Twitter Inc (NYSE:TWTR) saw unusually large options trading activity on Friday. Traders bought 26,828 put options on the company. This represents an increase of 230% compared to the typical volume of 8,121 put options.

Twitter (NYSE:TWTR) traded down 0.14% on Friday, reaching $14.63. 13,785,998 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $14.90 and its 200 day moving average price is $17.03. Twitter has a 52-week low of $13.73 and a 52-week high of $25.25. The company’s market cap is $10.48 billion.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, February 9th. The social networking company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Twitter had a negative net margin of 18.06% and a negative return on equity of 4.59%. The business had revenue of $717 million for the quarter, compared to the consensus estimate of $740.17 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts expect that Twitter will post $0.30 earnings per share for the current year.



TWTR has been the topic of several research analyst reports. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $16.88 price target on the stock in a report on Tuesday, March 21st. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price target on shares of Twitter in a report on Thursday, March 23rd. Loop Capital reissued a “sell” rating and issued a $10.00 price target on shares of Twitter in a report on Monday, March 20th. Pacific Crest initiated coverage on shares of Twitter in a report on Friday, January 20th. They issued a “sector weight” rating and a $14.00 price target on the stock. Finally, Barclays PLC initiated coverage on shares of Twitter in a report on Tuesday, March 28th. They issued an “underweight” rating and a $14.00 price target on the stock. Seventeen research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Twitter currently has an average rating of “Hold” and a consensus price target of $15.76.

In related news, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $14.71, for a total value of $220,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 273,200 shares of the firm’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $14.52, for a total transaction of $3,966,864.00. Following the completion of the sale, the director now owns 2,906,274 shares of the company’s stock, valued at $42,199,098.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 590,606 shares of company stock valued at $8,663,955. Company insiders own 10.79% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Twitter during the fourth quarter valued at $57,696,000. Highland Capital Management LP increased its position in shares of Twitter by 45.4% in the fourth quarter. Highland Capital Management LP now owns 6,169,150 shares of the social networking company’s stock valued at $100,556,000 after buying an additional 1,926,150 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Twitter by 3,560.6% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,404,226 shares of the social networking company’s stock valued at $32,367,000 after buying an additional 1,365,865 shares in the last quarter. Contrarius Investment Management Ltd increased its position in shares of Twitter by 31.9% in the third quarter. Contrarius Investment Management Ltd now owns 5,471,146 shares of the social networking company’s stock valued at $126,110,000 after buying an additional 1,323,638 shares in the last quarter. Finally, York Capital Management Global Advisors LLC purchased a new position in shares of Twitter during the third quarter valued at $28,737,000. 44.45% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Twitter Sees Unusually High Options Volume (TWTR)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/04/21/twitter-sees-unusually-high-options-volume-twtr.html.

About Twitter

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

5 Day Chart for NYSE:TWTR

Receive News & Stock Ratings for Twitter Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc and related stocks with our FREE daily email newsletter.