Alliancebernstein L.P. grew its holdings in Twilio (NYSE:TWLO) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,000 shares of the technology company’s stock after acquiring an additional 11,700 shares during the period. Alliancebernstein L.P.’s holdings in Twilio were worth $2,124,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Delpha Capital Management LLC bought a new stake in Twilio in the fourth quarter worth approximately $101,000. Geode Capital Management LLC grew its position in Twilio by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 553,964 shares of the technology company’s stock worth $13,073,000 after acquiring an additional 32,719 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Twilio by 9.5% in the fourth quarter. Allianz Asset Management GmbH now owns 1,498,070 shares of the technology company’s stock worth $35,354,000 after buying an additional 130,325 shares during the last quarter. Cortina Asset Management LLC lifted its stake in shares of Twilio by 59.9% in the fourth quarter. Cortina Asset Management LLC now owns 191,942 shares of the technology company’s stock worth $4,530,000 after buying an additional 71,903 shares during the last quarter. Finally, Firsthand Capital Management Inc. lifted its stake in shares of Twilio by 125.0% in the fourth quarter. Firsthand Capital Management Inc. now owns 90,000 shares of the technology company’s stock worth $2,124,000 after buying an additional 50,000 shares during the last quarter. 60.33% of the stock is owned by institutional investors.
In related news, General Counsel Karyn Smith sold 3,742 shares of the company’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $40.68, for a total transaction of $152,224.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lee Kirkpatrick sold 7,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $25.89, for a total transaction of $181,230.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,178 shares of company stock valued at $4,401,856. Corporate insiders own 25.03% of the company’s stock.
A number of analysts have recently weighed in on the stock. Robert W. Baird restated a “buy” rating on shares of Twilio in a research note on Thursday, March 15th. Vetr upgraded shares of Twilio from a “sell” rating to a “hold” rating and set a $39.36 price objective for the company in a research note on Monday, March 19th. Citigroup boosted their price objective on shares of Twilio to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 13th. Zacks Investment Research upgraded shares of Twilio from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Bank of America assumed coverage on shares of Twilio in a research note on Thursday, March 1st. They issued a “buy” rating and a $45.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Twilio currently has an average rating of “Buy” and a consensus price target of $37.96.
NYSE:TWLO opened at $37.04 on Monday. The firm has a market cap of $3,490.28, a P/E ratio of -47.49 and a beta of -0.48. Twilio has a one year low of $22.80 and a one year high of $42.54.
Twilio (NYSE:TWLO) last released its earnings results on Tuesday, February 13th. The technology company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.01. The firm had revenue of $115.24 million during the quarter, compared to analysts’ expectations of $103.51 million. Twilio had a negative net margin of 15.97% and a negative return on equity of 19.52%. equities analysts predict that Twilio will post -0.69 earnings per share for the current year.
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Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
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