Twitter, Inc. (TWTR) General Counsel Sells 15000 Shares of Stock

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Twitter, Inc. (TWTR) General Counsel Sells 15000 Shares of Stock

Twitter Inc (NYSE:TWTR)'s stock on Thursday traded at beginning with a price of $16.07 and when day-trade ended the stock finally popped up 0.68% to reach at $16.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

ILLEGAL ACTIVITY WARNING: "Twitter, Inc". The stock was acquired at an average cost of $16.62 per share, with a total value of $9,539,913.24. Over the last quarter, insiders sold 2,741,698 shares of company stock worth $50,703,116. Insiders sold a total of 2,749,473 shares of company stock worth $50,829,693 over the last 90 days.

In other Twitter news, Director Evan Clark Williams sold 373,100 shares of the business's stock in a transaction dated Wednesday, May 31st. Zacks Investment Research raised Twitter from a hold rating to a strong-buy rating and set a $18.00 price target on the stock in a research report on Friday, April 28th.

On Wednesday, May 3rd, Vijaya Gadde sold 15,000 shares of Twitter stock. The stock volatility for week was 3.01% while for month was 3.20%.The stock, as of last close, traded 14.59% to its 52 week low and was changed -35.92% from its 52 week high.

Twitter, Inc. (NYSE:TWTR) had its price objective lifted by Bank of America Corporation from $15.50 to $17.00 in a research note published on Tuesday, July 25th. The stock has a 50 day moving average of $18.23 and a 200 day moving average of $16.92. The company's market capitalization is $11.92 billion. OppenheimerFunds Inc. raised its position in shares of Twitter by 42.3% in the first quarter. The social networking company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.93% and a negative net margin of 18.25%. The firm had revenue of $574 million for the quarter, compared to the consensus estimate of $536.63 million. Analysts expect next quarter's EPS will be $0.10 and the next full year EPS is projected to be $0.37. However, Twitter did manage to record a relatively impressive monthly average users (MAUs) growth in the last reported quarter with a jump of 2.8% sequentially and 6% year over year. On average, equities analysts anticipate that Twitter will post $0.34 earnings per share for the current fiscal year. If you are accessing this report on another site, it was stolen and reposted in violation of global copyright & trademark law. The correct version of this piece of content can be read at https://theolympiareport.com/2017/08/07/twitter-inc-nysetwtr-cut-to-hold-at-zacks-investment-research.html.

J P Morgan Chase & Co reiterated a "neutral" rating and issued a $15.00 price objective on shares of Twitter in a research note on Saturday, July 22nd. Vetr upgraded shares of Twitter from a "buy" rating to a "strong-buy" rating and set a $19.17 price target for the company in a research report on Monday, June 12th. Nordea Investment Management AB now owns 18,605 shares of the social networking company's stock valued at $278,000 after buying an additional 257 shares during the last quarter. Twitter has a consensus rating of "Hold" and a consensus price objective of $15.50. Finally, Goldman Sachs Group, Inc. (The) restated a "buy" rating and set a $20.00 price target on shares of Twitter in a research report on Friday, April 28th. Sixteen analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have given a buy rating to the company. Bank of America Corporation now has an underperform rating on the social networking company's stock.

A number of institutional investors have recently bought and sold shares of TWTR. World Asset Management Inc raised its position in Twitter by 26.1% in the first quarter. AQR Capital Management LLC raised its position in Twitter by 400.0% in the fourth quarter. Independent Advisor Alliance now owns 58,632 shares of the social networking company's stock valued at $860,000 after buying an additional 5,562 shares in the last quarter. Clinton Group Inc. raised its stake in shares of Twitter by 28.8% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company's stock valued at $156,000 after buying an additional 268 shares during the last quarter. Norges Bank purchased a new position in shares of Twitter during the fourth quarter worth approximately $57,696,000. Vanguard Group Inc. boosted its position in Twitter by 4.1% in the first quarter.

Twitter, Inc. offers products and services for users, advertisers, developers and data partners.

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