M Holdings Securities Inc. acquired a new position in shares of Twilio Inc (NYSE:TWLO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,722 shares of the technology company’s stock, valued at approximately $209,000.

A number of other hedge funds have also added to or reduced their stakes in TWLO. Prudential Financial Inc. purchased a new stake in Twilio in the 1st quarter valued at $228,000. Swiss National Bank increased its stake in Twilio by 10.9% in the 1st quarter. Swiss National Bank now owns 113,800 shares of the technology company’s stock valued at $4,345,000 after buying an additional 11,200 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Twilio by 4.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 333,165 shares of the technology company’s stock valued at $12,721,000 after buying an additional 14,385 shares during the period. BlackRock Inc. increased its stake in Twilio by 7.8% in the 1st quarter. BlackRock Inc. now owns 4,408,663 shares of the technology company’s stock valued at $168,323,000 after buying an additional 317,128 shares during the period. Finally, Denver Investment Advisors LLC increased its stake in Twilio by 6.1% in the 1st quarter. Denver Investment Advisors LLC now owns 17,437 shares of the technology company’s stock valued at $666,000 after buying an additional 1,006 shares during the period. Hedge funds and other institutional investors own 57.90% of the company’s stock.

NYSE:TWLO traded up $5.71 during trading hours on Friday, hitting $75.00. The stock had a trading volume of 3,635,067 shares, compared to its average volume of 2,284,503. The company has a quick ratio of 7.20, a current ratio of 7.20 and a debt-to-equity ratio of 0.98. Twilio Inc has a 1-year low of $23.25 and a 1-year high of $88.88. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of -96.15 and a beta of 0.31.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Monday, August 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.09. Twilio had a negative net margin of 18.29% and a negative return on equity of 21.41%. The company had revenue of $147.80 million during the quarter, compared to the consensus estimate of $130.39 million. During the same quarter last year, the company earned ($0.05) earnings per share. Twilio’s revenue for the quarter was up 54.1% on a year-over-year basis. On average, equities analysts anticipate that Twilio Inc will post -0.78 earnings per share for the current year.

A number of equities analysts have recently weighed in on the stock. Piper Jaffray Companies assumed coverage on shares of Twilio in a research note on Monday, June 25th. They set an “overweight” rating on the stock. Argus raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Twilio from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. JMP Securities boosted their price objective on shares of Twilio from $76.00 to $86.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 4th. Finally, Rosenblatt Securities assumed coverage on shares of Twilio in a research report on Wednesday, June 27th. They issued a “buy” rating and a $70.00 price objective on the stock. Two analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Twilio presently has a consensus rating of “Buy” and an average price target of $76.55.

In related news, CFO Lee Kirkpatrick sold 12,000 shares of the firm’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $61.20, for a total transaction of $734,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO George Hu sold 22,889 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $74.75, for a total value of $1,710,952.75. The disclosure for this sale can be found here. Insiders have sold 204,261 shares of company stock valued at $15,545,973 in the last three months. Corporate insiders own 19.80% of the company’s stock.

Twilio Company Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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