Paragon Advisors LLC acquired a new position in shares of Twilio Inc (NYSE:TWLO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,006 shares of the technology company’s stock, valued at approximately $660,000.
A number of other hedge funds have also recently bought and sold shares of TWLO. Morgan Stanley increased its position in shares of Twilio by 27.6% in the first quarter. Morgan Stanley now owns 11,281,624 shares of the technology company’s stock worth $1,009,592,000 after purchasing an additional 2,443,614 shares during the period. Sands Capital Management LLC increased its position in shares of Twilio by 61.3% in the first quarter. Sands Capital Management LLC now owns 3,136,863 shares of the technology company’s stock worth $280,718,000 after purchasing an additional 1,191,888 shares during the period. Dragoneer Investment Group LLC increased its position in shares of Twilio by 6.7% in the fourth quarter. Dragoneer Investment Group LLC now owns 2,990,166 shares of the technology company’s stock worth $293,874,000 after purchasing an additional 187,524 shares during the period. Pictet Asset Management Ltd. increased its position in shares of Twilio by 7.5% in the first quarter. Pictet Asset Management Ltd. now owns 1,315,050 shares of the technology company’s stock worth $117,683,000 after purchasing an additional 92,085 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Twilio by 1.3% in the first quarter. Geode Capital Management LLC now owns 1,255,271 shares of the technology company’s stock worth $112,231,000 after purchasing an additional 16,311 shares during the period. Hedge funds and other institutional investors own 86.82% of the company’s stock.
Several analysts recently weighed in on TWLO shares. Northland Securities raised their price objective on Twilio from $170.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, June 22nd. Wells Fargo & Co raised their price objective on Twilio from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. JMP Securities raised their price objective on Twilio from $160.00 to $200.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 20th. Bank of America reissued a “buy” rating and set a $125.00 price target on shares of Twilio in a research note on Monday, May 4th. Finally, Royal Bank of Canada lifted their price target on Twilio from $180.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $183.86.
In other news, insider Chee Chew sold 2,010 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $100.08, for a total value of $50,040.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 540,170 shares of company stock valued at $104,475,915. 6.68% of the stock is currently owned by corporate insiders.
TWLO stock traded down $2.32 during mid-day trading on Tuesday, reaching $233.12. The company’s stock had a trading volume of 88,663 shares, compared to its average volume of 2,861,137. The company has a market cap of $33.00 billion, a price-to-earnings ratio of -87.24 and a beta of 1.66. The business’s 50 day moving average price is $205.53 and its 200 day moving average price is $135.38. The company has a current ratio of 7.50, a quick 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 $242.00.
Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.17. The business 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%. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. As a group, equities analysts expect that Twilio Inc will post -1.6 EPS for the current fiscal year.
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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