Stock Traders Purchase High Volume of Call Options on Twitter (NYSE:TWTR)

Twitter Inc (NYSE:TWTR) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 354,940 call options on the company. This is an increase of approximately 840% compared to the typical volume of 37,750 call options.

A number of equities research analysts recently weighed in on TWTR shares. Loop Capital cut their price objective on shares of Twitter from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Nomura Securities restated a “hold” rating and set a $37.00 price objective on shares of Twitter in a research note on Sunday, March 29th. Wedbush cut their price objective on shares of Twitter from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Susquehanna Bancshares dropped their price target on shares of Twitter from $47.00 to $35.00 in a research report on Friday, May 1st. Finally, Cfra upgraded shares of Twitter from a “hold” rating to a “buy” rating and dropped their price target for the stock from $38.00 to $31.00 in a research report on Friday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.35.

In other Twitter news, insider Michael Montano sold 5,250 shares of Twitter stock in a transaction on Monday, April 27th. The shares were sold at an average price of $30.00, for a total value of $157,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ned D. Segal sold 8,000 shares of Twitter stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $35.99, for a total transaction of $287,920.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,584 shares of company stock valued at $2,607,439. 2.64% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearbridge Investments LLC grew its stake in Twitter by 2.2% in the first quarter. Clearbridge Investments LLC now owns 25,492,922 shares of the social networking company’s stock valued at $626,106,000 after purchasing an additional 543,601 shares in the last quarter. Aristotle Capital Management LLC lifted its position in shares of Twitter by 5.8% in the first quarter. Aristotle Capital Management LLC now owns 16,142,958 shares of the social networking company’s stock valued at $396,471,000 after buying an additional 888,626 shares during the last quarter. Norges Bank acquired a new stake in shares of Twitter in the fourth quarter valued at approximately $224,219,000. UBS Asset Management Americas Inc. lifted its position in shares of Twitter by 110.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 5,037,045 shares of the social networking company’s stock valued at $161,437,000 after buying an additional 2,638,029 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Twitter by 3.4% in the first quarter. Legal & General Group Plc now owns 4,630,694 shares of the social networking company’s stock valued at $113,873,000 after buying an additional 151,968 shares during the last quarter. 72.54% of the stock is owned by institutional investors and hedge funds.

NYSE:TWTR traded up $0.32 on Thursday, hitting $35.73. 360,919 shares of the company’s stock traded hands, compared to its average volume of 19,803,914. The company has a current ratio of 11.93, a quick ratio of 11.93 and a debt-to-equity ratio of 0.45. Twitter has a 1 year low of $20.00 and a 1 year high of $45.85. The firm has a 50-day moving average price of $32.55 and a 200-day moving average price of $31.38. The company has a market cap of $25.88 billion, a PE ratio of 22.02 and a beta of 0.79.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, April 30th. The social networking company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.12. The business had revenue of $807.60 million during the quarter, compared to analysts’ expectations of $773.08 million. Twitter had a return on equity of 3.22% and a net margin of 36.39%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. On average, research analysts forecast that Twitter will post -0.1 EPS for the current fiscal year.

Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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