSE:TWTR) has risen 87.35% since June 24, 2017 and is uptrending. It has outperformed by 74.78% the S&P500.

Contrarius Investment Management Ltd, which manages about $2.10 billion US Long portfolio, upped its stake in Fossil Group Inc (NASDAQ:FOSL) by 1.45 million shares to 4.72 million shares, valued at $59.97 million in 2018Q1, according to the filing. It also increased its holding in Kinross Gold Corp (NYSE:KGC) by 4.25 million shares in the quarter, for a total of 10.38 million shares, and has risen its stake in Brinker Intl Inc (NYSE:EAT).

Analysts await Twitter, Inc. (NYSE:TWTR) to report earnings on July, 26. They expect $0.07 earnings per share, up 450.00 % or $0.09 from last year’s $-0.02 per share. TWTR’s profit will be $52.49 million for 163.86 P/E if the $0.07 EPS becomes a reality. After $0.09 actual earnings per share reported by Twitter, Inc. for the previous quarter, Wall Street now forecasts -22.22 % negative EPS growth.

More notable recent Twitter, Inc. (NYSE:TWTR) news were published by: Benzinga.com which released: “4 Reasons Why Twitter’s Stock Is Back In Favor” on June 08, 2018, also Seekingalpha.com with their article: “Twitter: Time To Back Off” published on June 14, 2018, Seekingalpha.com published: “Why Twitter’s Recent Boom Is Only The Beginning” on June 17, 2018. More interesting news about Twitter, Inc. (NYSE:TWTR) were released by: Livetradingnews.com and their article: “Twitter, Inc. (NYSE:TWTR) short sellers double down” published on June 21, 2018 as well as Seekingalpha.com‘s news article titled: “Why Twitter Is A Cash-Burning Machine” with publication date: June 13, 2018.

Twitter, Inc. (NYSE:TWTR) Ratings Coverage

Among 26 analysts covering Twitter (NYSE:TWTR), 8 have Buy rating, 5 Sell and 13 Hold. Therefore 31% are positive. Twitter has $5200 highest and $18.0 lowest target. $31.61’s average target is -31.10% below currents $45.88 stock price. Twitter had 42 analyst reports since January 2, 2018 according to SRatingsIntel. The company was downgraded on Thursday, February 8 by Pivotal Research. The firm has “Sell” rating given on Thursday, January 4 by Cowen & Co. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Tuesday, April 17 report. As per Tuesday, June 5, the company rating was upgraded by Aegis Capital. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, February 8. The stock of Twitter, Inc. (NYSE:TWTR) earned “Hold” rating by SunTrust on Thursday, February 8. The company was maintained on Thursday, April 26 by Stifel Nicolaus. The rating was initiated by Stifel Nicolaus on Thursday, January 18 with “Hold”. The rating was maintained by SunTrust on Friday, April 20 with “Hold”. Macquarie Research upgraded the shares of TWTR in report on Thursday, April 26 to “Buy” rating.

Twitter, Inc. (NYSE:TWTR) Institutional Positions Chart

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