Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Twilio Inc (NYSE:TWLO) by 23.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,959 shares of the technology company’s stock after selling 6,998 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Twilio were worth $5,038,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of Twilio in the first quarter valued at approximately $25,000. Ameritas Investment Company LLC acquired a new position in Twilio in the first quarter valued at $27,000. G&S Capital LLC increased its stake in Twilio by 323.5% during the first quarter. G&S Capital LLC now owns 360 shares of the technology company’s stock worth $32,000 after acquiring an additional 275 shares during the last quarter. Optimum Investment Advisors increased its stake in Twilio by 60.0% during the first quarter. Optimum Investment Advisors now owns 400 shares of the technology company’s stock worth $36,000 after acquiring an additional 150 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in Twilio by 43.6% during the first quarter. Meeder Asset Management Inc. now owns 438 shares of the technology company’s stock worth $39,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.
Shares of TWLO opened at $277.42 on Friday. The company has a market capitalization of $38.85 billion, a P/E ratio of -102.75 and a beta of 1.66. Twilio Inc has a one year low of $68.06 and a one year high of $277.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 7.50 and a current ratio of 7.50. The stock has a 50-day moving average price of $229.20 and a 200 day moving average price of $153.12.
Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.17. The firm had revenue of $364.87 million during the quarter, compared to the consensus estimate of $327.59 million. Twilio had a negative return on equity of 5.07% and a negative net margin of 28.85%. Twilio’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share. As a group, equities research analysts forecast that Twilio Inc will post -1.6 earnings per share for the current fiscal year.
In other Twilio news, CEO Jeff Lawson sold 35,000 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $255.80, for a total transaction of $8,953,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Khozema Shipchandler sold 3,225 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $237.85, for a total value of $767,066.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 547,195 shares of company stock worth $111,279,806. 6.68% of the stock is currently owned by company insiders.
Several equities research analysts have commented on TWLO shares. Northland Securities upped their price target on Twilio from $170.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, June 22nd. JPMorgan Chase & Co. lowered Twilio from an “overweight” rating to a “neutral” rating and set a $110.00 price target for the company. in a research note on Thursday, April 23rd. Goldman Sachs Group upped their price target on Twilio from $137.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. They noted that the move was a valuation call. Piper Sandler upgraded Twilio from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $135.00 to $225.00 in a research note on Monday, June 15th. Finally, Rosenblatt Securities reiterated a “hold” rating and issued a $150.00 target price (up previously from $80.00) on shares of Twilio in a research note on Thursday, May 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $203.68.
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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