Twitter, Inc. (NYSE:TWTR) was the target of unusually large options trading activity on Thursday. Traders bought 40,001 call options on the company. This is an increase of 218% compared to the typical daily volume of 12,588 call options.

Several analysts recently issued reports on the stock. ValuEngine cut shares of Twitter from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $17.00 price target on shares of Twitter in a report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Twitter in a report on Friday, August 25th. Jefferies Group LLC cut shares of Twitter from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $16.00 in a report on Thursday, August 24th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Twitter in a report on Tuesday, August 15th. They issued a “hold” rating and a $16.00 price target on the stock. Seventeen research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have given a buy rating to the company’s stock. Twitter has an average rating of “Hold” and an average target price of $15.49.

Twitter (NYSE TWTR) opened at 17.45 on Friday. The stock has a 50 day moving average price of $16.87 and a 200-day moving average price of $16.83. Twitter has a one year low of $14.12 and a one year high of $25.25. The firm’s market cap is $12.79 billion.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The business had revenue of $574 million for the quarter, compared to analysts’ expectations of $536.63 million. During the same quarter in the previous year, the business posted $0.13 EPS. Twitter’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts predict that Twitter will post $0.33 EPS for the current fiscal year.

In related news, insider Robert Kaiden sold 3,695 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $16.78, for a total value of $62,002.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Evan Clark Williams sold 853,700 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $19.38, for a total transaction of $16,544,706.00. Following the completion of the sale, the director now directly owns 2,735,038 shares in the company, valued at $53,005,036.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,091,670 shares of company stock worth $37,741,115. Corporate insiders own 10.79% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Intl Fcstone Inc. lifted its holdings in shares of Twitter by 174.1% during the 2nd quarter. Intl Fcstone Inc. now owns 37,151 shares of the social networking company’s stock valued at $664,000 after purchasing an additional 23,599 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Twitter by 21.3% during the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after purchasing an additional 1,333 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of Twitter during the 2nd quarter valued at about $211,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Twitter by 2.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 284,027 shares of the social networking company’s stock valued at $5,076,000 after purchasing an additional 6,446 shares in the last quarter. Finally, National Asset Management Inc. lifted its holdings in shares of Twitter by 14.4% during the 2nd quarter. National Asset Management Inc. now owns 59,272 shares of the social networking company’s stock valued at $1,060,000 after purchasing an additional 7,460 shares in the last quarter. Institutional investors and hedge funds own 49.17% of the company’s stock.

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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.

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