Level Four Advisory Services LLC lifted its holdings in shares of Twilio Inc. (NYSE:TWLO) by 7.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,052 shares of the technology company’s stock after purchasing an additional 76 shares during the period. Level Four Advisory Services LLC’s holdings in Twilio were worth $260,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in TWLO. Parkside Financial Bank & Trust bought a new position in shares of Twilio during the 2nd quarter valued at $28,000. Glassman Wealth Services grew its holdings in shares of Twilio by 1,172.7% during the 2nd quarter. Glassman Wealth Services now owns 140 shares of the technology company’s stock valued at $31,000 after purchasing an additional 129 shares during the last quarter. Berman Capital Advisors LLC grew its holdings in shares of Twilio by 88.3% during the 2nd quarter. Berman Capital Advisors LLC now owns 145 shares of the technology company’s stock valued at $31,000 after purchasing an additional 68 shares during the last quarter. Nachman Norwood & Parrott Inc purchased a new stake in Twilio during the 3rd quarter valued at $37,000. Finally, Engrave Wealth Partners LLC boosted its position in Twilio by 174.3% during the 2nd quarter. Engrave Wealth Partners LLC now owns 192 shares of the technology company’s stock valued at $42,000 after buying an additional 122 shares during the period. 84.03% of the stock is currently owned by institutional investors.
Several equities research analysts have recently commented on the stock. Canaccord Genuity raised their target price on shares of Twilio from $380.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. JMP Securities raised their price objective on shares of Twilio from $320.00 to $360.00 in a research note on Tuesday, October 13th. Oppenheimer restated a “buy” rating and set a $300.00 price objective on shares of Twilio in a research note on Friday, October 2nd. Robert W. Baird lifted their price target on shares of Twilio from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 2nd. Finally, Cowen raised their price objective on shares of Twilio from $310.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, October 2nd. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $316.74.
Shares of NYSE:TWLO opened at $292.13 on Monday. The business has a 50-day moving average price of $283.28 and a 200 day moving average price of $229.91. The company has a current ratio of 7.29, a quick ratio of 7.29 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $41.81 billion, a price-to-earnings ratio of -108.60 and a beta of 1.63. Twilio Inc. has a 12-month low of $68.06 and a 12-month high of $341.70.
Twilio (NYSE:TWLO) last issued its quarterly earnings data on Monday, October 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The firm had revenue of $447.97 million during the quarter, compared to the consensus estimate of $407.20 million. Twilio had a negative return on equity of 5.04% and a negative net margin of 26.77%. The company’s quarterly revenue was up 51.8% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS. As a group, equities research analysts predict that Twilio Inc. will post -1.47 earnings per share for the current fiscal year.
In other Twilio news, Director Richard L. Dalzell sold 1,500 shares of Twilio stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $226.10, for a total value of $339,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Khozema Shipchandler sold 6,808 shares of Twilio stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $254.89, for a total value of $1,735,291.12. The disclosure for this sale can be found here. Insiders have sold a total of 195,243 shares of company stock valued at $53,769,251 over the last three months. Corporate insiders own 6.68% of the company’s stock.
Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate communications 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, and video capabilities into their applications.
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