Twilio Inc. (NYSE:TWLO) Holdings Raised by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC grew its position in shares of Twilio Inc. (NYSE:TWLO) by 78.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,134 shares of the technology company’s stock after buying an additional 31,227 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Twilio were worth $4,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in TWLO. SouthState Corp raised its stake in shares of Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Twilio in the second quarter valued at approximately $29,000. Westend Capital Management LLC acquired a new stake in shares of Twilio in the first quarter worth $35,000. GAMMA Investing LLC boosted its holdings in shares of Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares during the period. Finally, Lynx Investment Advisory acquired a new position in Twilio in the 2nd quarter valued at $45,000. 84.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on TWLO. Sanford C. Bernstein boosted their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Wells Fargo & Company increased their price objective on Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Barclays decreased their price target on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $70.52.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,877 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $611,940.02. Following the transaction, the chief executive officer now owns 289,207 shares of the company’s stock, valued at $16,270,785.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Dana Wagner sold 820 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $56.26, for a total value of $46,133.20. Following the completion of the sale, the insider now owns 159,317 shares of the company’s stock, valued at $8,963,174.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 10,877 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $611,940.02. Following the transaction, the chief executive officer now directly owns 289,207 shares in the company, valued at approximately $16,270,785.82. The disclosure for this sale can be found here. Insiders sold 24,755 shares of company stock valued at $1,423,386 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Performance

Twilio stock opened at $64.66 on Monday. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The stock has a fifty day moving average price of $60.41 and a two-hundred day moving average price of $59.48. The firm has a market capitalization of $11.07 billion, a P/E ratio of -16.12, a P/E/G ratio of 3.59 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted ($0.23) EPS. As a group, analysts anticipate that Twilio Inc. will post 0.54 EPS for the current fiscal 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.