Creative Planning decreased its holdings in shares of Twilio Inc (NYSE:TWLO) by 37.2% in the 4th quarter, Holdings Channel reports. The fund owned 8,037 shares of the technology company’s stock after selling 4,756 shares during the quarter. Creative Planning’s holdings in Twilio were worth $718,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Hollencrest Capital Management increased its stake in Twilio by 4.3% during the fourth quarter. Hollencrest Capital Management now owns 3,670 shares of the technology company’s stock worth $328,000 after acquiring an additional 150 shares during the last quarter. FNY Investment Advisers LLC increased its stake in Twilio by 18.8% during the fourth quarter. FNY Investment Advisers LLC now owns 1,129 shares of the technology company’s stock worth $100,000 after acquiring an additional 179 shares during the last quarter. Adirondack Trust Co. increased its stake in Twilio by 625.0% during the fourth quarter. Adirondack Trust Co. now owns 348 shares of the technology company’s stock worth $31,000 after acquiring an additional 300 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Twilio by 3.8% during the fourth quarter. State of Alaska Department of Revenue now owns 9,104 shares of the technology company’s stock worth $812,000 after buying an additional 334 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Twilio by 4.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,889 shares of the technology company’s stock worth $794,000 after buying an additional 400 shares during the period. 59.84% of the stock is owned by institutional investors.
Several research firms have recently commented on TWLO. Rosenblatt Securities set a $118.00 price target on Twilio and gave the stock a “buy” rating in a research report on Thursday. DA Davidson raised their price target on Twilio from $99.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered Twilio from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Canaccord Genuity raised their price target on Twilio from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, KeyCorp raised their price target on Twilio from $114.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $106.55.
NYSE:TWLO opened at $106.87 on Thursday. The firm has a market capitalization of $11.48 billion, a P/E ratio of -137.01 and a beta of 1.34. Twilio Inc has a 12-month low of $28.59 and a 12-month high of $119.00. The company has a quick ratio of 6.78, a current ratio of 6.78 and a debt-to-equity ratio of 0.99.
Twilio (NYSE:TWLO) last released its earnings results on Tuesday, February 12th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.21. The firm had revenue of $204.30 million during the quarter, compared to analyst estimates of $184.46 million. Twilio had a negative return on equity of 18.94% and a negative net margin of 16.70%. Twilio’s revenue was up 77.3% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share. Equities research analysts predict that Twilio Inc will post -0.69 earnings per share for the current year.
In other Twilio news, Director Erika Rottenberg sold 808 shares of Twilio stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $113.82, for a total transaction of $91,966.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO George Hu sold 7,800 shares of Twilio stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $113.98, for a total value of $889,044.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 169,542 shares of company stock valued at $15,529,584. 19.80% of the stock is currently owned by company insiders.
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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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