SeaTown Holdings Pte. Ltd. Raises Stock Position in Twilio Inc (NYSE:TWLO)

SeaTown Holdings Pte. Ltd. increased its stake in Twilio Inc (NYSE:TWLO) by 450.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,000 shares of the technology company’s stock after purchasing an additional 90,000 shares during the period. Twilio accounts for about 2.7% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 14th largest position. SeaTown Holdings Pte. Ltd. owned about 0.09% of Twilio worth $14,999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC lifted its stake in Twilio by 56.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 282 shares of the technology company’s stock valued at $38,000 after acquiring an additional 102 shares during the period. Private Advisors LLC increased its position in Twilio by 0.5% during the first quarter. Private Advisors LLC now owns 22,188 shares of the technology company’s stock worth $2,866,000 after buying an additional 112 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Twilio by 12.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,120 shares of the technology company’s stock valued at $153,000 after purchasing an additional 120 shares during the period. Reilly Financial Advisors LLC increased its holdings in Twilio by 20.0% in the second quarter. Reilly Financial Advisors LLC now owns 720 shares of the technology company’s stock valued at $98,000 after purchasing an additional 120 shares during the period. Finally, Congress Park Capital LLC increased its holdings in Twilio by 5.1% in the first quarter. Congress Park Capital LLC now owns 2,695 shares of the technology company’s stock valued at $348,000 after purchasing an additional 130 shares during the period. Institutional investors own 76.31% of the company’s stock.

In related news, CEO Jeff Lawson sold 20,830 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $138.50, for a total value of $2,884,955.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO George Hu sold 7,743 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $128.22, for a total transaction of $992,807.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,984 shares of company stock worth $22,011,433. 10.85% of the stock is owned by insiders.

A number of analysts recently weighed in on the company. Monness Crespi & Hardt restated a “buy” rating and issued a $175.00 price objective (up from $150.00) on shares of Twilio in a report on Wednesday, May 1st. TheStreet upgraded Twilio from a “d” rating to a “c” rating in a report on Monday, June 24th. Piper Jaffray Companies increased their price objective on Twilio from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Zacks Investment Research downgraded Twilio from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Deutsche Bank increased their price objective on Twilio from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $144.77.

Shares of TWLO stock traded up $1.07 on Tuesday, reaching $132.56. 175,497 shares of the company were exchanged, compared to its average volume of 4,259,622. The stock has a market capitalization of $18.17 billion, a P/E ratio of -165.76 and a beta of 1.17. The firm has a 50-day simple moving average of $139.74. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 0.14. Twilio Inc has a one year low of $62.43 and a one year high of $151.00.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.49) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.18). The company had revenue of $275.00 million for the quarter, compared to the consensus estimate of $264.43 million. Twilio had a negative return on equity of 7.22% and a negative net margin of 23.07%. Twilio’s revenue for the quarter was up 86.1% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS. Equities research analysts predict that Twilio Inc will post -1.39 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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