Russell Investments Group Ltd. boosted its position in Twilio Inc (NYSE:TWLO) by 3,808.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,754 shares of the technology company’s stock after purchasing an additional 53,353 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of Twilio worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Twilio by 7.8% during the 1st quarter. BlackRock Inc. now owns 4,408,663 shares of the technology company’s stock valued at $168,323,000 after acquiring an additional 317,128 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Twilio by 20.7% during the 1st quarter. Allianz Asset Management GmbH now owns 1,808,340 shares of the technology company’s stock valued at $69,042,000 after acquiring an additional 310,270 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Twilio by 122.9% during the 2nd quarter. Wells Fargo & Company MN now owns 670,664 shares of the technology company’s stock valued at $37,571,000 after acquiring an additional 369,791 shares during the last quarter. Harvest Capital Strategies LLC acquired a new position in shares of Twilio during the 1st quarter valued at about $17,181,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Twilio during the 1st quarter valued at about $16,992,000. 57.90% of the stock is owned by hedge funds and other institutional investors.
TWLO has been the subject of a number of research analyst reports. Piper Jaffray Companies initiated coverage on shares of Twilio in a research note on Monday, June 25th. They set an “overweight” rating for the company. Rosenblatt Securities initiated coverage on shares of Twilio in a research note on Wednesday, June 27th. They set a “buy” rating and a $70.00 price objective for the company. Argus raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded Twilio from a “sell” rating to a “hold” rating in a report on Sunday, July 15th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $80.00 target price (up previously from $52.00) on shares of Twilio in a report on Monday, August 6th. Two equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $76.55.
NYSE TWLO traded up $5.71 on Friday, reaching $75.00. The company had a trading volume of 3,635,067 shares, compared to its average volume of 2,284,503. The stock has a market cap of $8.41 billion, a PE ratio of -96.15 and a beta of 0.31. Twilio Inc has a 1 year low of $23.25 and a 1 year high of $88.88. The company has a quick ratio of 7.20, a current ratio of 7.20 and a debt-to-equity ratio of 0.98.
Twilio (NYSE:TWLO) last released its quarterly earnings results on Monday, August 6th. The technology company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.09. The firm had revenue of $147.80 million during the quarter, compared to analysts’ expectations of $130.39 million. Twilio had a negative return on equity of 21.41% and a negative net margin of 18.29%. Twilio’s quarterly revenue was up 54.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) EPS. Sell-side analysts anticipate that Twilio Inc will post -0.78 EPS for the current fiscal year.
In other Twilio news, COO George Hu sold 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $81.03, for a total value of $226,884.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Karyn Smith sold 938 shares of the stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $61.12, for a total value of $57,330.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 204,261 shares of company stock valued at $15,545,973. 19.80% of the stock is owned by company insiders.
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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