Benjamin F. Edwards & Company Inc. Has $213,000 Stock Position in Twilio Inc (NYSE:TWLO)

Benjamin F. Edwards & Company Inc. lifted its stake in Twilio Inc (NYSE:TWLO) by 179.4% in the third quarter, HoldingsChannel reports. The firm owned 1,939 shares of the technology company’s stock after purchasing an additional 1,245 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Twilio were worth $213,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Cooper Financial Group boosted its position in shares of Twilio by 2.2% in the 3rd quarter. Cooper Financial Group now owns 4,684 shares of the technology company’s stock valued at $515,000 after purchasing an additional 100 shares during the period. Gables Capital Management Inc. boosted its position in shares of Twilio by 3.2% in the 3rd quarter. Gables Capital Management Inc. now owns 3,200 shares of the technology company’s stock valued at $350,000 after purchasing an additional 100 shares during the period. First Allied Advisory Services Inc. boosted its position in shares of Twilio by 5.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 2,004 shares of the technology company’s stock valued at $273,000 after purchasing an additional 101 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of Twilio by 56.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 282 shares of the technology company’s stock valued at $38,000 after purchasing an additional 102 shares during the period. Finally, Pitcairn Co. boosted its position in shares of Twilio by 5.2% in the 2nd quarter. Pitcairn Co. now owns 2,103 shares of the technology company’s stock valued at $287,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 74.91% of the company’s stock.

In other news, Director Richard L. Dalzell sold 500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $108.40, for a total transaction of $54,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeff Lawson sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $112.00, for a total value of $3,920,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 158,706 shares of company stock valued at $18,307,629 over the last ninety days. Company insiders own 10.85% of the company’s stock.

TWLO opened at $98.11 on Friday. Twilio Inc has a fifty-two week low of $71.56 and a fifty-two week high of $151.00. The business has a 50-day moving average of $105.00 and a 200-day moving average of $126.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 9.57 and a quick ratio of 9.57. The company has a market capitalization of $13.47 billion, a PE ratio of -122.64 and a beta of 1.14.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.02. Twilio had a negative return on equity of 6.02% and a negative net margin of 26.20%. The company had revenue of $295.00 million during the quarter, compared to the consensus estimate of $287.96 million. During the same period last year, the business earned $0.07 EPS. The business’s quarterly revenue was up 74.6% on a year-over-year basis. On average, equities research analysts expect that Twilio Inc will post -1.5 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the company. Rosenblatt Securities reduced their price objective on Twilio from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. ValuEngine raised Twilio from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th. Bank of America reduced their price objective on Twilio from $160.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Northland Securities reduced their price objective on Twilio from $151.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, Royal Bank of Canada reduced their price objective on Twilio from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $137.00.

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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