Bailard Inc. purchased a new stake in Twilio Inc (NYSE:TWLO) in the third quarter, HoldingsChannel reports. The institutional investor purchased 9,852 shares of the technology company’s stock, valued at approximately $850,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Oppenheimer & Co. Inc. raised its holdings in Twilio by 14.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,990 shares of the technology company’s stock worth $689,000 after buying an additional 995 shares during the period. Xact Kapitalforvaltning AB raised its holdings in Twilio by 9.8% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 11,188 shares of the technology company’s stock worth $966,000 after buying an additional 1,000 shares during the period. Kopp Investment Advisors LLC raised its holdings in Twilio by 1.8% during the 2nd quarter. Kopp Investment Advisors LLC now owns 69,125 shares of the technology company’s stock worth $3,872,000 after buying an additional 1,240 shares during the period. Peloton Wealth Strategists raised its holdings in Twilio by 4.7% during the 2nd quarter. Peloton Wealth Strategists now owns 28,690 shares of the technology company’s stock worth $1,607,000 after buying an additional 1,290 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its holdings in Twilio by 14.9% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 10,773 shares of the technology company’s stock worth $929,000 after buying an additional 1,396 shares during the period. 59.43% of the stock is owned by institutional investors.
In other news, CFO Lee Kirkpatrick sold 17,636 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $86.81, for a total value of $1,530,981.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeff Lawson sold 20,830 shares of the company’s stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $71.67, for a total value of $1,492,886.10. The disclosure for this sale can be found here. Insiders sold a total of 189,001 shares of company stock worth $15,713,556 in the last quarter. 19.80% of the stock is owned by corporate insiders.
Several analysts have issued reports on TWLO shares. Mitsubishi UFJ Financial Group boosted their price objective on Twilio to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, November 7th. Canaccord Genuity boosted their price objective on Twilio from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 7th. JMP Securities boosted their price objective on Twilio from $76.00 to $86.00 and gave the stock an “outperform” rating in a report on Tuesday, September 4th. KeyCorp restated a “buy” rating and set a $99.00 price objective on shares of Twilio in a report on Thursday, October 11th. Finally, Monness Crespi & Hardt boosted their price objective on Twilio from $108.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, November 7th. Two equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $82.22.
Shares of TWLO opened at $89.33 on Friday. The stock has a market capitalization of $8.87 billion, a PE ratio of -114.53 and a beta of 1.10. Twilio Inc has a fifty-two week low of $23.25 and a fifty-two week high of $98.89. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.78 and a current ratio of 6.78.
Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, November 6th. The technology company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. The company had revenue of $168.90 million for the quarter, compared to the consensus estimate of $151.62 million. Twilio had a negative return on equity of 18.94% and a negative net margin of 16.70%. The firm’s quarterly revenue was up 68.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. On average, sell-side analysts expect that Twilio Inc will post -0.7 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Bailard Inc. Takes Position in Twilio Inc (TWLO)” was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.thelincolnianonline.com/2018/12/08/bailard-inc-takes-position-in-twilio-inc-twlo.html.
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.
See Also: Why is the LIBOR significant?
Want to see what other hedge funds are holding TWLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twilio Inc (NYSE:TWLO).
Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.