Y Intercept Hong Kong Ltd lifted its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 529.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,345 shares of the technology company's stock after purchasing an additional 34,774 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Twilio were worth $4,048,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. LRI Investments LLC acquired a new stake in shares of Twilio during the first quarter worth $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Twilio during the first quarter worth $28,000. Cloud Capital Management LLC acquired a new stake in shares of Twilio during the first quarter worth $34,000. UMB Bank n.a. acquired a new stake in shares of Twilio during the first quarter worth $37,000. Finally, CX Institutional acquired a new stake in shares of Twilio during the first quarter worth $39,000. Institutional investors and hedge funds own 84.27% of the company's stock.
Twilio Stock Up 0.5%
Shares of NYSE TWLO traded up $0.64 during midday trading on Friday, reaching $132.31. 657,198 shares of the company's stock were exchanged, compared to its average volume of 2,875,028. Twilio Inc. has a 52-week low of $56.16 and a 52-week high of $151.95. The stock has a market capitalization of $20.20 billion, a PE ratio of -630.31, a price-to-earnings-growth ratio of 4.13 and a beta of 1.30. 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 business's fifty day moving average price is $119.97 and its two-hundred day moving average price is $113.26.
Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. Analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on TWLO. KeyCorp began coverage on Twilio in a report on Friday, June 6th. They issued an "overweight" rating and a $146.00 target price on the stock. HSBC upgraded Twilio from a "reduce" rating to a "hold" rating and lifted their target price for the company from $77.00 to $99.00 in a report on Monday, May 5th. UBS Group reduced their target price on Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. JMP Securities reiterated a "market outperform" rating and issued a $165.00 target price on shares of Twilio in a report on Tuesday, April 29th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Twilio in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.22.
Read Our Latest Research Report on TWLO
Insider Activity at Twilio
In related news, CFO Aidan Viggiano sold 8,297 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total value of $971,163.85. Following the completion of the sale, the chief financial officer directly owned 147,823 shares of the company's stock, valued at $17,302,682.15. The trade was a 5.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 13,595 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total value of $1,591,430.70. Following the completion of the sale, the chief executive officer directly owned 246,986 shares of the company's stock, valued at approximately $28,912,181.16. This represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,888 shares of company stock valued at $6,753,409 over the last three months. 0.21% of the stock is owned by insiders.
Twilio Company 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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