Massachusetts Financial Services Co. MA Reduces Stake in Twilio Inc (TWLO)

Massachusetts Financial Services Co. MA cut its stake in Twilio Inc (NYSE:TWLO) by 34.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 164,850 shares of the technology company’s stock after selling 87,847 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Twilio were worth $14,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Calton & Associates Inc. bought a new stake in Twilio in the third quarter worth $460,000. Xact Kapitalforvaltning AB boosted its holdings in Twilio by 9.8% in the third quarter. Xact Kapitalforvaltning AB now owns 11,188 shares of the technology company’s stock worth $966,000 after purchasing an additional 1,000 shares in the last quarter. Arlington Partners LLC bought a new stake in Twilio during the third quarter valued at about $259,000. Chevy Chase Trust Holdings Inc. bought a new stake in Twilio during the third quarter valued at about $234,000. Finally, Seven Eight Capital LP boosted its holdings in Twilio by 28.1% during the third quarter. Seven Eight Capital LP now owns 51,019 shares of the technology company’s stock valued at $4,402,000 after acquiring an additional 11,200 shares during the period. 57.29% of the stock is currently owned by institutional investors and hedge funds.

In related news, General Counsel Karyn Smith sold 3,521 shares of the stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $71.67, for a total value of $252,350.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO George Hu sold 2,800 shares of the stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $81.03, for a total transaction of $226,884.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,477 shares of company stock valued at $14,711,857. 19.80% of the stock is owned by corporate insiders.

NYSE TWLO opened at $71.02 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 7.20 and a quick ratio of 7.20. Twilio Inc has a twelve month low of $23.25 and a twelve month high of $88.88. The stock has a market capitalization of $7.24 billion, a P/E ratio of -91.05 and a beta of 1.00.

Twilio (NYSE:TWLO) last released its earnings results on Tuesday, November 6th. The technology company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Twilio had a negative net margin of 18.29% and a negative return on equity of 21.41%. The business had revenue of $168.90 million during the quarter, compared to analysts’ expectations of $151.62 million. During the same quarter last year, the company earned ($0.08) earnings per share. The firm’s revenue was up 68.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Twilio Inc will post -0.77 earnings per share for the current year.

A number of equities research analysts have issued reports on TWLO shares. Zacks Investment Research upgraded shares of Twilio from a “sell” rating to a “hold” rating in a report on Sunday, July 15th. Canaccord Genuity restated a “buy” rating and set a $80.00 price target (up from $52.00) on shares of Twilio in a report on Monday, August 6th. Robert W. Baird upped their price target on shares of Twilio from $50.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. Oppenheimer upped their price target on shares of Twilio from $60.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. Finally, Northland Securities restated a “buy” rating and set a $75.00 price target on shares of Twilio in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a hold rating and twenty have issued a buy rating to the company. Twilio presently has a consensus rating of “Buy” and an average price target of $76.55.

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Twilio Profile

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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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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