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 TWLO. Delpha Capital Management LLC purchased a new position in shares of Twilio in the 4th quarter valued at 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.
Shares of Twilio Inc (NYSE TWLO) traded up $1.22 during trading hours on Wednesday, hitting $40.79. The company 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 twelve month low of $22.80 and a twelve month high of $41.94.
Twilio (NYSE:TWLO) last posted its earnings results 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. Twilio had a negative net margin of 15.97% and a negative return on equity of 19.52%. The firm had revenue of $115.24 million for the quarter, compared to the consensus estimate of $103.51 million. equities analysts anticipate that Twilio Inc will post -0.69 EPS 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 reissued a “buy” rating and set a $38.00 price target 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 issued a “buy” rating and a $45.00 target price 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 news, CFO Lee Kirkpatrick sold 10,830 shares of Twilio stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $25.28, for a total value of $273,782.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Karyn Smith sold 20,000 shares of Twilio stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $38.07, for a total transaction of $761,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,842 shares of company stock valued at $4,020,701. Corporate insiders own 25.03% of the company’s stock.
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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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