Twilio Inc (TWLO) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS decreased its holdings in Twilio Inc (NYSE:TWLO) by 32.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,830 shares of the technology company’s stock after selling 110,105 shares during the period. Kornitzer Capital Management Inc. KS owned 0.24% of Twilio worth $19,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TWLO. Catalyst Capital Advisors LLC purchased a new position in shares of Twilio in the second quarter worth about $112,000. Patton Albertson Miller Group LLC purchased a new position in shares of Twilio in the third quarter worth about $115,000. Synovus Financial Corp purchased a new position in shares of Twilio in the third quarter worth about $129,000. Tower Research Capital LLC TRC purchased a new position in shares of Twilio in the second quarter worth about $182,000. Finally, BKS Advisors LLC purchased a new position in shares of Twilio in the third quarter worth about $208,000. Hedge funds and other institutional investors own 59.28% of the company’s stock.

In other Twilio news, COO George Hu sold 19,360 shares of Twilio stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $82.67, for a total transaction of $1,600,491.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lee Kirkpatrick sold 14,000 shares of Twilio stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $86.76, for a total transaction of $1,214,640.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,561 shares of company stock valued at $15,176,243. 19.80% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on TWLO. Zacks Investment Research reiterated a “hold” rating and issued a $103.00 target price on shares of Twilio in a research note on Saturday, November 17th. Argus raised their price objective on shares of Twilio from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. Canaccord Genuity raised their price objective on shares of Twilio from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 7th. Bank of America raised their price objective on shares of Twilio from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, November 7th. Finally, Monness Crespi & Hardt raised their price objective on shares of Twilio from $108.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, November 7th. Two equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $82.22.

TWLO stock opened at $94.49 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.78 and a quick ratio of 6.78. Twilio Inc has a 12 month low of $23.25 and a 12 month high of $98.89.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. Twilio had a negative net margin of 16.70% and a negative return on equity of 18.94%. The company had revenue of $168.90 million during the quarter, compared to analyst estimates of $151.62 million. During the same period last year, the business earned ($0.08) earnings per share. Twilio’s revenue was up 68.0% compared to the same quarter last year. As a group, research analysts anticipate that Twilio Inc will post -0.7 EPS for the current year.

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Twilio Company Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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