Bokf Na Grows Position in Twilio Inc. (NYSE:TWLO)

Bokf Na raised its stake in shares of Twilio Inc. (NYSE:TWLO) by 5.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 7,982 shares of the technology company’s stock after purchasing an additional 444 shares during the quarter. Bokf Na’s holdings in Twilio were worth $453,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Twilio during the fourth quarter valued at $179,739,000. Kodai Capital Management LP purchased a new stake in shares of Twilio during the 4th quarter valued at about $82,558,000. Contrarius Investment Management Ltd bought a new position in shares of Twilio in the 4th quarter worth approximately $80,043,000. Panagora Asset Management Inc. boosted its holdings in shares of Twilio by 286.3% in the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after buying an additional 531,075 shares during the last quarter. Finally, Goldentree Asset Management LP bought a new stake in Twilio during the first quarter valued at approximately $31,745,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

Shares of Twilio stock opened at $60.30 on Tuesday. The firm has a market cap of $9.68 billion, a PE ratio of -15.04, a PEG ratio of 3.37 and a beta of 1.35. The stock has a 50 day moving average of $59.56 and a 200 day moving average of $59.35. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 12 month low of $49.86 and a 12 month high of $78.16.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company earned ($0.23) EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, research analysts expect that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 11,241 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89. Following the sale, the chief executive officer now directly owns 300,084 shares in the company, valued at approximately $16,891,728.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Khozema Shipchandler sold 11,241 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $56.29, for a total transaction of $632,755.89. Following the transaction, the chief executive officer now owns 300,084 shares of the company’s stock, valued at approximately $16,891,728.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,931 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the sale, the chief financial officer now owns 184,570 shares in the company, valued at approximately $11,382,431.90. The disclosure for this sale can be found here. Insiders sold 47,030 shares of company stock valued at $2,677,475 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TWLO shares. Sanford C. Bernstein increased their price target on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. boosted their price target on Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $71.00 price objective on shares of Twilio in a research report on Monday, May 20th. Finally, Tigress Financial increased their target price on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Twilio presently has an average rating of “Hold” and a consensus price target of $70.52.

About Twilio

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.