Murchinson Ltd. Has $3.69 Million Stock Position in Twilio Inc. (NYSE:TWLO)

Murchinson Ltd. boosted its position in Twilio Inc. (NYSE:TWLO) by 30.0% in the second quarter, Holdings Channel.com reports. The firm owned 65,000 shares of the technology company’s stock after purchasing an additional 15,000 shares during the quarter. Twilio comprises 0.6% of Murchinson Ltd.’s portfolio, making the stock its 22nd biggest holding. Murchinson Ltd.’s holdings in Twilio were worth $3,693,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TWLO. Advisory Services Network LLC acquired a new position in Twilio in the 4th quarter worth about $169,000. TD Asset Management Inc increased its holdings in Twilio by 12.3% in the 4th quarter. TD Asset Management Inc now owns 41,623 shares of the technology company’s stock worth $3,158,000 after purchasing an additional 4,552 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Twilio by 36.6% in the 4th quarter. Allianz Asset Management GmbH now owns 20,061 shares of the technology company’s stock worth $1,522,000 after purchasing an additional 5,377 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Twilio by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 77,294 shares of the technology company’s stock worth $5,864,000 after purchasing an additional 740 shares in the last quarter. Finally, Scotia Capital Inc. increased its holdings in Twilio by 37.0% in the 4th quarter. Scotia Capital Inc. now owns 5,660 shares of the technology company’s stock worth $429,000 after purchasing an additional 1,529 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Up 1.0 %

Shares of NYSE:TWLO opened at $64.66 on Friday. The business’s 50 day simple moving average is $60.41 and its two-hundred day simple moving average is $59.50. The firm has a market cap of $11.07 billion, a P/E ratio of -16.12, a PEG ratio of 3.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16.

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, topping the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.23) earnings per share. As a group, research analysts forecast that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TWLO. JPMorgan Chase & Co. upped their target price on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Piper Sandler reiterated an “overweight” rating and issued a $83.00 price target (up previously from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Morgan Stanley lowered Twilio from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $70.00 to $60.00 in a research report on Friday, June 14th. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, Sanford C. Bernstein upped their price target on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $70.52.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 591 shares of the 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 sale, the insider now directly owns 156,737 shares of the company’s stock, valued at $9,540,581.19. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Aidan Viggiano sold 6,797 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $56.33, for a total value of $382,875.01. Following the completion of the sale, the chief financial officer now directly owns 195,048 shares of the company’s stock, valued at $10,987,053.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dana Wagner sold 591 shares of the 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 sale, the insider now directly 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 ninety days. 4.50% of the stock is currently owned by insiders.

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.