Darwin Advisors LLC acquired a new stake in Twilio Inc (NYSE:TWLO) during the third quarter, according to its most recent filing with the SEC. The firm acquired 11,424 shares of the technology company’s stock, valued at approximately $2,822,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital International Investors bought a new position in Twilio in the 1st quarter valued at $52,515,000. M&T Bank Corp boosted its position in Twilio by 6.4% in the 1st quarter. M&T Bank Corp now owns 3,455 shares of the technology company’s stock valued at $309,000 after buying an additional 208 shares during the last quarter. Brookstone Capital Management bought a new position in Twilio in the 2nd quarter valued at $319,000. Meeder Asset Management Inc. boosted its position in Twilio by 43.6% in the 1st quarter. Meeder Asset Management Inc. now owns 438 shares of the technology company’s stock valued at $39,000 after buying an additional 133 shares during the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Twilio in the 2nd quarter worth $206,000. Hedge funds and other institutional investors own 84.03% of the company’s stock.
TWLO opened at $326.47 on Friday. The business’s 50-day moving average price is $258.94 and its two-hundred day moving average price is $208.06. Twilio Inc has a 1 year low of $68.06 and a 1 year high of $341.70. The company has a market capitalization of $46.73 billion, a price-to-earnings ratio of -121.36 and a beta of 1.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 7.29 and a quick ratio of 7.29.
Twilio (NYSE:TWLO) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.57. Twilio had a negative return on equity of 5.04% and a negative net margin of 26.77%. The firm had revenue of $400.85 million for the quarter, compared to the consensus estimate of $368.83 million. During the same quarter last year, the business posted $0.03 EPS. The company’s revenue for the quarter was up 45.7% on a year-over-year basis. Sell-side analysts anticipate that Twilio Inc will post -1.47 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the company. KeyCorp raised their price target on Twilio from $270.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Oppenheimer restated a “buy” rating and issued a $300.00 price target on shares of Twilio in a research report on Friday, October 2nd. JMP Securities raised their price target on Twilio from $320.00 to $360.00 in a research report on Tuesday, October 13th. Morgan Stanley raised their price target on Twilio from $270.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 13th. Finally, Northland Securities raised their price target on Twilio from $290.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 13th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $300.04.
In other Twilio news, Director Richard L. Dalzell sold 1,500 shares of Twilio stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $226.10, for a total value of $339,150.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Chee Chew sold 1,946 shares of Twilio stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $246.49, for a total value of $479,669.54. The disclosure for this sale can be found here. Insiders sold a total of 176,443 shares of company stock worth $44,890,780 in the last three months. Company insiders own 6.68% of the company’s stock.
Twilio Company 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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