Stevens Capital Management LP decreased its holdings in Twilio Inc (NYSE:TWLO) by 71.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,264 shares of the technology company’s stock after selling 28,882 shares during the quarter. Stevens Capital Management LP’s holdings in Twilio were worth $972,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Alliancebernstein L.P. grew its holdings in Twilio by 4,157.4% in the third quarter. Alliancebernstein L.P. now owns 1,504,150 shares of the technology company’s stock valued at $129,778,000 after purchasing an additional 1,468,820 shares during the last quarter. Whale Rock Capital Management LLC acquired a new stake in Twilio in the second quarter valued at $64,266,000. First Trust Advisors LP grew its holdings in Twilio by 684.7% in the third quarter. First Trust Advisors LP now owns 828,895 shares of the technology company’s stock valued at $71,517,000 after purchasing an additional 723,257 shares during the last quarter. Millennium Management LLC grew its holdings in Twilio by 117.5% in the second quarter. Millennium Management LLC now owns 883,901 shares of the technology company’s stock valued at $49,516,000 after purchasing an additional 477,552 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Twilio by 122.9% in the second quarter. Wells Fargo & Company MN now owns 670,664 shares of the technology company’s stock valued at $37,571,000 after purchasing an additional 369,791 shares during the last quarter. Hedge funds and other institutional investors own 59.43% of the company’s stock.
TWLO opened at $89.33 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.78 and a quick ratio of 6.78. Twilio Inc has a 52 week low of $23.25 and a 52 week high of $98.89.
Twilio (NYSE:TWLO) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. The business had revenue of $168.90 million for the quarter, compared to analyst estimates of $151.62 million. Twilio had a negative return on equity of 18.94% and a negative net margin of 16.70%. The business’s revenue for the quarter was up 68.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) earnings per share. On average, equities analysts forecast that Twilio Inc will post -0.69 earnings per share for the current fiscal year.
In other Twilio news, COO George Hu sold 7,800 shares of the firm’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $93.18, for a total value of $726,804.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeff Lawson sold 20,830 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $85.72, for a total value of $1,785,547.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,001 shares of company stock worth $15,713,556. Corporate insiders own 19.80% of the company’s stock.
Several research firms have weighed in on TWLO. JPMorgan Chase & Co. upped their target price on Twilio to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 7th. Piper Jaffray Companies reissued an “overweight” rating and issued a $95.00 target price on shares of Twilio in a report on Wednesday, November 7th. Mitsubishi UFJ Financial Group upped their target price on Twilio to $82.00 and gave the company an “overweight” rating in a report on Tuesday, August 14th. Argus upped their target price on Twilio from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 8th. Finally, Bank of America upped their target price on Twilio from $87.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, November 7th. Two investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $82.22.
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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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