Parker Investment Management LLC Has $1.89 Million Holdings in Twilio Inc (TWLO)

Parker Investment Management LLC decreased its position in Twilio Inc (NYSE:TWLO) by 14.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,623 shares of the technology company’s stock after selling 2,490 shares during the period. Twilio accounts for 0.6% of Parker Investment Management LLC’s investment portfolio, making the stock its 19th biggest holding. Parker Investment Management LLC’s holdings in Twilio were worth $1,889,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TWLO. Dimensional Fund Advisors LP lifted its holdings in Twilio by 25.4% during the third quarter. Dimensional Fund Advisors LP now owns 106,956 shares of the technology company’s stock worth $9,227,000 after acquiring an additional 21,688 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Twilio by 10.0% in the third quarter. Legal & General Group Plc now owns 34,444 shares of the technology company’s stock valued at $2,972,000 after purchasing an additional 3,143 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Twilio by 61.4% in the third quarter. Federated Investors Inc. PA now owns 33,114 shares of the technology company’s stock valued at $2,857,000 after purchasing an additional 12,595 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Twilio by 10.5% in the third quarter. Vanguard Group Inc now owns 6,480,321 shares of the technology company’s stock valued at $559,122,000 after purchasing an additional 613,596 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Twilio by 3.8% in the fourth quarter. State of Alaska Department of Revenue now owns 9,104 shares of the technology company’s stock valued at $812,000 after purchasing an additional 334 shares in the last quarter. Hedge funds and other institutional investors own 57.01% of the company’s stock.

TWLO has been the topic of a number of research reports. Zacks Investment Research lowered Twilio from a “buy” rating to a “hold” rating in a report on Monday, January 21st. Robert W. Baird restated an “outperform” rating and issued a $134.00 price target (up from $105.00) on shares of Twilio in a report on Friday, February 1st. Bank of America restated a “buy” rating and issued a $125.00 price target (up from $92.00) on shares of Twilio in a report on Thursday, February 7th. restated an “outperform” rating and issued a $125.00 price target (up from $110.00) on shares of Twilio in a report on Wednesday, February 13th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $150.00 target price (up previously from $117.00) on shares of Twilio in a research report on Wednesday, February 13th. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $138.36.

Shares of NYSE:TWLO traded up $12.28 during midday trading on Thursday, reaching $143.36. The company had a trading volume of 4,191,002 shares, compared to its average volume of 4,293,603. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.83 and a current ratio of 5.83. The company has a market cap of $16.38 billion, a P/E ratio of -179.20 and a beta of 1.31. Twilio Inc has a 1-year low of $51.82 and a 1-year high of $142.20.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.40). The business had revenue of $233.00 million for the quarter, compared to analyst estimates of $223.45 million. Twilio had a negative return on equity of 9.50% and a negative net margin of 17.87%. Twilio’s quarterly revenue was up 80.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) EPS. As a group, equities analysts predict that Twilio Inc will post -1.4 earnings per share for the current fiscal year.

In other Twilio news, Director Erika Rottenberg sold 808 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $106.22, for a total transaction of $85,825.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Karyn Smith sold 1,360 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $106.22, for a total value of $144,459.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,847 shares of company stock worth $15,583,124. Company insiders own 10.85% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Parker Investment Management LLC Has $1.89 Million Holdings in Twilio Inc (TWLO)” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.com-unik.info/2019/05/16/parker-investment-management-llc-has-1-89-million-holdings-in-twilio-inc-twlo.html.

About Twilio

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.

Recommended Story: What Does Beta Mean In Stock Selection

Want to see what other hedge funds are holding TWLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twilio Inc (NYSE:TWLO).

Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit