It would probably make it more attractive to buyers as well. The Hedge Fund company now holds 11,674 shares of TWTR which is valued at $228,110. In August, there were unconfirmed reports that Twitter investors Saudi Prince Alwaleed Bin Talal and former Microsoft CEO Steve Ballmer were going to purchase the company together, sending Twitter’s stock up almost 9 percent.
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Twitter, Inc. (NYSE:TWTR) accumulated +0.26%, closing at $19.55 after floating between $19.35 and $19.87.
In June, business-oriented social media company LinkedIn was bought by Microsoft for $26.2 billion and some investors and analysts were asking if Twitter was next.
Kaiden Robert; Chief Accounting Officer of Twitter, Inc. sold 13231 shares worth of $236408 in a transaction dated on 04 Aug 2016. It has twelve month low of $13.73 and twelve month high of $31.87.
Twitter, the social media company vilified by many for its tax break in SF but also seen by many others as a bellwether for the tech industry as a whole, is reportedly going to be considering acquisition offers at its board meeting this Thursday, at least according to Recode. 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. The share price of the stock plunged -30.55% for the year. On Tuesday, Twitter’s stock closed up 1.9 percent at $19.93 per share. The firm earned $602 million during the quarter, compared to the consensus estimate of $606.37 million. Seven equities research analysts have rated the stock with a sell rating, thirty have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Finally, Robert W. Baird reissued a “neutral” rating and set a $16.00 price objective on shares of Twitter in a report on Wednesday, July 27th. The stock now has an average rating of “Hold” and a consensus target price of $19.84.
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Cost reduction could come in the form of cutting staff or getting rid of Twitter products like Vine. The Company’s service is live-live commentary, live connections, live conversations. “As the global live communications platform, Twitter is pleased to support Yicai’s goals to connect with business audiences around the world who are open to learning more about financial news and content from China”, said Rishi Jaitly, Vice President, Media Partnerships, Asia Pacific and Middle East, at Twitter. Still, he hasn’t had a real impact on Twitter’s bottom line.
