Cypress Capital Management LLC WY Reduces Holdings in Twilio Inc (TWLO)

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Cypress Capital Management LLC WY decreased its holdings in Twilio Inc (NYSE:TWLO) by 23.1% in the 1st quarter, HoldingsChannel reports. The fund owned 400 shares of the technology company’s stock after selling 120 shares during the quarter. Cypress Capital Management LLC WY’s holdings in Twilio were worth $52,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TWLO. CIBC Asset Management Inc grew its stake in shares of Twilio by 22.7% during the first quarter. CIBC Asset Management Inc now owns 4,064 shares of the technology company’s stock worth $525,000 after purchasing an additional 752 shares in the last quarter. American International Group Inc. grew its stake in shares of Twilio by 15.2% during the first quarter. American International Group Inc. now owns 2,055 shares of the technology company’s stock worth $265,000 after purchasing an additional 271 shares in the last quarter. Parkwood LLC grew its stake in shares of Twilio by 14.5% during the first quarter. Parkwood LLC now owns 21,649 shares of the technology company’s stock worth $2,797,000 after purchasing an additional 2,744 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of Twilio during the first quarter worth $507,000. Finally, Cetera Advisor Networks LLC acquired a new position in shares of Twilio during the first quarter worth $257,000. Institutional investors and hedge funds own 57.69% of the company’s stock.

Shares of NYSE:TWLO opened at $123.39 on Tuesday. Twilio Inc has a one year low of $50.57 and a one year high of $142.20. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.33 and a quick ratio of 6.33. The stock has a market capitalization of $16.10 billion, a PE ratio of -154.24 and a beta of 1.31.

Twilio (NYSE:TWLO) last announced its earnings results on Tuesday, April 30th. The technology company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.40). Twilio had a negative net margin of 17.87% and a negative return on equity of 25.32%. The business had revenue of $233.00 million during the quarter, compared to analysts’ expectations of $223.45 million. During the same period in the previous year, the company posted ($0.04) earnings per share. Twilio’s quarterly revenue was up 80.5% on a year-over-year basis. As a group, sell-side analysts predict that Twilio Inc will post -1.4 EPS for the current year.

In other Twilio news, COO George Hu sold 7,649 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $106.22, for a total transaction of $812,476.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Karyn Smith sold 24,460 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $125.71, for a total transaction of $3,074,866.60. The disclosure for this sale can be found here. Insiders have sold 126,847 shares of company stock valued at $15,583,124 over the last three months. 19.80% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on TWLO. ValuEngine upgraded shares of Twilio from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st. Mitsubishi UFJ Financial Group upped their price objective on shares of Twilio to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. KeyCorp upped their price objective on shares of Twilio from $150.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Bank of America upped their price objective on shares of Twilio from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, DA Davidson upped their price objective on shares of Twilio to $163.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $138.36.

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About Twilio

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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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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