Bailard Inc. Takes Position in Twilio Inc (TWLO)

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.

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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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