Twilio Inc. (NYSE:TWLO) Holdings Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Twilio Inc. (NYSE:TWLO) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,759 shares of the technology company’s stock after acquiring an additional 2,583 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.11% of Twilio worth $16,621,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Jericho Capital Asset Management L.P. acquired a new stake in Twilio during the 4th quarter worth about $301,258,000. Two Sigma Investments LP raised its position in Twilio by 1,292.9% during the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company’s stock valued at $122,101,000 after buying an additional 1,048,619 shares during the period. Whale Rock Capital Management LLC purchased a new stake in Twilio in the 4th quarter worth about $111,312,000. Two Sigma Advisers LP boosted its position in Twilio by 683.0% during the 4th quarter. Two Sigma Advisers LP now owns 935,697 shares of the technology company’s stock worth $101,130,000 after acquiring an additional 816,197 shares during the period. Finally, KBC Group NV grew its stake in Twilio by 236.3% during the 1st quarter. KBC Group NV now owns 945,594 shares of the technology company’s stock valued at $92,583,000 after acquiring an additional 664,420 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Down 1.1%

NYSE:TWLO opened at $130.05 on Wednesday. The firm has a market capitalization of $19.85 billion, a P/E ratio of -619.28, a P/E/G ratio of 4.09 and a beta of 1.30. Twilio Inc. has a 12-month low of $56.16 and a 12-month high of $151.95. The stock’s fifty day simple moving average is $120.83 and its 200-day simple moving average is $113.72. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12.

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

Insider Activity at Twilio

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Mizuho cut their price objective on Twilio from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. KeyCorp initiated coverage on shares of Twilio in a report on Friday, June 6th. They issued an “overweight” rating and a $146.00 price objective for the company. Wells Fargo & Company decreased their target price on Twilio from $160.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen lowered shares of Twilio from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 30th. Finally, The Goldman Sachs Group lifted their target price on shares of Twilio from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.22.

Twilio 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.