Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Twilio Inc. (NYSE:TWLO)

Key Points

• Zurcher Kantonalbank has increased its stake in Twilio by 1.5%, owning approximately 0.11% of the company valued at about $16.6 million.
• Twilio's latest earnings report showed an EPS of $1.14, surpassing analyst expectations and indicating a year-over-year revenue growth of 12%.
• Insider activity includes CEO Khozema Shipchandler selling 13,595 shares and directors reducing their holdings, with insiders owning 4.50% of the company after selling 55,888 shares recently.

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,759 shares of the technology company's stock after acquiring an additional 2,583 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.11% of Twilio worth $16,621,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TWLO. Woodward Diversified Capital LLC grew its stake in shares of Twilio by 1.5% during the first quarter. Woodward Diversified Capital LLC now owns 7,163 shares of the technology company's stock valued at $701,000 after buying an additional 103 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Twilio by 6.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock valued at $239,000 after buying an additional 140 shares during the last quarter. Signaturefd LLC grew its stake in shares of Twilio by 4.9% during the first quarter. Signaturefd LLC now owns 3,560 shares of the technology company's stock valued at $349,000 after buying an additional 167 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in shares of Twilio by 2.7% during the first quarter. Pallas Capital Advisors LLC now owns 6,591 shares of the technology company's stock valued at $645,000 after buying an additional 171 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Twilio by 9.2% during the first quarter. Sequoia Financial Advisors LLC now owns 2,060 shares of the technology company's stock valued at $202,000 after buying an additional 174 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Twilio Trading Down 1.3%

Twilio stock traded down $1.70 during trading on Thursday, hitting $129.23. The company had a trading volume of 2,430,772 shares, compared to its average volume of 2,387,524. The company's 50 day simple moving average is $121.42 and its 200-day simple moving average is $113.99. The stock has a market cap of $19.73 billion, a price-to-earnings ratio of -615.36, a price-to-earnings-growth ratio of 4.07 and a beta of 1.30. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1-year low of $56.16 and a 1-year high of $151.95.

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 the consensus estimate of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 earnings per share. As a group, analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Scotiabank upped their target price on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Mizuho lowered their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group raised their price objective on Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Morgan Stanley lowered their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, JMP Securities reissued a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $127.22.

Insiders Place Their Bets

In other Twilio news, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the transaction, the director owned 33,488 shares in the company, valued at $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 8,297 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the transaction, the chief financial officer owned 147,823 shares of the company's stock, valued at approximately $17,302,682.15. The trade was a 5.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,888 shares of company stock worth $6,753,409 over the last 90 days. Corporate insiders own 0.21% of the company's stock.

Twilio Profile

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.