BNP Paribas Arbitrage SA decreased its position in Twilio Inc (NYSE:TWLO) by 42.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,165 shares of the technology company’s stock after selling 9,623 shares during the period. BNP Paribas Arbitrage SA’s holdings in Twilio were worth $503,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Delpha Capital Management LLC purchased a new position in Twilio in the fourth quarter valued at $101,000. Pinnacle Associates Ltd. purchased a new position in Twilio in the fourth quarter valued at $210,000. Prudential Financial Inc. purchased a new position in Twilio in the first quarter valued at $228,000. Tower Research Capital LLC TRC increased its holdings in Twilio by 71.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,413 shares of the technology company’s stock valued at $246,000 after buying an additional 4,342 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Twilio by 83.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,889 shares of the technology company’s stock valued at $263,000 after buying an additional 3,124 shares in the last quarter. 62.11% of the stock is owned by institutional investors.
A number of research analysts have weighed in on TWLO shares. Citigroup lifted their price objective on shares of Twilio to $43.00 and gave the company an “overweight” rating in a report on Tuesday, March 13th. Vetr cut shares of Twilio from a “buy” rating to a “hold” rating and set a $42.47 price objective for the company. in a report on Wednesday, April 18th. Monness Crespi & Hardt started coverage on shares of Twilio in a report on Wednesday, April 11th. They issued a “buy” rating and a $60.00 price objective for the company. Dougherty & Co began coverage on shares of Twilio in a report on Tuesday, April 10th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Bank of America began coverage on shares of Twilio in a research note on Thursday, March 1st. They set a “buy” rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Twilio has a consensus rating of “Buy” and a consensus target price of $43.90.
In related news, COO George Hu sold 6,886 shares of the business’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $60.10, for a total transaction of $413,848.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Karyn Smith sold 938 shares of the business’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $39.36, for a total transaction of $36,919.68. The disclosure for this sale can be found here. Insiders have sold 91,972 shares of company stock worth $4,997,598 over the last 90 days. 19.80% of the stock is currently owned by company insiders.
TWLO stock opened at $55.25 on Monday. The stock has a market cap of $5.46 billion, a PE ratio of -70.83 and a beta of -0.27. Twilio Inc has a 52 week low of $23.25 and a 52 week high of $62.34.
Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, May 8th. The technology company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $129.12 million for the quarter, compared to analyst estimates of $115.92 million. Twilio had a negative net margin of 16.61% and a negative return on equity of 21.88%. Twilio’s quarterly revenue was up 47.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) earnings per share. research analysts forecast that Twilio Inc will post -0.8 EPS for the current fiscal year.
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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