Raymond James & Associates lifted its stake in shares of Twilio Inc (NYSE:TWLO) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,273 shares of the technology company’s stock after buying an additional 5,312 shares during the period. Raymond James & Associates owned about 0.09% of Twilio worth $27,049,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Morgan Stanley increased its holdings in Twilio by 27.6% in the first quarter. Morgan Stanley now owns 11,281,624 shares of the technology company’s stock valued at $1,009,592,000 after purchasing an additional 2,443,614 shares during the period. Sands Capital Management LLC raised its holdings in shares of Twilio by 61.3% in the 1st quarter. Sands Capital Management LLC now owns 3,136,863 shares of the technology company’s stock worth $280,718,000 after acquiring an additional 1,191,888 shares during the last quarter. Norges Bank acquired a new stake in shares of Twilio in the 4th quarter worth about $87,917,000. Capital International Investors acquired a new stake in shares of Twilio in the 1st quarter worth about $52,515,000. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Twilio in the 1st quarter worth about $39,760,000. Institutional investors own 86.74% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. KeyCorp upped their target price on shares of Twilio from $248.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Morgan Stanley upped their target price on shares of Twilio from $160.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Goldman Sachs Group upped their target price on shares of Twilio from $137.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. They noted that the move was a valuation call. TheStreet upgraded shares of Twilio from a “d+” rating to a “c” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. lowered shares of Twilio from an “overweight” rating to a “neutral” rating and set a $110.00 price objective for the company. in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the stock. Twilio currently has an average rating of “Buy” and an average target price of $203.68.
In related news, Director Erika Rottenberg sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $200.17, for a total value of $500,425.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chee Chew sold 2,010 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $190.68, for a total transaction of $383,266.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 547,195 shares of company stock valued at $111,279,806. 6.68% of the stock is currently owned by company insiders.
Shares of TWLO stock opened at $277.42 on Friday. The company has a 50 day moving average of $229.20 and a 200-day moving average of $153.12. The company has a quick ratio of 7.50, a current ratio of 7.50 and a debt-to-equity ratio of 0.14. Twilio Inc has a 12-month low of $68.06 and a 12-month high of $277.42. The firm has a market cap of $38.85 billion, a P/E ratio of -102.75 and a beta of 1.66.
Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.17. Twilio had a negative net margin of 28.85% and a negative return on equity of 5.07%. The company had revenue of $364.87 million during the quarter, compared to analyst estimates of $327.59 million. During the same quarter last year, the business posted $0.05 EPS. Twilio’s quarterly revenue was up 56.5% compared to the same quarter last year. As a group, equities analysts expect that Twilio Inc will post -1.6 EPS for the current 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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