Valliance Asset Management Ltd Takes $245,000 Position in Twilio Inc. (NYSE:TWLO)

Key Points

• Valliance Asset Management Ltd has acquired 2,500 shares of Twilio Inc., valued at approximately $245,000, making it the 21st largest holding in their portfolio.
• Twilio's latest earnings report showed earnings per share of $1.14, exceeding analysts' estimates, with year-over-year revenue growth of 12.0%.
• Insider activity was notable as CFO Aidan Viggiano sold 8,297 shares, resulting in a 5.31% decrease in their ownership of Twilio stock.

Valliance Asset Management Ltd purchased a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,500 shares of the technology company's stock, valued at approximately $245,000. Twilio makes up 0.6% of Valliance Asset Management Ltd's investment portfolio, making the stock its 21st biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jericho Capital Asset Management L.P. bought a new stake in shares of Twilio in the 4th quarter worth $301,258,000. Norges Bank purchased a new position in shares of Twilio in the 4th quarter worth about $222,146,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Twilio by 26.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,602,428 shares of the technology company's stock worth $173,190,000 after buying an additional 331,202 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Twilio by 1,292.9% in the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock worth $122,101,000 after buying an additional 1,048,619 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Twilio by 9.5% in the 4th quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company's stock worth $119,855,000 after buying an additional 96,010 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 20,008 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 260,581 shares in the company, valued at $32,450,151.93. This trade represents a 7.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 8,297 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were 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 in the company, valued at $17,302,682.15. The trade was a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,888 shares of company stock worth $6,753,409 over the last ninety days. Insiders own 4.50% of the company's stock.

Twilio Price Performance

Shares of TWLO stock traded down $1.46 during trading on Tuesday, hitting $130.05. The company had a trading volume of 2,070,444 shares, compared to its average volume of 2,458,750. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. The stock's 50-day moving average is $120.83 and its two-hundred day moving average is $113.72. The stock has a market capitalization of $19.85 billion, a price-to-earnings ratio of -619.28, a price-to-earnings-growth ratio of 4.09 and a beta of 1.30. Twilio Inc. has a 52 week low of $56.16 and a 52 week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.22. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. Twilio's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 earnings per share. As a group, analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on TWLO. Jefferies Financial Group set a $132.00 price target on shares of Twilio and gave the stock a "hold" rating in a report on Sunday, June 15th. KeyCorp began coverage on shares of Twilio in a report on Friday, June 6th. They issued an "overweight" rating and a $146.00 price target on the stock. Mizuho cut their price target on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. JMP Securities reissued a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. Finally, HSBC raised shares of Twilio from a "reduce" rating to a "hold" rating and boosted their price target for the stock from $77.00 to $99.00 in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Twilio currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.22.

Twilio Company 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.