Technology Crossover Management IX Ltd. purchased a new position in shares of Twilio Inc (NYSE:TWLO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,016,900 shares of the technology company’s stock, valued at approximately $47,599,000. Twilio accounts for 23.2% of Technology Crossover Management IX Ltd.’s investment portfolio, making the stock its 3rd biggest holding. Technology Crossover Management IX Ltd. owned about 2.17% of Twilio as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Delpha Capital Management LLC purchased a new position in Twilio during the 4th quarter worth approximately $101,000. Cerebellum GP LLC purchased a new stake in shares of Twilio in the fourth quarter valued at approximately $117,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Twilio in the fourth quarter valued at approximately $123,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of Twilio in the fourth quarter valued at approximately $159,000. Finally, Pinnacle Associates Ltd. acquired a new position in Twilio during the fourth quarter worth $210,000. Institutional investors and hedge funds own 61.43% of the company’s stock.
Twilio Inc (TWLO) traded up $1.22 on Wednesday, hitting $40.79. The stock had a trading volume of 1,808,626 shares, compared to its average volume of 2,265,457. The stock has a market capitalization of $3,790.00 and a price-to-earnings ratio of -50.81. Twilio Inc has a one year low of $22.80 and a one year high of $41.94.
Twilio (NYSE:TWLO) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.01. The business had revenue of $115.24 million during the quarter, compared to analyst estimates of $103.51 million. Twilio had a negative return on equity of 19.52% and a negative net margin of 15.97%. equities analysts anticipate that Twilio Inc will post -0.69 earnings per share for the current year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut Twilio from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Citigroup lifted their price objective on Twilio to $43.00 and gave the company an “overweight” rating in a research report on Tuesday. Oppenheimer reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Twilio in a research report on Tuesday, January 2nd. Bank of America began coverage on Twilio in a research report on Thursday, March 1st. They set a “buy” rating and a $45.00 price target for the company. Finally, KeyCorp reaffirmed a “hold” rating on shares of Twilio in a research report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $37.66.
In other Twilio news, General Counsel Karyn Smith sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $38.07, for a total transaction of $761,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 22,500 shares of Twilio stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $30.00, for a total transaction of $675,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,842 shares of company stock worth $4,020,701. 25.03% of the stock is owned by company insiders.
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Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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