Intech Investment Management LLC Raises Stock Holdings in Twilio Inc. (NYSE:TWLO)

Intech Investment Management LLC raised its position in shares of Twilio Inc. (NYSE:TWLO) by 134.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,129 shares of the technology company’s stock after buying an additional 15,559 shares during the quarter. Intech Investment Management LLC’s holdings in Twilio were worth $1,541,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Principal Securities Inc. bought a new position in shares of Twilio in the 4th quarter worth about $25,000. SouthState Corp increased its stake in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Twilio in the 2nd quarter worth approximately $29,000. Westend Capital Management LLC purchased a new stake in shares of Twilio in the 1st quarter worth approximately $35,000. Finally, GAMMA Investing LLC increased its position in Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after buying an additional 264 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 target price (up from $77.00) on shares of Twilio in a report on Friday, August 2nd. Sanford C. Bernstein increased their price target on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. JPMorgan Chase & Co. boosted their price objective on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company increased their target price on Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $70.52.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 591 shares of Twilio stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the transaction, the insider now owns 156,737 shares in the company, valued at approximately $9,540,581.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Khozema Shipchandler sold 11,241 shares of Twilio stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $56.29, for a total transaction of $632,755.89. Following the sale, the chief executive officer now owns 300,084 shares of the company’s stock, valued at approximately $16,891,728.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Wagner sold 591 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the transaction, the insider now owns 156,737 shares of the company’s stock, valued at $9,540,581.19. The disclosure for this sale can be found here. Insiders sold a total of 47,030 shares of company stock valued at $2,677,475 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Twilio Trading Down 0.0 %

NYSE:TWLO opened at $63.00 on Wednesday. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The business has a fifty day moving average price of $60.10 and a 200-day moving average price of $59.45. The firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of -15.71, a price-to-earnings-growth ratio of 3.43 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) earnings per share. Sell-side analysts forecast that Twilio Inc. will post 0.54 EPS for the current year.

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.