Jupiter Asset Management Ltd. grew its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 49.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 196,444 shares of the technology company's stock after purchasing an additional 64,883 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.13% of Twilio worth $19,234,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. LRI Investments LLC acquired a new position in shares of Twilio in the 1st quarter valued at $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Twilio in the 1st quarter valued at $28,000. TCTC Holdings LLC grew its holdings in shares of Twilio by 118.1% in the 1st quarter. TCTC Holdings LLC now owns 338 shares of the technology company's stock valued at $33,000 after buying an additional 183 shares during the period. Cloud Capital Management LLC acquired a new position in shares of Twilio in the 1st quarter valued at $34,000. Finally, UMB Bank n.a. acquired a new position in shares of Twilio in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 84.27% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Morgan Stanley cut their price target on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Tigress Financial reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Twilio in a research report on Thursday, May 8th. UBS Group cut their price objective on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group set a $132.00 price objective on Twilio and gave the stock a "hold" rating in a research report on Sunday, June 15th. Finally, KeyCorp started coverage on Twilio in a research report on Friday, June 6th. They set an "overweight" rating and a $146.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio currently has a consensus rating of "Moderate Buy" and an average target price of $127.22.
Check Out Our Latest Research Report on Twilio
Twilio Trading Down 6.1%
Twilio stock opened at $121.14 on Friday. Twilio Inc. has a 52 week low of $56.85 and a 52 week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78. The stock has a market capitalization of $18.49 billion, a P/E ratio of -576.86, a PEG ratio of 3.77 and a beta of 1.23. The stock has a 50-day simple moving average of $121.57 and a 200 day simple moving average of $114.09.
Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the company posted $0.80 earnings per share. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. Analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.
Insider Buying and Selling at Twilio
In other Twilio news, CFO Aidan Viggiano sold 8,297 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total value of $971,163.85. Following the transaction, the chief financial officer directly owned 147,823 shares of the company's stock, valued at $17,302,682.15. This represents a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 20,008 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the completion of the transaction, the chief executive officer directly owned 260,581 shares in the company, valued at approximately $32,450,151.93. This represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,888 shares of company stock valued at $6,753,409 in the last three months. 0.21% of the stock is currently owned by company insiders.
Twilio Profile
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Free Report)
Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.
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