Harvest Fund Management Co. Ltd Raises Stake in Twilio Inc. (NYSE:TWLO)

Harvest Fund Management Co. Ltd grew its position in Twilio Inc. (NYSE:TWLO) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,560 shares of the technology company’s stock after purchasing an additional 1,137 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Twilio were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TWLO. LRI Investments LLC purchased a new position in Twilio in the 1st quarter worth approximately $25,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Twilio during the first quarter valued at approximately $28,000. TCTC Holdings LLC lifted its holdings in shares of Twilio by 118.1% in the first quarter. TCTC Holdings LLC now owns 338 shares of the technology company’s stock worth $33,000 after buying an additional 183 shares in the last quarter. Cloud Capital Management LLC bought a new position in shares of Twilio during the first quarter worth $34,000. Finally, UMB Bank n.a. purchased a new position in Twilio during the first quarter valued at $37,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Down 1.1%

Shares of NYSE TWLO opened at $130.05 on Wednesday. Twilio Inc. has a 52-week low of $56.16 and a 52-week high of $151.95. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of -619.28, a PEG ratio of 4.09 and a beta of 1.30. The stock has a 50 day moving average price of $120.83 and a 200 day moving average price of $113.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.80 EPS. Twilio’s revenue was up 12.0% on a year-over-year basis. Sell-side analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on TWLO. The Goldman Sachs Group boosted their price target on shares of Twilio from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. UBS Group cut their price objective on Twilio from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Piper Sandler lifted their target price on Twilio from $121.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Tigress Financial reiterated a “buy” rating and issued a $170.00 target price on shares of Twilio in a research report on Thursday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Twilio in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $127.22.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 13,595 shares of the firm’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total transaction of $1,591,430.70. Following the transaction, the chief executive officer owned 246,986 shares of the company’s stock, valued at approximately $28,912,181.16. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the sale, the director owned 33,488 shares of the company’s stock, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,888 shares of company stock valued at $6,753,409 over the last three months. 4.50% of the stock is owned by company insiders.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.