Twitter Sees Unusually High Options Volume (TWTR)
Twitter Inc (NYSE:TWTR) was the target of some unusual options trading activity on Friday. Stock traders bought 26,828 put options on the stock. This is an increase of 230% compared to the average daily volume of 8,121 put options.
In other Twitter news, CAO Robert Kaiden sold 7,802 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $17.67, for a total transaction of $137,861.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $14.71, for a total transaction of $220,650.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 590,606 shares of company stock valued at $8,663,955. Insiders own 10.79% of the company’s stock.
Large investors have recently made changes to their positions in the company. Highland Capital Management LP raised its stake 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. Contrarius Investment Management Ltd raised its stake 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. Northern Trust Corp raised its stake in shares of Twitter by 3.7% in the third quarter. Northern Trust Corp now owns 4,923,717 shares of the social networking company’s stock valued at $113,492,000 after buying an additional 173,415 shares in the last quarter. Norges Bank purchased a new stake in shares of Twitter during the fourth quarter valued at approximately $57,696,000. Finally, Quantitative Investment Management LLC raised its stake in shares of Twitter by 22.2% in the third quarter. Quantitative Investment Management LLC now owns 1,614,300 shares of the social networking company’s stock valued at $37,209,000 after buying an additional 293,500 shares in the last quarter. Institutional investors own 44.45% of the company’s stock.
Shares of Twitter (NYSE:TWTR) traded down 0.14% during mid-day trading on Friday, hitting $14.63. The company’s stock had a trading volume of 13,785,998 shares. Twitter has a 12-month low of $13.73 and a 12-month high of $25.25. The stock has a 50-day moving average of $14.90 and a 200-day moving average of $17.03. The company’s market cap is $10.48 billion.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, February 9th. The social networking company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The company earned $717 million during the quarter, compared to analyst estimates of $740.17 million. Twitter had a negative return on equity of 4.59% and a negative net margin of 18.06%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. On average, equities research analysts forecast that Twitter will post $0.30 EPS for the current year.
Several analysts have commented on the stock. Jefferies Group LLC reissued a “buy” rating and set a $20.00 price target on shares of Twitter in a research report on Tuesday. BMO Capital Markets reissued a “hold” rating and set a $17.00 price target on shares of Twitter in a research report on Monday. Pivotal Research restated a “hold” rating and set a $17.00 price objective (down previously from $26.00) on shares of Twitter in a report on Thursday, January 12th. Aegis restated a “sell” rating on shares of Twitter in a report on Saturday, January 21st. Finally, SunTrust Banks, Inc. cut their price objective on shares of Twitter to $16.00 and set a “hold” rating on the stock in a report on Friday, February 10th. Seventeen investment 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. The company has a consensus rating of “Hold” and an average target price of $15.76.
TRADEMARK VIOLATION WARNING: This report was posted by Financial Market News and is the sole property of of Financial Market News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at http://www.financial-market-news.com/twitter-sees-unusually-high-options-volume-twtr/1406324/.
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.