Balentine LLC Takes $285,000 Position in Twilio Inc. (NYSE:TWLO)

Balentine LLC purchased a new stake in Twilio Inc. (NYSE:TWLOGet Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,730 shares of the technology company’s stock, valued at approximately $285,000.

Several other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp purchased a new position in shares of Twilio during the 4th quarter worth approximately $256,000. Janney Montgomery Scott LLC boosted its position in shares of Twilio by 75.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,470 shares of the technology company’s stock worth $2,494,000 after purchasing an additional 4,066 shares during the period. Yousif Capital Management LLC purchased a new position in shares of Twilio during the 4th quarter worth approximately $639,000. Atlas Capital Advisors LLC boosted its position in shares of Twilio by 70.7% during the 4th quarter. Atlas Capital Advisors LLC now owns 256 shares of the technology company’s stock worth $67,000 after purchasing an additional 106 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Twilio by 4.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 32,448 shares of the technology company’s stock worth $8,545,000 after purchasing an additional 1,290 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BTIG Research lowered their price objective on shares of Twilio from $270.00 to $230.00 in a research report on Thursday, May 5th. Canaccord Genuity Group reduced their target price on shares of Twilio from $455.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, May 5th. Oppenheimer reduced their target price on shares of Twilio from $380.00 to $320.00 in a report on Thursday, May 5th. Wells Fargo & Company reduced their target price on shares of Twilio from $225.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, May 18th. Finally, Morgan Stanley reduced their target price on shares of Twilio from $240.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Twilio has a consensus rating of “Moderate Buy” and a consensus target price of $217.84.

Insiders Place Their Bets

In other news, COO Khozema Shipchandler sold 3,600 shares of Twilio stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $105.78, for a total value of $380,808.00. Following the sale, the chief operating officer now owns 96,549 shares of the company’s stock, valued at $10,212,953.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Khozema Shipchandler sold 3,600 shares of Twilio stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $105.78, for a total value of $380,808.00. Following the sale, the chief operating officer now owns 96,549 shares of the company’s stock, valued at $10,212,953.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 2,387 shares of Twilio stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $105.91, for a total transaction of $252,807.17. Following the completion of the sale, the insider now directly owns 79,665 shares in the company, valued at approximately $8,437,320.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,242 shares of company stock valued at $1,374,510. Insiders own 4.96% of the company’s stock.

Twilio Trading Up 0.5 %

Shares of Twilio stock opened at $98.19 on Friday. Twilio Inc. has a 1 year low of $77.14 and a 1 year high of $382.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 8.10 and a current ratio of 8.10. The company has a market capitalization of $17.84 billion, a P/E ratio of -18.08 and a beta of 1.53. The company’s fifty day moving average is $91.40 and its two-hundred day moving average is $130.14.

Twilio (NYSE:TWLOGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.09. Twilio had a negative net margin of 30.86% and a negative return on equity of 6.11%. The company had revenue of $943.35 million for the quarter, compared to the consensus estimate of $920.97 million. During the same period last year, the firm posted ($0.94) EPS. Twilio’s revenue for the quarter was up 41.0% on a year-over-year basis. Analysts forecast that Twilio Inc. will post -3.46 earnings per share for the current year.

Twilio Company Profile

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Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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