Twilio Inc. (TWLO) Holdings Lifted by Legal & General Group Plc
Legal & General Group Plc grew its stake in shares of Twilio Inc. (NYSE:TWLO) by 65.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,338 shares of the technology company’s stock after purchasing an additional 10,049 shares during the quarter. Legal & General Group Plc’s holdings in Twilio were worth $757,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can increased its holdings in shares of Twilio by 204.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 7,297 shares of the technology company’s stock worth $212,000 after acquiring an additional 4,897 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Twilio by 207.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 171,317 shares of the technology company’s stock worth $4,988,000 after acquiring an additional 115,635 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Twilio by 273.8% during the 2nd quarter. Rhumbline Advisers now owns 69,415 shares of the technology company’s stock worth $2,021,000 after acquiring an additional 50,847 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Twilio during the 2nd quarter worth approximately $1,592,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Twilio during the 2nd quarter worth approximately $1,221,000. 59.84% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on TWLO shares. Robert W. Baird reissued a “buy” rating and set a $37.00 target price on shares of Twilio in a report on Friday, November 10th. Oppenheimer reissued a “buy” rating and set a $38.00 target price on shares of Twilio in a report on Monday, September 18th. Northland Securities set a $36.00 target price on Twilio and gave the stock a “buy” rating in a report on Monday, November 13th. Zacks Investment Research lowered Twilio from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, Canaccord Genuity reissued a “buy” rating and set a $38.00 target price on shares of Twilio in a report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $36.78.
Twilio (NYSE:TWLO) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. Twilio had a negative return on equity of 17.55% and a negative net margin of 15.69%. The firm had revenue of $100.54 million for the quarter, compared to analyst estimates of $92.50 million. During the same period in the prior year, the firm posted ($0.04) EPS. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. equities research analysts predict that Twilio Inc. will post -0.75 EPS for the current year.
In other news, General Counsel Karyn Smith sold 5,381 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $31.48, for a total transaction of $169,393.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lee Kirkpatrick sold 10,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $32.17, for a total value of $321,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,348 shares of company stock worth $1,233,298. Insiders own 25.03% of the company’s stock.
Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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