Pacer Advisors Inc. lifted its holdings in shares of Twilio Inc. (NYSE:TWLO) by 56.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 8,010 shares of the technology company’s stock after acquiring an additional 2,875 shares during the period. Pacer Advisors Inc.’s holdings in Twilio were worth $239,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. US Bancorp DE boosted its position in Twilio by 199.1% in the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock valued at $170,000 after buying an additional 3,878 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Twilio by 22.5% in the second quarter. Janney Montgomery Scott LLC now owns 10,930 shares of the technology company’s stock valued at $318,000 after buying an additional 2,005 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Twilio by 204.0% in the second quarter. Great West Life Assurance Co. Can now owns 7,297 shares of the technology company’s stock valued at $212,000 after buying an additional 4,897 shares during the last quarter. Sei Investments Co. boosted its position in Twilio by 138,746.4% in the second quarter. Sei Investments Co. now owns 38,877 shares of the technology company’s stock valued at $1,132,000 after buying an additional 38,849 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Twilio by 10.0% in the second quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock valued at $151,000 after buying an additional 469 shares during the last quarter. Institutional investors and hedge funds own 60.13% of the company’s stock.
A number of brokerages have issued reports on TWLO. Mitsubishi UFJ Financial Group raised Twilio from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $35.00 in a report on Tuesday, August 8th. J P Morgan Chase & Co boosted their price target on Twilio from $33.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. Robert W. Baird boosted their price target on Twilio from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. Canaccord Genuity upped their target price on Twilio from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $47.00 target price (up from $44.00) on shares of Twilio in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $36.78.
Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, November 8th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. The company had revenue of $100.54 million during the quarter, compared to analysts’ expectations of $92.50 million. Twilio had a negative return on equity of 17.55% and a negative net margin of 15.69%. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) EPS. equities research analysts anticipate that Twilio Inc. will post -0.75 earnings per share for the current year.
In other Twilio news, CFO Lee Kirkpatrick sold 13,829 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $30.85, for a total value of $426,624.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Karyn Smith sold 5,213 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $31.23, for a total value of $162,801.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,347 shares of company stock valued at $1,416,011. 25.03% of the stock is owned by company insiders.
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Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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