TIAA CREF Investment Management LLC decreased its position in Twilio (NYSE:TWLO) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 204,332 shares of the technology company’s stock after selling 3,799 shares during the period. TIAA CREF Investment Management LLC owned 0.22% of Twilio worth $4,822,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of TWLO. Technology Crossover Management IX Ltd. purchased a new stake in Twilio in the 4th quarter valued at about $47,599,000. Raging Capital Management LLC purchased a new stake in Twilio in the 4th quarter valued at about $22,420,000. Salesforce Com Inc. purchased a new stake in Twilio in the 4th quarter valued at about $20,969,000. Franklin Resources Inc. increased its stake in Twilio by 27.2% in the 4th quarter. Franklin Resources Inc. now owns 1,650,883 shares of the technology company’s stock valued at $38,961,000 after buying an additional 352,970 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Twilio during the 4th quarter worth approximately $7,181,000. Hedge funds and other institutional investors own 60.32% of the company’s stock.
TWLO opened at $42.11 on Friday. The company has a market capitalization of $3,879.45, a P/E ratio of -53.99 and a beta of -0.48. Twilio has a 12 month low of $22.80 and a 12 month high of $42.54.
Twilio (NYSE:TWLO) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.01. The company had revenue of $115.24 million during the quarter, compared to the consensus estimate of $103.51 million. Twilio had a negative net margin of 15.97% and a negative return on equity of 19.52%. analysts predict that Twilio will post -0.69 earnings per share for the current year.
In other Twilio news, Director Richard L. Dalzell sold 22,500 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $30.00, for a total value of $675,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Karyn Smith sold 2,952 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $30.84, for a total transaction of $91,039.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,150 shares of company stock valued at $4,619,974. 25.03% of the stock is owned by insiders.
Several brokerages have recently issued reports on TWLO. Vetr lowered shares of Twilio from a “buy” rating to a “hold” rating and set a $42.47 price target for the company. in a research note on Wednesday. Robert W. Baird restated a “buy” rating on shares of Twilio in a research note on Thursday, March 15th. Citigroup raised their price target on shares of Twilio to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 13th. Northland Securities raised their price target on shares of Twilio from $39.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 11th. Finally, Monness Crespi & Hardt began coverage on shares of Twilio in a research note on Wednesday, April 11th. They set a “buy” rating and a $60.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.30.
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Twilio Company Profile
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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